Latest news with #StevenPinado
Yahoo
2 days ago
- Business
- Yahoo
NMI appoints new CEO
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Embedded payments player NMI, which processes $440 billion annually, has appointed former Billtrust President Steven Pinado as its next CEO, effective Sept. 2, according to a Tuesday NMI press release. Pinado most recently has been a partner at New York venture capital firm Radian Capital, where he worked with the firm's software company investments. He replaces Vijay Sondhi, who has been in NMI's top post for seven years. Sondhi will remain as an advisor through the end of the year, the release said. NMI board chairman Peter Christodoulo, a partner at NMI investor Francisco Partners, said Pinado's 'strategic mindset and deep expertise across payments and software make him the right person to lead NMI into its next phase.' Dive Insight: While the NMI release said Pinado would take the CEO post next month, his LinkedIn profile already had him in the role this month. His profile also showed he has served on the boards of several software companies that provide services, such as payments processing, to merchants. They included Browzwear, Helcim and Emporia Holdings. Schaumburg, Illinois-based NMI built a business on payments gateway services and has wooed financial institution clients with software aimed at helping banks compete with younger fintechs. Its mission has been to sell software to banks and other clients, which allows them to offer merchants payments tools that reduce friction for credit card transactions. NMI now caters to about one million clients, processing 5.8 billion in transactions annually, up from 550 million transactions when Sondhi arrived in 2018, according to the release. In an NMI blog post, Sondhi, a former Visa executive, said he made the decision to step down. He noted his track record included expanding NMI's annual payments volume nearly tenfold and integrating five acquisitions. Those purchases included the 2023 acquisition of the commercial division of payments software firm Sphere, and the year before, NMI bought payments customer relationship software firm IRIS. The privately held NMI has also attracted investments from the New York venture capital firm Insight Partners and Boston-based Great Hill Partners. Recommended Reading NMI aims to equip banks with modern payments tech
Finextra
4 days ago
- Business
- Finextra
NMI names Steven Pinado as CEO
NMI, a global leader in embedded payments infrastructure, announces a leadership transition designed to power its next wave of innovation and growth. 0 After seven years at the helm, CEO Vijay Sondhi will step down, making way for seasoned fintech executive Steven Pinado to take the reins as Chief Executive Officer, effective September 2, 2025. To ensure a seamless transition, Sondhi will remain with the company as a strategic advisor through the end of the year. Vijay Sondhi, CEO at NMI said: 'Leading NMI has been both an honor and a privilege. I'm incredibly proud of what we've built together - a platform that empowers innovation across the payments ecosystem. As the company enters its next phase, I'm confident we've laid a strong foundation for continued growth, powered by an exceptional executive team and a new CEO ready to lead NMI into its next chapter.' Pinado brings nearly 30 years of experience in fintech, embedded payments, and scaling growth-stage businesses. Most recently a Partner at Radian Capital, he led the firm's operating team, advising high-growth technology companies. Before that, he served as President of Billtrust, where he steered the company through a successful IPO and subsequent sale. He also held leadership roles at Jonas Software and Constellation Payments, where he pioneered embedded payments for software platforms. His diverse background spans payment processors, issuers and SaaS platforms, uniquely positioning him to lead NMI into its next chapter of growth and innovation. This appointment follows a thoughtful succession planning process, led by Sondhi in close partnership with NMI's executive leadership team and board of directors, to ensure continuity and position the company for long-term success. During Sondhi's tenure, NMI transformed from a payment gateway provider into a full-stack embedded payments acceptance platform. Over the past seven years the company has grown from enabling 550 million transactions and $45 billion in annual payments volume to processing more than 5.8 billion transactions and $440 billion annually. The network of merchants powered by NMI has expanded nearly tenfold, now exceeding one million worldwide. Under his leadership, NMI completed five acquisitions, expanding the company's capabilities across in-person, online, unattended and mobile commerce, and accelerating its evolution into a category leader in embedded payments. Peter Christodoulo, partner at Francisco Partners and chairman of NMI's board said: 'Vijay has been an exceptional leader for NMI, guiding the company through a period of significant transformation and growth. His vision and execution helped shape NMI into the embedded payments leader it is today, and we're deeply grateful for his many contributions. As we look to the future, we're thrilled to welcome Steve as our new CEO. His strategic mindset and deep expertise across payments and software make him the right person to lead NMI into its next phase.' Steven Pinado said: 'NMI has built an impressive legacy as a leader in embedded payments infrastructure. I am honored to succeed Vijay, and excited to join this outstanding team at such a pivotal moment. As software continues to reshape commerce, NMI is well-positioned to continue helping our partners deliver seamless, scalable payment experiences.' Byron Lichtenstein, Managing Director at Insight Partners said: 'Vijay's leadership played a pivotal role in positioning NMI as a category-defining embedded payments platform. As the company enters its next stage of growth, Steve's operational experience, fintech fluency and strategic vision will help NMI scale new heights and deliver even greater value to our partners. We look forward to supporting him and the NMI team in this exciting new journey.'
Yahoo
5 days ago
- Business
- Yahoo
NMI Ushers in Next Era of Embedded Payments with New CEO Appointment
Leadership transition positions NMI for next phase of growth as Steven Pinado succeeds Vijay Sondhi as Chief Executive Officer SCHAUMBURG, Ill., August 12, 2025--(BUSINESS WIRE)--NMI®, a global leader in embedded payments infrastructure, announces a leadership transition designed to power its next wave of innovation and growth. After seven years at the helm, CEO Vijay Sondhi will step down, making way for seasoned fintech executive Steven Pinado to take the reins as Chief Executive Officer, effective September 2, 2025. To ensure a seamless transition, Sondhi will remain with the company as a strategic advisor through the end of the year. Vijay Sondhi, CEO at NMI said:"Leading NMI has been both an honor and a privilege. I'm incredibly proud of what we've built together - a platform that empowers innovation across the payments ecosystem. As the company enters its next phase, I'm confident we've laid a strong foundation for continued growth, powered by an exceptional executive team and a new CEO ready to lead NMI into its next chapter." Pinado brings nearly 30 years of experience in fintech, embedded payments, and scaling growth-stage businesses. Most recently a Partner at Radian Capital, he led the firm's operating team, advising high-growth technology companies. Before that, he served as President of Billtrust, where he steered the company through a successful IPO and subsequent sale. He also held leadership roles at Jonas Software and Constellation Payments, where he pioneered embedded payments for software platforms. His diverse background spans payment processors, issuers and SaaS platforms, uniquely positioning him to lead NMI into its next chapter of growth and innovation. This appointment follows a thoughtful succession planning process, led by Sondhi in close partnership with NMI's executive leadership team and board of directors, to ensure continuity and position the company for long-term success. During Sondhi's tenure, NMI transformed from a payment gateway provider into a full-stack embedded payments acceptance platform. Over the past seven years the company has grown from enabling 550 million transactions and $45 billion in annual payments volume to processing more than 5.8 billion transactions and $440 billion annually. The network of merchants powered by NMI has expanded nearly tenfold, now exceeding one million worldwide. Under his leadership, NMI completed five acquisitions, expanding the company's capabilities across in-person, online, unattended and mobile commerce, and accelerating its evolution into a category leader in embedded payments. Peter Christodoulo, partner at Francisco Partners and chairman of NMI's board said:"Vijay has been an exceptional leader for NMI, guiding the company through a period of significant transformation and growth. His vision and execution helped shape NMI into the embedded payments leader it is today, and we're deeply grateful for his many contributions. As we look to the future, we're thrilled to welcome Steve as our new CEO. His strategic mindset and deep expertise across payments and software make him the right person to lead NMI into its next phase." Steven Pinado said:"NMI has built an impressive legacy as a leader in embedded payments infrastructure. I am honored to succeed Vijay, and excited to join this outstanding team at such a pivotal moment. As software continues to reshape commerce, NMI is well-positioned to continue helping our partners deliver seamless, scalable payment experiences." Byron Lichtenstein, Managing Director at Insight Partners said:"Vijay's leadership played a pivotal role in positioning NMI as a category-defining embedded payments platform. As the company enters its next stage of growth, Steve's operational experience, fintech fluency and strategic vision will help NMI scale new heights and deliver even greater value to our partners. We look forward to supporting him and the NMI team in this exciting new journey." About NMINMI is a global leader in embedded payments, powering more than $440+ billion in payment volumes every year. From our industry-leading payment gateway technology to our seamless merchant underwriting, acquiring, onboarding and management platform, we enable our partners across the entire payments ecosystem. We help our partners deliver frictionless payment solutions to their customers, offering modularity, flexibility and choice, wherever and however consumers want to pay – online, in-store, in-app, mobile and unattended. And we're constantly innovating, empowering ISOs, software vendors and payment professionals as they embrace the future of fintech. Visit About Francisco PartnersFrancisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $50 billion in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit About Insight PartnersInsight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit or follow us on X @insightpartners. View source version on Contacts Media Contact Audrey Surette (for NMI)nmi@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
