When was Network Merchants founded?

Network Merchants was founded in 2001 and raised its 1st funding round 12 years after it was founded.

Where is Network Merchants located?

Network Merchants is headquartered in Roselle, United States. It is registered at FOURTH FLOOR,1 ALL SAINTS STREET,BRISTOL,ENGLAND,BS1 2LZ.

How many employees does Network Merchants have?

As of Mar 31, 2026, the latest employee count at Network Merchants is 729.

Is Network Merchants a funded company?

Network Merchants is a funded company, having raised a total of $54.2M across 4 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Sep 18, 2013.

When was the latest funding round of Network Merchants?

Network Merchants' latest funding was a $***** PE round on Feb 26, 2022, with participation from 0 investor.

Where does Network Merchants rank among its competitors?

Network Merchants ranks 36th amongst 6092 active competitors, of which 537 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Network Merchants?

Network Merchants' top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

Network Merchants - 2026 Company Profile, Team, Funding & Competitors

Company Details

Network Merchants, LLC. (NMI) builds e-commerce payment gateways for companies that want to process online transactions in real-time anywhere in the world. NMI created, maintains and delivers a substantial suite of payment solutions through a unique channel of distribution comprising of financial institutions, ISOs/MSPs, payment processors, VARs, and other e-commerce developers interested in retaining their existing merchant-customers and acquiring new business. With an easy to integrate transparent and private-label program, Affiliate Partners maintain their own look and feel while providing merchants with efficient and secure payment processing solutions. NMI’s open-architectural design allows Affiliate Partners to earn substantial residuals without having to worry about competition from the gateway.

Website: www.nmi.com/
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Registered Address: FOURTH FLOOR,1 ALL SAINTS STREET,BRISTOL,ENGLAND,BS1 2LZ

Key Metrics

Founded Year

2001

Location

Roselle, United States

Stage

Acquired

Total Funding

$54.2M in 4 rounds

Latest Funding Round

PE, Feb 26, 2022, $*****

Investors

Insight Partners & 4 more

Ranked

36^th among 6092 active competitors

Employee Count

729 as on Mar 31, 2026

Investment & Acquisitions

Feenavigator & 7 more

Similar Companies

PayPal & 3653 more

Exit Details

Acquired by Francisco Partners (Sep 07, 2017)

View Network Merchants' full profile

Network Merchants is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NETWORK MERCHANTS LIMITED CIN: 3295353 , United Kingdom, Active	Dec 19, 1996	-	113 (As on Jan 31, 2020)
NETWORK MERCHANTS, LLC CIN: 800950412 , United States, Active	Dec 31, 1999	-	242 (As on Dec 31, 2023)	-

Network Merchants got acquired by Francisco Partners on Sep 07, 2017.

Click here to take a look at Network Merchants's acquisition in detail

Network Merchants has raised a total funding of $54.2M over 4 rounds. Its first funding round was on Sep 18, 2013. Network Merchants has 5 institutional investors.

Here is the list of recent funding rounds of Network Merchants:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 26, 2022	5434820	PE	3838375	7263592	6220479	5225029
Sep 09, 2021	4287341	Series A	8136466	4188948	2181645	Great Hill Partners
May 06, 2014	3137311	PE	2836684	2714527	3949714	Great Hill Partners

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View details of Network Merchants's funding rounds and investors

The founders of Network Merchants are James McKenzie and Ted Cucci.

Here are the details of Network Merchants' key team members:

James McKenzie: Co-Founder & Chairman of Network Merchants. They serve on the board of 1 company.
Contact Info: 1 email address
Ted Cucci: Co-Founder of Network Merchants.
Contact Info: 1 email address

View details of Network Merchants's Founder profiles and Board Members

Network Merchants' employee count trend

Network Merchants has 729 employees as of Mar 26. Here is Network Merchants's employee count trend over the years:

Employee count trend for Network Merchants

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Top competitors of Network Merchants include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of Network Merchants, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
7th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	81/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 186 others	80/100
9th	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Adams Street Partners, Permira & 26 others	80/100
10th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
36th	Network Merchants 2001, Roselle (United States), Acquired	White Label Payment Gateway solutions	$54.2M	Great Hill Partners, Francisco Partners & 3 others	69/100

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Network Merchants has not made any investments yet. Network Merchants has made 8 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 02, 2026	Acquisition	Feenavigator		Philadelphia (United States)
May 19, 2026	Acquisition	Dwolla	2008	Des Moines (United States)
Dec 06, 2022	Acquisition	Agreement Express	2001	Vancouver (Canada)