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.

Who is the current CEO of Network Merchants?

Vijay Sondhi and Roy Banks s of Network Merchants.

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 26th amongst 1892 active competitors, of which 155 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was PayU, which secured $35.1M in Jul, 2025.

Who are the top competitors of Network Merchants?

Network Merchants' top competitors include PayPal, Stripe and Square. Among them, PayU secured the most recent funding round in July, 2025.

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

Network Merchants is an acquired company based in Roselle (United States), founded in 2001 by James McKenzie and Ted Cucci. It operates as a White Label Payment Gateway solutions. Network Merchants has raised $54.2M in funding from Insight Partners and Francisco Partners. The company has 1892 active competitors, including 155 funded and 205 that have exited. Its top competitors include companies like PayPal, Stripe and Square.

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/
Social
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

26^th among 1892 active competitors

Employee Count

729 as on Mar 31, 2026

Investment & Acquisitions

Dwolla & 6 more

Similar Companies

Stripe & 5656 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, LLC CIN: 800950412 , United States, Active	Dec 31, 1999	-	242 (As on Dec 31, 2023)	-
NETWORK MERCHANTS LIMITED CIN: 3295353 , United Kingdom, Active	Dec 19, 1996	-	113 (As on Jan 31, 2020)

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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 26, 2022	4567575	PE	8716737	4254699	3609980	2770624
Sep 09, 2021	3912711	Series A	9873116	5113375	2925029	Great Hill Partners
May 06, 2014	2901025	PE	2291880	3501487	2303637	Great Hill Partners

Access funding benchmarks and valuations. Sign up today!

View details of Network Merchants's funding rounds and investors

The founders of Network Merchants are James McKenzie and Ted Cucci. Vijay Sondhi is the CEO of Network Merchants.

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
Vijay Sondhi: CEO of Network Merchants.
Contact Info: 1 email address
Roy Banks: CEO 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

Uncover Network Merchants' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Network Merchants include PayPal, Stripe and Square. 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	MDP, BlueRun Ventures & 27 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 & 121 others	86/100
3rd	Square 2009, San Francisco (United States), Public	Provider of integrated point of sale and business management solutions	$520M	Victory Park Capital Advisors, GIC & 59 others	85/100
4th	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, Prosus & 5 others	84/100
5th	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 71 others	83/100
6th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 14 others	80/100
7th	Checkout.com 2012, London (United Kingdom), Series D	Provider of payment processing services for online and digital merchants	$1.83B	DST Global, Tiger Global Management & 14 others	79/100
8th	Lightspeed 2005, Montreal (Canada), Public	Provider of point of sale and payment platform for businesses	$292M	CDPQ, Inovia Capital & 8 others	79/100
9th	SpotOn 1999, San Francisco (United States), Series F	Point-of-sale systems and business software solutions for restaurants and small businesses	$923M	Andreessen Horowitz, Dragoneer Investment Group ... & 15 others	77/100
10th	Rapyd 2016, London (United Kingdom), Series F	Provider of financial infrastructure for processing payments and issuing cards	$1.01B	Tal Capital, Oak HC/FT & 33 others	76/100
26th	Network Merchants 2001, Roselle (United States), Acquired	White Label Payment Gateway solutions	$54.2M	Great Hill Partners, Francisco Partners & 3 others	67/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Network Merchants's competitors? Click here to see the top ones

Network Merchants has not made any investments yet. Network Merchants has made 7 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 19, 2026	Acquisition	Dwolla	2008	Des Moines (United States)
Dec 06, 2022	Acquisition	Agreement Express	2001	Vancouver (Canada)
Jan 18, 2022	Acquisition	IRIS CRM	2010	Brooklyn (United States)