Nexa Equity, a private equity firm focused on scaling lower middle market software and fintech businesses, has acquired Choice Inc, a global payments platform.
Additionally, Choice has acquired Direct Payment Consultants, a payments provider that partners directly with merchants. Following the acquisition, Choice’s platform will process more than $3 billion in annual payments volume across 7,000+ customers in the United States and Canada. The founding teams of both Choice and Direct Payment Consultants each continue to hold a meaningful stake in the combined business.
Financial terms of the transactions have not been disclosed.
