NMI, a leading payments enablement technology company, today announced the appointment of Kyle Pexton to the role of president to further scale the company’s commercial and business development efforts, as well as drive the company’s organic and inorganic growth.
Pexton brings over two decades of payments and fintech experience to this position. He previously served in senior executive finance and operational roles at Authorize.Net and was instrumental in the company’s sale to Cybersource. He also served as CFO of Accelerated Payment Technologies, where he played a key role in the company’s sale to Global Payments. For the past six years, he has served as CFO at NMI and led the company through the successful acquisition and integration of the UK-based company, Creditcall in 2018. In Pexton’s role as president, he will drive NMI’s growth strategies with responsibility for sales, marketing, business development, financial operations, human resources, and corporate development.
Over the past 20 years, NMI has established itself as a payments innovator with a best-in-class technology platform for global ISO, ISV, and enterprise customers in the omnichannel, unattended, and payment facilitation segments. This move will help the company to further leverage its robust technology offering and seize new market opportunities. “Kyle’s appointment exemplifies our commitment to operational excellence. His extensive industry expertise will enable us to remain agile, stay hyper-focused on our customers and win in the market,” said Vijay Sondhi, CEO of NMI.
“I am truly honored to be leading a group of world-class executives with a commercial mindset, and I’m confident that we will continue transforming the payments industry. NMI’s exceptionally talented employees are executing on our growth strategies and delivering a unique value proposition to our customers and the market. We are successfully helping our customers grow their business, and our global platform now processes over $70 billion in annual volume,” said Pexton. “We look forward to supplementing our strong organic growth with acquisitions that will add value to our customers and solidify our market-leading position.”
“For the last 20+ years, Kyle has driven tremendous performance at several highly successful payments companies,” commented Peter Christodoulo, Chairman of the NMI Board and Partner at Francisco Partners, a growth-oriented private equity fund. “This promotion is not only well deserved but is also a testament to Kyle’s varied skills and impressive domain expertise. Together with several other recent senior executive hires and continued strong financial performance, NMI is extremely well-positioned to accelerate growth and product innovation.”
NMI is driving transformation in the payment industry through the power of unified commerce enablement. By unifying every point of payment to deliver one view of the customer, NMI is enabling thousands of ISVs, ISOs, and fintech innovators to finally break free from today’s payment crunch and unleash new sources of value to achieve disruptive results. Processing more than $50 billion in payments a year, NMI is the driving force behind more than 1,250 technology partners and 130,000 merchants across retail, transportation, hospitality, medical, non-profit, parking and vending verticals who are shifting to a new unified commerce strategy to put their business first, gain new value and deliver a superior merchant and consumer experiences.