Choice; Nexa Equity | April 27, 2022
Nexa Equity LLC, a private equity firm focused on scaling lower middle market software and fintech businesses, announced today that it has acquired Choice Inc., a leading global payments platform. Additionally, Choice has acquired Direct Payment Consultants, a payments provider that partners directly with merchants. After 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 were not disclosed.
The Choice global payments platform provides advanced, end-to-end omnichannel commerce solutions to merchants and technology companies of all sizes. The company's modern payment integrations and business management solutions empower independent software vendors (ISVs), payment facilitators (PayFacs), enterprise merchants and independent sales organizations (ISOs) to enable their merchants to accept multiple electronic payment types and tools to scale their businesses.
Direct Payment Consultants is focused on helping merchants complete end-to-end payment transactions for their businesses. Combined with Choice's leading platform, the customers of Choice and Direct Payment Consultants will benefit from an expanded product portfolio and the shared knowledge of operators with a deep understanding of the payments space.
Choice's mission to modernize the convergence of payments and technology to transform the future of commerce aligns well with Nexa Equity's investment strategy, We look forward to scaling the Choice platform through organic initiatives while continuing to actively pursue strategic acquisitions like Direct Payment Consultants."
Nexa Founder and Managing Partner Vlad Besprozvany.
Nexa Equity's investment will augment Choice's go-to-market team and enhance its omnichannel fintech platform. The platform includes a payment gateway, application programming interfaces (API), point-of-sale-software, invoicing, recurring billing, embedded financing, real-time underwriting, and comprehensive partner and merchant reporting.
We wanted to bring on a capital partner that understands our business, goals and end customer, and we found that in Nexa Equity, Choice is laser focused on providing customers with the most comprehensive and cutting-edge omnichannel payment solutions in the industry to benefit all parties in the equation. Our acquisition of Direct Payment Consultants will enable us to execute on this vision even further and I'm thrilled to have the Direct Payment Consultants team join us and to take Choice to the next level together."
Choice CEO John Paul Golino.
We are excited to join forces with Choice and to enhance our service to customers by offering them the proprietary software and tools in Choice's platform, The combination solidifies our ability to deliver a leading integrated payments solution to our customers and partners, and we look forward to what we will achieve as a combined team."
Direct Payment Consultants CEO Jim Black.
About Nexa Equity
Nexa Equity is a San Francisco, California based private equity firm that partners with founder-led, rapidly scaling SaaS and fintech companies that address markets underserved by technology to create enduring value for the benefit of its investors and portfolio companies. The firm has more than $250 million in private equity capital under management and is focused on continuing to grow its portfolio of companies. The Nexa Equity team brings substantial investing and operational experience to the table and helps management teams professionalize and scale their businesses and drive long-term sustainable growth.
About Choice Merchant Solutions
Choice is a fast-growing payments and technology fintech that offers merchants a robust, omnichannel commerce experience. The company's proprietary technology platform integrates seamlessly into software vendor technology stacks, enabling embedded payment monetization along with fraud management tools, analytics and comprehensive reporting for ISVs and their merchants.
About Direct Payment Consultants
Direct Payment Consultants is a Pennsylvania based payments company. Direct Payment Consultants partners with businesses across the country to accept all major payment cards. The company is committed to offering customers best-in-class payment processing services, alongside cost saving measures, to enable customers to drive better business results.
Tyler Technologies | March 31, 2022
Tyler Technologies, Inc. (NYSE: TYL) today announced that the state of Mississippi has extended its contract for Tyler’s award-winning digital government and payments services. The two-year extension builds upon the existing 11-year relationship with Tyler’s subsidiary, NIC.
Throughout Mississippi, NIC currently provides more than 100 state and local government entities with over 340 digital government services, including online hunting and fishing licenses, driver services, and tax payments. NIC Mississippi operates a multi-award-winning citizen portal powered by an intelligent, cross-agency chatbot that engages visitors to the state’s official website, MS.GOV, with machine learning and artificial intelligence to help Mississippians find the services they need – all through a simple, intuitive conversation.
We are honored to continue working alongside many agencies across Mississippi to expand digital government services and payment options for people and businesses across the state, We value our longstanding relationship with the state and, more than ever, look forward to continuing to use technology to deliver innovative solutions in 2022 and beyond.”
Drew Levanway, general manager of NIC Mississippi.
Through its partnership with NIC, Mississippi’s enterprise digital government presence has resulted in process automation efficiencies for both government and citizens. Over the past decade, it has enabled the state to realize a cost avoidance of more than $16.5 million. In 2021 alone, Mississippi government websites served more than 6.5 million citizens and securely processed more than 1.46 million digital government transactions totaling more than $151 million. Mississippi has also won 24 national awards for its citizen-first government experience.
About Tyler Technologies and NIC
Acquired by Tyler Technologies (NYSE: TYL) on April 21, 2021, NIC is a leader in digital government solutions and payments, partnering with government to deliver user-friendly digital services that make it easier and more efficient to interact with government. NIC and Tyler are united in their mission to empower public sector entities to operate more efficiently and connect more transparently with their constituents and with each other. Tyler has more than 37,000 successful installations across more than 12,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including Government Technology's GovTech 100 list and Forbes' "Most Innovative Growth Companies" list.
TaxBit | April 29, 2022
TaxBit, the leading tax and accounting software provider for the tokenized economy, announces SoFi Technologies, the digital personal finance company, is joining the TaxBit Network—the first-of-its-kind network to provide free cryptocurrency tax forms to all users of the over 20 TaxBit Network companies.
Historically, the process of generating cryptocurrency tax forms costs individuals anywhere from hundreds to thousands of dollars per year depending on whether they used do-it-yourself software or enlisted an accountant. The TaxBit Network eliminates this barrier to mainstream digital asset adoption with every SoFi user of a supported TaxBit Network company receiving free, accurate crypto tax forms.
Adding a company like SoFi to the TaxBit Network is a major step for the digital asset world. This is a traditional finance company entering the world of crypto in a big way. We are thrilled to have them join our network and we look forward to assisting their clients in this new and ever-changing landscape."
Austin Woodward, TaxBit CEO.
In tandem with the launch of TaxBit Network, SoFi will be incorporating a one-click, free TaxBit sign-up within their native applications to further simplify access to 2021 tax forms and year-round access to TaxBit's industry-leading software.
Our mission is to help people get their money right, and joining the TaxBit Network makes it easier than ever to do that by making it simpler for our members to manage their taxes on cryptocurrency, We have seen a growing appetite for crypto investing among our members, and we know that trend is only to continue on as we see more and more people jumping into the market. We're thrilled to be getting ahead of the curve in meeting that need, and the implications that come with the trading of cryptocurrency, alongside TaxBit."
Anthony Noto, CEO of SoFi.
The TaxBit Network provides users the ability to easily integrate their cryptocurrency exchange, DeFi, and NFT data, see their tax calculations line-by-line and aggregate tax positions, and download completed IRS Forms 8949 and Income reports that are ready to upload to popular tax filing software or hand over to an accountant—all for free for users of supported TaxBit Network companies, like SoFi. TaxBit's team of industry-leading CPAs and tax attorneys have certified the accuracy of tax calculations related to platforms within the TaxBit Network, including reconciling tax forms to all Forms 1099 issued by such platforms.
Designed by CPAs and tax attorneys, TaxBit is the leading tax and accounting solution for the tokenized economy. TaxBit's platform serves the industry's top exchanges, institutional investors, governments, and individuals. TaxBit has raised over $230 million from the world's-top investors in order to enable widespread digital asset adoption by automating the regulatory hurdles of tax and accounting compliance at scale. TaxBit has HQ in Salt Lake City and Seattle.
ixFintech | December 22, 2021
IX Fintech Group Limited (ixFintech) is honoured to announce the successful integration of privacy identity authentication and post quantum computing security into ixWallet to safeguard users' identity against cybersecurity risk. In Q1 2022, the company also aims to launch ixPoint, the company's first-ever reward point scheme, as well as the first asset-backed TeaCoin.
The new version of ixWallet comes with two new indexes: ixBitcoin and ixEthereum. These indexes in combination with ixCrypto Index facilitate easy comparison of the performance of the whole Crypto market versus the performance of Bitcoin and Ethereum. ixWallet 2.0 offers more efficient and flexible KYC (Know Your Customer) processes depending on the users’ needs and usage.
“The ixWallet 2.0 marks a momentous milestone in our development journey to provide enhanced protection for our customers’ valuable digital assets. In addition to serving users who want anonymity while satisfying regulators’ requirements on KYC and security, ixWallet 2.0 allows users to choose whether they want to conduct full KYC for regulated activities through its settings,” said Irene Wong, the founder and CEO of ixFintech. This launching event also records a successful collaboration with Polydigi Tech Ltd for its pending patent on the world’s first Anti-Authorised Push Payment (Anti-App) scams and phishing Digital ID authentication s-Factr™ solution and IronCAP, a code-based cryptographic technology by 01 Communique Laboratory Inc as announced in Q2 2021. These technologies are likely to make ixWallet 2.0 the safest digital wallet in the world.
The company is also excited to announce the successful completion of the Proof-Of-Concept Project (PoC Project) on the world’s first audited Tea Cake Tokenisation. The Financial Services and the Treasury Bureau (FSTB) launched the Fintech Proof-of-Concept Subsidy Scheme (the “PoC Scheme”) aiming to encourage traditional financial institutions (the “FIs”) to partner up with Fintech companies to conduct the PoC Project on innovative financial service products. An asset-backed token is a digital token based on blockchain technology that derives its value based on the underlying asset. Coin holders may benefit from the liquidity and price performance of the token in the secondary market. The TeaCoin was designed with the traditional tea cake in mind and is available on ixWallet 2.0 for users to understand asset tokenisation. In the future, investors can store TeaCoins on ixWallet and this will allow them to safeguard their assets until they need to transfer such assets to another party or use them to redeem a real physical tea cake from the tea company.
About IX Fintech
IX Fintech Group is a Hong Kong based digital assets award winning company, including HK FinTech Awards, HK FinTech Impetus Awards, IFTA Awards and TADS Awards. The company’s mission is to bridge the traditional finance and new digital finance in a secured and compliant way. In the past 3 years, the Group won awards in different areas including cross boarder payment solution, blockchain technology, wealth management and trading platform etc.
IX Fintech Group created a DEFI machine, DAEM (Digital Asset Exchange Machine) and ixWallet both installed with post quantum computing security, and the Bitcoin Lei see, all world’s first in the market. The whole system is truly decentralized, to provide users an “instant trading- instant settled” into clients’ unique wallet new and better experience, eliminating all middle parties default risk.
ixWallet 2.0 newly released is a truly distributed ledger wallet that enables users to manage not only cryptos but other kinds of digital assets. Transactions are transparent and can be checked from public proven websites. ixWallet2.0 is protected from phishing. It is equipped with the next generation OTP solution.
IX Asia Indexes Company Limited (“IX Asia Indexes”) is a wholly owned subsidiary of the IX Fintech Group. Aiming to become one of the leading index compilers in Asia, its services in the areas of both real and digital assets cover index consultancy, index design, index calculation and dissemination, and index education. It is missioned to bring transparency and standardization to the digital asset and tokenisation world through building an investment-grade and rules-based benchmarks.
IX Asia Indexes launched the award winning ixCrypto Index (IXCI) in 2018, followed by two new Indexes ixBitcoin (IXBI) and ixEthereum (IXEI) Index to complete the ixCrypto Index Series in early 2021. They are currently available in 85 countries via Nasdaq and IX Asia Indexes Company data feed to Bloomberg, Reuters, banks institutions and information vendors. Real time index is disseminated every 15 second interval from Hong Kong Time 9 a.m. to 9 p.m.. An index advisory committee with representation from different industries to ensure the professionality and impartiality of the index methodologies and operations.
About Polydigi Tech
Following an invitation from the United Kingdom Department of International Trade, Polydigi Tech established its Headquarter in Edinburgh, Scotland in 2019. Polydigi Tech is an innovative cybersecurity company that specialises in cutting-edge identity verification technologies. To counter the ever-growing risk of cyber-threats, Polydigi Tech has developed various patented and patent-pending innovative solutions including mobile phone based multi-factor authentication, biometric authentication, and hardware protection for IoT devices and networks.
About 01 Communique
Established in 1992, 01 Communique (TSX-V: ONE; OTCQB: OONEF) has always been at the forefront of technology. The Company’s cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ technology. IronCAP™’s patent-pending cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing. The Company’s remote access business unit provides its customers with a suite of secure remote access services and products under its I’m InTouch and I’m OnCall product offerings.