Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 8 companies across 1 category.
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NMI began as a payment gateway provider serving ISOs and software companies, enabling white-label payment processing. Over time it expanded from a pure gateway to a full embedded payments infrastructure platform — adding merchant onboarding, CRM (Merchant Central / IRIS), fraud tools, and unattended/self-service payment support. The acquisition of Dwolla in 2025 marked a major pivot toward multi-rail money movement (ACH, RTP, card), and the launch of NMI Business Capital via Parafin extended the platform into embedded lending, positioning NMI as a broader embedded financial infrastructure provider for ISOs, PayFacs, and SaaS platforms.
Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/nmi/install" width="1" height="1" alt="" style="display:none">8 companies disclose NMI in their stack in the Embedded Finance Index 2026, including MemberClicks, Spreedly, Openpay, InterPayments, Highlevel, myKaarma, Agms and Payrails.
NMI is an embedded-finance provider in PSP. It ranks #50 of 538 PSP providers by disclosed buyers.
The most-disclosed PSP alternatives to NMI are Stripe (783 buyers), Adyen (278 buyers), PayPal (153 buyers), Checkout.com (113 buyers), Worldpay (89 buyers) and Mollie (64 buyers).
NMI is founded in 2000 and headquartered in Roselle, Illinois, United States.
NMI has raised $1.5M in total.
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