NMI, a provider of embedded payments infrastructure, announced the acquisition of Fee Navigator, an AI-powered pricing intelligence platform for payments companies. Financial terms of the transaction were not disclosed.
The acquisition expands NMI’s artificial intelligence capabilities by adding pricing intelligence tools designed for independent sales organizations (ISOs), ISO agents, independent software vendors (ISVs), and other payments partners. Fee Navigator’s technology analyzes merchant statements and recommends optimized pricing strategies based on partner-defined goals and risk tolerance levels, helping organizations improve merchant acquisition, portfolio performance, and profitability.
The deal follows NMI’s recent acquisition of Dwolla, which broadened the company’s platform capabilities into account-to-account payments, real-time payments, and payouts. Together, the acquisitions support NMI’s strategy of providing ISOs, ISVs, banks, and other partners with a comprehensive platform for managing payments, moving money, and optimizing business performance through AI-driven technology.
According to the company, merchant pricing has become increasingly important as payment processing costs continue to rise. NMI cited data from the Nilson Report indicating that U.S. merchants paid a record $198 billion in processing fees to accept credit, debit, and prepaid cards in 2025. By integrating Fee Navigator’s technology into its platform, NMI aims to help partners make faster and more informed pricing decisions, improve deal conversion rates, and strengthen merchant economics.
Fee Navigator’s platform evaluates merchant statements and recommends pricing structures based on objectives such as margin targets, preferred pricing models, and sales parameters. The technology is designed to help sales teams generate more consistent quotes, reduce margin erosion, and improve decision-making during merchant acquisition efforts.
NMI said the acquisition also strengthens its competitive position by equipping channel partners with AI-powered decision support tools in a payments market increasingly influenced by large direct-to-merchant platforms and self-service offerings. The company believes the added capabilities will help partners operate more efficiently while continuing to provide personalized merchant support and expertise.
NMI processes nearly $700 billion in annual payment volume and serves SaaS platforms, ISOs, PayFacs, banks, and fintech companies through its white-label payments infrastructure.
KEY QUOTES:
“Fee Navigator is a natural next step in our strategy to build the most robust, white-label, embedded payments platform for our channel and enterprise partners. With Dwolla, we expanded the ways our partners can move money. With Fee Navigator, we are adding AI-powered intelligence that helps them price, optimize and grow their business more effectively. It is another step in helping our partners modernize, operate more efficiently and deliver stronger merchant solutions and support. Merchant pricing is one of the most important and complex parts of payments, and this acquisition gives our partners smarter tools to quote with confidence, protect margin and turn payments into a greater commercial advantage.”
Steve Pinado, CEO, NMI
“Merchant pricing has always been one of the hardest parts of payments to get right. Fee Navigator was built to make that process faster, smarter and more consistent. It is the missing piece for an agent-ready, automated process in the future. We’re thrilled to be joining NMI, where we can bring our AI-powered pricing intelligence to a much broader ecosystem of ISOs, ISVs, PayFacs and payments professionals, helping them price new opportunities more confidently and optimize performance across their existing merchant portfolios.”
Adrian Talapan, CEO, CTO And Co-Founder, Fee Navigator
