Congratulations to Womble Bond Dickinson client Agreement Express, Inc. The Canadian company, a portfolio company of Frontier Growth, recently sold its payment solutions platform to NMI and its wealth management technology assets to Advisor360° in separate transactions.

WBD Partners D. Scott Anderson and Patrick Strubbe led the U.S. legal effort on behalf of the client. A multidisciplinary team involving attorneys Patrick Allen, Tara Cho, Andy Coburn, Matt Homan, Jane Jeffries Jones, Afzal Karim, Jim Kearney, Yohana Mihreteab, Josh Rifkin, Mike Tobin, and Mark Wiley also provided counsel in these complex, cross-border transactions.  Blakes Cassells & Graydon worked alongside the WBD team as co-counsel for Agreement Express on the Canadian aspects of the transactions. Both transactions closed in the fourth quarter of 2022.

In a statement, Agreement Express CEO Dave O’Brien said, “Coming together with NMI was a natural fit and creates added value through a new distribution channel to not only our joint partners, but also the broader market. As the payments landscape continues to evolve, companies are looking for new ways to scale with modular solutions and bringing together our solutions provides even more freedom of choice.”

O’Brien also said of the Advisor360° deal, “We’re thrilled that this business is now a part of one of the wealth management industry’s largest providers of integrated technology solutions. Like Advisor360°, we appreciate that the best technology offers flexibility and choice, streamlining processes to help firms grow.”

Agreement Express is a SaaS solution that allows payments firms to provide a unique, seamless and secure underwriting and onboarding experience for clients and partners — all of which results in increased levels of merchant acquisition and brand loyalty. The platform includes a proprietary risk scorecard that allows payfacs, acquirers and ISOs to assess merchant risk and underwrite merchant applications automatically and in a matter of minutes. This means that customers are able to acquire a higher volume of the merchants in a shorter amount of time. The platform also allows their clients’ customers to set up accounts and onboard merchants quickly and digitally.