i3 Verticals, Inc.

i3 Verticals, Inc. (IIIV) is a US-based provider of vertical-specific software and payment processing services, serving sectors such as healthcare, education, public sector and financial institutions. The business combines subscription software, transaction processing fees and professional services, which can support recurring revenue and cross-selling opportunities. Growth has been largely acquisitive, helping expand product breadth and client reach, but bringing integration and leverage considerations. With a market capitalisation of roughly $999 million, IIIV sits in the small-cap space and can show greater volatility than larger peers. Key investor considerations include revenue mix between software and payments, margin trends as scale and integrations settle, competitive pressure from larger payment processors, and regulatory and cyber-security risks inherent to handling payments. This overview is educational and not personal financial advice; values can fall as well as rise and returns are not guaranteed — check latest filings and consider suitability for your situation.