Nexus Systems was founded in 2000 by husband-and-wife team Tom and Jennifer Coolidge. From the start, Nexus was customer-focused and dedicated to helping companies with high-volume AP functions improve operational efficiency, manage cashflow and lower processing costs.
In 2016, Mainsail Partners invested $28M in Nexus. Over the subsequent five years, Nexus and Mainsail built out the executive team, struck new strategic partnerships, enhanced operations and customer experience, and optimized the company’s go-to-market strategy.
Additionally, Mainsail helped the company launch an innovative digital payments platform and develop a marketplace to facilitate electronic payments between vendors and property managers. Mainsail recruited former Mainsail portfolio company executive, Julio Palacio, as the CPTO to lead the build of a scalable version of the platform. Within two years the payments engine helped to accelerate the growth of the company.