
What smart money is saying about i3 Verticals
3 funds in our archive have pitched i3 Verticals — most recently Heartland Advisors Heartland Value Fund in June 2026.
i3 Verticals, Inc. (IIIV) delivers comprehensive payment and software solutions, catering to the operational needs of small and medium-sized businesses, as well as various organizations within the education, non-profit, public sector, and healthcare industries across the United States. The company's operations are divided into two primary divisions: Merchant Services, and Proprietary Software and Payments. Through its offerings, i3 Verticals enables clients to seamlessly accept electronic payments. This critical service facilitates the secure and efficient exchange of funds and transaction data among clients, financial institutions, and diverse payment networks. Beyond payment processing, the firm also licenses its proprietary software, provides ongoing technical support, and supplies other solutions integral to point-of-sale operations. Its solutions reach customers via a multi-faceted approach, including a direct sales team, various distribution partners (such as independent software vendors, value-added resellers, and independent sales organizations), and referral channels comprising financial institutions, trade associations, chambers of commerce, and card issuers. Established in 2012, i3 Verticals maintains its headquarters in Nashville, Tennessee.
Position history
Every position in i3 Verticals on record in the archive was reported in Q2 2026, across 3 fund letters, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 0 | 3 |
Fund activity · 3 positions
- HoldsHeartland Advisors Value StrategyJune 2026
Listed in Heartland Advisors Value Strategy’s reported holdings.
Read the letteri3 Verticals - HoldsHeartland Advisors Heartland Value FundJune 2026
“Case in point: i3 Verticals (IIIV) , which makes enterprise software for the public sector, including school payment systems.”
Read the letteri3 Verticals - HoldsHeartland Advisors Small Cap Value StrategyJune 2026
Listed in Heartland Advisors Small Cap Value Strategy’s reported holdings.
Read the letteri3 Verticals
Fund coverage · 3 theses
- Heartland Advisors Heartland Value FundJune 2026
i3 Verticals provides public-sector enterprise software, with durable workflow relationships, AI as a potential benefit, recurring revenue growth, margin expansion, and an undemanding valuation.
Read the full thesis - Heartland Advisors Small Cap Value StrategyJune 2026
i3 Verticals provides public-sector enterprise software with embedded relationships, data and domain expertise, and potential for earnings acceleration, margin expansion, and strategic value at a discounted valuation.
Read the full thesis - Heartland Advisors Value StrategyJune 2026
i3 Verticals provides public-sector enterprise software with sticky workflows, data and domain expertise advantages, improving earnings and margins, and a discounted valuation that could attract a strategic buyer.
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