The Business Operating System for independent commerce.
One connected merchant relationship. Software, commerce, private AI, demand generation and embedded payments—built to help independent retailers grow, operate and transact.
Confidential discussion draft · Based on the September 2026 memorandum
Not another POS. The merchant's operating relationship.
Independent retailers manage disconnected systems for checkout, inventory, e-commerce, marketing, reporting and payments. NX is designed to become their Single Source of Truth (SSOT), with specialized services integrated into one cohesive Business Operating System.
GROW
Websites, e-commerce, Shopify integration, Google Merchant Center, local inventory visibility, SEO and customer acquisition—driving both in-store visits and online sales.
OPERATE
NXPOS, inventory, purchasing, fulfillment, customers, reporting, NXAI and connected retail operations—all working from a common business record.
TRANSACT
NX-PAY embeds eligible merchant payment processing into the operating platform, adding potential transaction-linked recurring economics.
Multiple revenue streams. One merchant relationship.
NX SaaS
Recurring platform subscriptions from active merchant locations and modules.
NX-PAY
Recurring net payment residuals on eligible merchant transaction volume.
Growth & services
Implementation, migration, training, demand-generation services, WebShop and network opportunities.
A measured land-and-expand motion
Meet merchants where they are
Establish NX as the SSOT
Activate eligible NX-PAY volume
Add services, modules and partners
Move suitable commerce to native WebShop
Distribution is intended to combine existing retail relationships, direct specialty-retail selling, payment referrals, certified NX Business Partners and supplier-led network opportunities.
$500,000 to build the operating company around the platform.
Illustrative allocation from management's September 2026 memorandum; final amounts are subject to contracts, staffing plans and diligence.
| Allocation | Amount | Purpose |
|---|---|---|
| Product & engineering stabilization | $135,000 | Developer obligations, engineering capacity, releases and documentation |
| Sales & marketing | $110,000 | Acquisition, partner enablement and measured campaigns |
| Customer success / help desk | $85,000 | Support operations, ticketing, SLAs and knowledge base |
| Implementation & operations staffing | $70,000 | Onboarding, migration, training and coordination |
| Facilities / admin / compliance | $35,000 | Operating infrastructure, accounting, legal and insurance |
| Working-capital reserve | $65,000 | Operating cushion and rollout variability |
| Total | $500,000 | Growth working capital |
Two potential recurring-revenue assets at 100 locations.
The following are management modeling assumptions—not historical results, a forecast, or guaranteed economics.
100 × $350/month × 12
$96M GMV × 45 bps
$80K / month
Assumed average processing volume per location.
$96M / year
Modeled gross merchant payment volume across 100 locations.
45 bps
Assumed payment economics net to NX, requiring validation after all splits and costs.
Capital translated into operating proof.
Stabilize
Engineering capacity, developer obligations, release cadence, help desk, onboarding process and KPI dashboard.
Validate
Increase live merchants, measure payment attachment, sales conversion, support demand and partner-sourced wins.
Standardize
Repeatable implementations, partner certification, Shopify bridge and WebShop/Builder readiness.
Demonstrate
Pursue 100 active locations; prepare financials, merchant cohorts, contracts and an investor-quality data room.
Build a durable asset. Preserve multiple paths.
The memorandum discusses an 18–36 month liquidity-planning horizon, not a promised exit date. Potential paths include strategic software/payments acquisition, residual monetization, PE recapitalization, private secondary, cash-flow financing or continued independent growth.
Illustrative valuation framework at 100 locations
| Component | Illustrative range |
|---|---|
| SaaS: 2.0×–3.5× $420K ARR | $0.84M–$1.47M |
| Residual: 28×–46× $36K monthly | $1.01M–$1.66M |
| Simple sum of parts | $1.85M–$3.13M |
Risk reduction is the investment case
Fund professional support and implementation, reduce founder and developer concentration, establish disciplined release management, validate partner conversion, document processor rights and create diligence-ready recurring-revenue reporting.
From founder-led product build to repeatable merchant platform.
CoNXnus seeks approximately $500,000 to strengthen engineering, merchant support and distribution—and to demonstrate that NX can acquire, onboard, retain and monetize independent retailers at scale.
Financing instrument, valuation, investor rights, dilution and liquidity terms remain subject to negotiation and qualified securities counsel.