REPAY Announces Strategic Partnership With Protego Technologies

Protego Technologies Logo

Partnership provides REPAY with access to Ireland-based software development professionals, accelerating the creation of innovative payment solutions for clients in the North American market

ATLANTA–(BUSINESS WIRE)–Feb. 26, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a strategic partnership with Protego Technologies Limited, an Ireland-based consultancy that helps extend technology departments and developer teams with specialized talent and project management. The new partnership is projected to create 60 new jobs initially in Ireland.

As an exclusive provider to REPAY, Protego will identify, recruit, and manage emerging technology talent to supplement REPAY’s software development team and capabilities. This strategic approach aims to enable REPAY to affordably increase its development capacity, embark on innovative technology initiatives, and continue to enhance core product offerings to swiftly meet the growing demand for digitization of payment experiences. The software architecture and development teams will provide REPAY with the opportunity to access additional resources and talent in new markets, including Ireland and the European Union – both globally recognized for their history of providing talented and skilled architects and developers, especially within fintech and financial services.

“We are excited to be partnering with Protego, who is well recognized for helping build exceptional development teams across the financial services industry. Protego’s approach to development and project management firmly aligns with our business initiatives and growth plans to meet the increased demand to deliver trusted, innovative payment solutions for the North American market,” said Jason Kirk, Chief Technology Officer, REPAY. “This partnership to supplement our software development capabilities further fortifies our commitment to drive innovation and facilitate optimal payment experiences.”

Paul O’Dwyer, Managing Director, Protego Technologies Limited said, “We are delighted to have this opportunity to collaborate with REPAY, one of the most progressive and innovative payment solutions providers in the market. This is a significant strategic step for us that will entail an initial recruitment of 60 skilled software development professionals, where our location in Ireland gives us access to one of the deepest pools of IT talent anywhere in the world. We look forward to working with REPAY to further advance their solutions for their clients and the firm’s technology and development expertise to deliver exceptional services.”

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.

About Protego

Protego specializes in providing expertise to technology organizations, working with startups and established businesses, including leading US financial services companies, to build and rapidly grow software development teams in Ireland, supporting the design, build, and delivery of high-volume real-time services and solutions.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com

Source: REPAY

REPAY Strengthens B2B Healthcare Payments Offering with Virtual Benefits Administrator Partnership

Two-way integration with REPAY’s payment platform to enhance payment processing and funds disbursements for health plans and benefits administrators

ATLANTA–(BUSINESS WIRE)–Feb. 26, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a technology integration with Virtual Benefits Administrator (VBA), a leading-edge software design company revolutionizing the insurance industry through employee benefit administration solutions.

The two-way integration between the platforms will enable insurance companies to pay healthcare providers, including licensed healthcare facilities, programs, agencies, and doctors, for services rendered directly from the VBA system. Furthermore, REPAY’s innovative healthcare payment platform enables benefits administrators to collect premiums or other out-of-pocket expenses incurred by members and automatically updates the VBA system. The seamless integration adds transparency and efficiency to the insurance claim process, increasing the ease and speed at which payments are made and removing long delays often associated with the insurance claim process.

REPAY’s integrated payment platform gives Third Party Administrators (TPAs) total visibility into claims payments from initiation to settlement. Regardless of payment type, users have access to complete reconciliation and tracking from a single portal, eliminating the need to juggle multiple vendors and manage different systems. Payment information, Explanation of Benefits (EOBs), and Explanation of Payment (EOPs) are all integrated with the VBA claims administration system.

“Several technologies and innovations have come to market, helping to streamline payment processes across the banking and financial industry. Healthcare is in a unique position and primed to follow suit,” said Darin Horrocks, Senior Vice President, B2B, at REPAY. “Administrators, providers, and insurers continue to seek new ways to facilitate electronic funding, integrate solutions, and create a transparent, secure, and seamless experience for all parties involved. We look forward to helping VBA identify new use cases within the healthcare ecosystem to eliminate friction in the disbursement and paperwork process and enhance the overall experience.”

“REPAY’s payment technology is an important enhancement for VBASoftware that will provide more visibility into the payment and disbursement process between payers and providers,” said Jessica Lockhart, Vice President, Enterprise Solutions, VBA. “Clients with this enhancement will enjoy increased efficiency thanks to the elimination of lengthy multi-step legacy processes and improved payer-provider relationships.”

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.

About VBA

Virtual Benefits Administrator (VBA) is a proactive, leading edge software design company providing custom solutions to the insurance industry for nearly 20 years. Uniquely delivered on a secure, cloud-based architecture, VBA provides one-common architecture for all Employee Benefit Administration. Our software development process focuses on continuous improvement to address the requirements of the ever-changing healthcare industry. This empowers our clients to focus on business strategy and growth while streamlining their operations.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20210226005063/en/

Investor Relations Contact for REPAY:

repayIR@icrinc.com

Media Relations Contact for REPAY:

Kristen Hoyman

khoyman@repay.com

Source: Repay Holdings Corporation

 

REPAY to Present at the Morgan Stanley Technology, Media and Telecom Conference

ATLANTA–(BUSINESS WIRE)–Feb. 18, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced that John Morris, Co-Founder and CEO, and Tim Murphy, CFO, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on Thursday, March 4, 2021 at 8:45am ET.

The fireside chat will be webcast live from the Company’s investor relations website at https://investors.repay.com/ under the “Events” section. An archive of the webcast will be available at the same location on the website for 90 days.

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

Media Relations Contact for REPAY:
Kristen Hoyman
(404) 637-1665
khoyman@repay.com

Source: Repay Holdings Corporation

REPAY to Announce Fourth Quarter and Full Year 2020 Results on March 1, 2021

ATLANTA–(BUSINESS WIRE)–Feb. 18, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today announced that the Company will host a conference call to discuss fourth quarter and full year 2020 financial results on Monday, March 1, 2021 at 5:00pm ET. Hosting the call will be John Morris, CEO, and Tim Murphy, CFO. A press release with fourth quarter and full year 2020 financial results will be issued after the market closes that same day.

The conference call will be webcast live from the Company’s investor relations website at https://investors.repay.com/ under the “Events” section. The conference call can also be accessed live over the phone by dialing (877) 407-3982, or for international callers (201) 493-6780. A replay will be available two hours after the call and can be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the conference ID is 13716234. The replay will be available until Monday, March 8, 2021. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

Media Relations Contact for REPAY:
Kristen Hoyman
(404) 637-1665
khoyman@repay.com

Source: Repay Holdings Corporation

REPAY Expands B2B Payments Footprint with PN³ Solutions Partnership

New ISV integration enables businesses to automate sending of outbound vendor payments with choice of virtual card or ACH from within the procurement and accounts payable platform

ATLANTA–(BUSINESS WIRE)–Feb. 11, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a technology integration with PNSolutions, a paperless B2B accounts payable (AP) authorization and automation software provider. Through the partnership, PN3’s business customers will gain the ability to automate outbound payments through the use of virtual card or ACH to their vendors – adding seamless, fully integrated payments capabilities to its procurement and AP workstreams. In powering payments from within the PN3 platform, REPAY extends its industry footprint with a fully integrated payments solution for clients using various ERP systems, including Microsoft Dynamics 365, Microsoft Dynamics GP, Dynamics SL, Dynamics NAV, Sage Intacct, and Acumatica.

The PN3 Solutions platform is designed to link into existing financial systems, enabling businesses to rapidly implement and deploy electronic purchase and payment authorization workflows configured to adhere to specific AP policies and procedures. Now, the PN3 platform includes vendor payments powered by REPAY’s integrated payment processing solution, providing a seamless way to process payments, regardless of payment type, increasing transparency and accountability in the vendor payment process.

“Businesses of all sizes are seeking to integrate payment technology into their critical, day-to-day applications to reduce friction in their operations. REPAY has a long history of working with software providers to accomplish just that – extending the capabilities and value of their applications,” said Darin Horrocks, Senior Vice President, B2B, at REPAY. “We’re excited to help PN3 complete the accounts payable workstream by seamlessly incorporating an outbound payment option for users who rely on the platform to manage invoices and pay vendors on time with the method they prefer. The partnership will also allow us to realize synergies with our B2B receivables offering, as REPAY’s footprint now overlaps payables and receivables across key integrations, including Acumatica and Sage.”

“Procurement and accounts payable procedures touch virtually every department in most B2B organizations, so improved efficiencies can have an instant impact on the bottom line,” said Derrick Hicks, Managing Principal at PN3 Solutions. “With its long history and expertise in payments combined with a mature software integration program, REPAY was the perfect partner to build payments capability within our existing platform. In addition to improved overall AP management, our customers can also realize cost savings by reducing the time spent authorizing, facilitating and reconciling the payment for the goods and services required to run their organizations.”

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.

About PN3 Solutions

PN3 is a leading provider of cloud and on-premises based procure to pay and AP automation software for small to medium sized enterprises. For many years, small to medium sized enterprises have relied upon traditional paper-based purchasing and accounts payable processes. PN3 links into each customers’ existing financial systems enabling enterprises to digitize their processes improving process efficiency, visibility and internal controls. PN3 provides seamless integration with several of the leading ERPs by Microsoft and Sage.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com

Source: Repay Holdings Corporation

REPAY Announces Closing of $125 Million Revolving Credit Facility

ATLANTA–(BUSINESS WIRE)–Feb. 3, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”) today announced the closing of a new undrawn $125 million senior secured revolving credit facility.

“We are pleased with the successful completion of this credit facility, which, in addition to the available proceeds from our concurrent offerings last month of convertible notes and Class A common stock, positions us well for our future acquisition opportunities,” said John Morris, CEO of REPAY. “Our M&A pipeline remains very active, with many high growth targets in large verticals that are underserved from a payment perspective.”

The new revolving credit facility replaces the Company’s prior senior secured facilities, which included an undrawn $30 million revolving credit facility. The Company paid off all term loans outstanding under its prior credit agreement following the closing last month of its concurrent offerings of convertible notes and Class A common stock.

Truist Securities, Inc. acted as lead arranger, and Truist Bank will serve as the administrative agent for the new revolving credit facility.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the timing and terms of the offering and the proposed use of proceeds and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding future acquisition opportunities for REPAY. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

In addition to factors previously disclosed in prior reports filed with the U.S. Securities and Exchange Commission and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the impacts of the ongoing COVID-19 coronavirus pandemic and the actions taken to control or mitigate its spread (which impacts are highly uncertain and cannot be reasonably estimated or predicted at this time); changes in the payment processing market in which REPAY competes, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in the vertical markets that REPAY targets; risks relating to REPAY’s relationships within the payment ecosystem; the risk that REPAY may not be able to execute its growth strategies, including identifying and executing acquisitions; risks relating to data security; changes in accounting policies applicable to REPAY; and the risk that REPAY may not be able to develop and maintain effective internal controls.

Actual results, performance or achievements may differ materially, and potentially adversely, from any forward-looking statements and the assumptions on which those forward-looking statements are based. All information set forth herein speaks only as of the date hereof in the case of information about REPAY or the date of such information in the case of information from persons other than REPAY, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

Media Relations Contact for REPAY:
Kristen Hoyman
(404) 637-1665
khoyman@repay.com

Source: Repay Holdings Corporation