Corvia Adds REPAY as Processing Partner

AUSTIN, Texas–(BUSINESS WIRE)–Corvia, Inc., a fintech company focused on making the complex simple by complementing world-class technology with strong business and regulatory acumen, announced today it has added Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, as its newest payment processing partner. The relationship will provide additional fuel for Corvia’s aggressive growth trajectory by enhancing merchant and partner servicing and support in traditional retail and specialty e-commerce business segments.

“Adding REPAY as a processing partner gives us the flexibility to deliver more advanced solutions while optimizing both the partner and merchant experience,” said Corvia CEO Chad Anselmo. “We look forward to a productive, long-lasting relationship with REPAY.”

REPAY’s proprietary clearing and settlement platform offers fully customizable programs that deliver more autonomy and greater payment flexibility than traditional large acquirer programs. Its clearing and settlement solution is supported by high-touch service, a powerful payments engine, and intuitive reporting software designed to ensure on-time and accurate transaction processing.

“We look forward to working with Corvia to customize a clearing and settlement solution that will enable them to scale their operations and better serve their customers through enhanced payment experiences and a robust reporting platform,” said REPAY President Shaler Alias.

“Executing our strategic plans is top priority,” said Tedd Huff, head of corporate strategy for Corvia. “Adding REPAY as a processing partner strengthens our payments offering as we remain laser-focused on aggressive growth.”

About Corvia, Inc.

Corvia delivers safe, affordable, and reliable access to payments through an advanced risk ecosystem, a service-focused approach to enable success, strategic partnerships that enhance impact and inspire growth with a culture centered on community integrity and accountability. Corvia is a registered ISO of Fifth Third Bank N.A., Cincinnati, Ohio, Wells Fargo Bank, N.A. Concord, California, Cross River Bank, Fort Lee, New Jersey and MVB Bank, Fairmont, West Virginia. The company is a privately held, fast-growing fintech headquartered in Austin, Texas. For more information, please visit corviapay.com.

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 clients, while enhancing the overall experience for consumers and businesses.

Media Contacts

Peggy Bekavac Olson
Strategic Marketing for Corvia Payments
(480) 510-8120
corvia@smktg.com

Kristen Hoyman
Vice President of Marketing
REPAY
(404) 637-1665
khoyman@repay.com

Investor Relations Contact for REPAY
repayIR@icrinc.com

REPAY Named in Inc.’s First-Annual Best-Led Companies

A first-ever roundup of companies that proved management excellence across the middle market

Inc. has announced its first annual Best-Led Companies list, an exciting 12-point measure of management excellence across the middle market — a select, data-driven list of the very strongest U.S. firms with revenue of $50 million to $2 billion. This novel program is the first Inc. recognition list to honor both public and private companies, and we are proud to announce that REPAY will be listed among them.

The final list recognizes 250 companies that are agile enough to maneuver around obstacles, such as those we have all faced over the last two years, but also big enough to have a broad impact on the industries they serve. These companies employ 35 million people, about one of four U.S. workers. All 250 have a successful track record with leadership teams that spur solid performance, create value, penetrate markets, engage with customers, and truly make a difference in their respective industries. 

To be considered for the list, each company had to fill out an application answering questions about its performance, executive team, and leadership. Applicants were then analyzed via an algorithm that identified the very best companies according to their leadership teams’ superlative accomplishments in four key areas: performance and value creation; market penetration and customer engagement; talent; and leadership team. It came as no surprise that REPAY met and exceeded these high standards set by the Inc. reviewal team. 

“This inaugural list of companies represents the remarkable midsized companies, both public and private, often founder-led, that are at the vanguard of reinventing American business,” says Scott Omelianuk, editor-in-chief of Inc. magazine. “With their leadership, all business will benefit from an exciting, competitive future full of possibilities.” 

 REPAY CEO John Morris stated, “Over the last few years, REPAY has made significant strides to further improve the quality and efficiency of our products. We’ve done this through multiple strategic acquisitions, investments in new talent, and an ever-evolving philosophy that we can always make something better for our customers. This year, we took that message to heart by investing resources to expand our services and offer our partners and customers more robust solutions for their payment needs. As we look to 2022, we plan to continue to grow and leverage our proprietary technology and expertise to deliver powerful payment solutions to the industries we serve.”

To compile the list, Inc. evaluated private and public U.S.-based companies with a 2020 revenue of $50 million to $2 billion or a valuation of $50 million to $10 billion using a proprietary 12-point measure of management excellence generated with input from partners at Pitchbook and Shango Labs.

To see the complete list, go to: https://www.inc.com/best-led-companies/2021

The November issue of Inc. magazine is available online now at https://www.inc.com/magazine and will be on newsstands beginning November 9, 2021.

About Inc.

The world’s most trusted business-media brand, Inc., offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 allows the founders of the best businesses to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

REPAY Completes Acquisition of BillingTree

Company Posted Webcast to Review the Transaction on Investor Relations Section of REPAY.com 

ATLANTA–(BUSINESS WIRE)–Jun. 15, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced it has completed the previously announced acquisition of BillingTree for a total purchase of approximately $503 million, consisting of approximately $275 million in cash from REPAY’s balance sheet at closing and approximately 10 million shares of newly issued REPAY Class A common stock to the seller, an affiliate of Parthenon Capital, representing approximately 10% of the voting power of REPAY’s outstanding shares of common stock.

“We are thrilled to announce the completion of the BillingTree acquisition, our largest to date, and look forward to expanding our position in Healthcare, Credit Unions, and Accounts Receivable Management with the help of BillingTree’s team and strong platform capabilities,” said John Morris, CEO of REPAY.

BillingTree, founded in 2003 and headquartered in Scottsdale, AZ, is a leading provider of omni-channel, integrated payments solutions to the Healthcare, Credit Union, Accounts Receivable Management (ARM), and Energy industries. Through its technology-enabled suite of products and services, including a variety of payment channels and reporting capabilities, BillingTree helps organizations get paid faster and more efficiently.

REPAY posted a webcast and presentation to review the transaction on the investor relations section of the Company’s website, found here – investors.repay.com.

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 future financial and operating results, REPAY’s plans, objectives, expectations and intentions with respect to future operations, market position, products and services; and other statements identified by words such as “is expected to,” “is anticipated,” “estimated,” “believe,” “projection” or words of similar meaning. These forward-looking statements include: anticipated benefits from the BillingTree acquisition and statements regarding market and growth opportunities. Such forward-looking statements are based upon the current beliefs and expectations of REPAY’s 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.

In addition to factors disclosed in REPAY’s reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2020, as amended, 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: any inability to integrate and/or realize the benefits of the BillingTree acquisition, including expected synergies, as well as any disruption to REPAY’s or BillingTree’s relationships with financial institutions, customers, employee or other business partners; changes in the payment processing market in which REPAY and BillingTree compete, including with respect to the applicable competitive landscape, technology evolution or regulatory changes; changes in the vertical markets that REPAY and/or BillingTree target, including the regulatory environment applicable to those customers; risks relating to REPAY’s and BillingTree’s relationships within the payment ecosystem; and risks relating to data security.

Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. 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 REPAY disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding REPAY’s industry and end markets are based on sources it believes to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

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

CFO Thought Leader: Unlocking Capital for Growth

REPAY’s Chief Financial Officer, Tim Murphy, was recently featured on the CFO Thought Leader Podcast.

Throughout the 40 minute podcast, Tim shares insights into how and why REPAY began, the end markets we currently serve, and the recent growth we’ve experienced.

Listen to the full segment here.

692: Unlocking Capital for Growth | Tim Murphy, CFO, REPAY

In 2008, as the subprime mortgage crisis began turning the Street’s brash dealmakers into a squeamish clan of risk-averse bankers, Tim Murphy, an associate at Credit Suisse, decided that it was time to try some slots. Lots of them.

“I took a gamble in the casino space—it was probably one of the best decisions that I have made in my career and one the best decisions that we have made as a family,” explains the finance leader, who accepted a director of finance position with Cadillac Jack, a fast-growing slot machine manufacturing company based in Georgia.

At the time, Murphy’s wife (the couple had met at business school) was working for The Coca-Cola Company in Atlanta, a factor that the finance executive says helped to hedge his bet.

“I had opportunities to join investment banks in Atlanta and other large organizations, but we made a conscious decision that given the fact that she had a job at a very large and stable company, I could take a gamble with mine,” says Murphy.

Also influencing Murphy’s decision was the understanding that he would be reporting directly to the CEO, a former investment banker whom Murphy characterizes as a “hard charger.”

Besides helping Cadillac Jack to navigate gaming’s unique compliance highway, Murphy focused on finding ways to grow the business and make it more profitable.

“In about 3 years, we got to the point where we were comfortable with the business and began looking for an exit,” recalls Murphy, who began initiating discussions with potential buyers and lending partners.

Ultimately, Cadillac Jack was sold to Canadian gaming company Amaya for $167 million.

“It was just great experience for me in leading up to becoming a CFO,” says Murphy, who would join Amaya as director of corporate development, where for roughly a year he scouted out new purchases and divestitures for the publicly held firm before entering the CFO office of Atlanta-based REPAY, a publicly traded payment processing company.

“I joined REPAY in January 2014 just after the firm had taken in its first institutional private equity capital—prior to that, it had used really just family and friends’ capital,” continues Murphy, who over the past 7 years has helped the firm to unlock both private and public investment capital as it uncovered new avenues for growth.

Among REPAY’s transaction milestones was the sale of a controlling interest in the company to Corsair Capital in 2016 and a subsequent public offering executed via a SPAC business combination.

“Corsair was able to get a lot of liquidity at the closing of the business combination with the SPAC, and they have since fully exited the business at a much higher stock price than what it was when they entered,” notes Murphy, who adds that to date REPAY has leveraged its access to the public markets to help execute five acquisitions, helping the firm to expand into a number of new verticals.  –Jack Sweeney, CFO Thought Leader

 

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 Acquire B2B Payments and Accounts Payable Automation Provider CPS Payment Services

CPS Payment Services

Acquisition to Add Significant Scale to REPAY’s Accounts Payable Automation Business, Enhance Existing Healthcare B2B Business and Accelerate Expansion into New Verticals

ATLANTA–(BUSINESS WIRE)–Oct. 27, 2020– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced it has signed a definitive agreement to acquire CPS Payment Services (“CPS”) for up to $93 million, of which $78 million will be paid at closing. The acquisition will be financed with cash on hand. The transaction is expected to close in the fourth quarter of 2020, subject to certain customary closing conditions.

CPS, founded in 2011 and headquartered in Atlanta, GA, is a B2B payments and accounts payable (“AP”) automation technology provider that facilitates the issuance, execution, and reconciliation of virtual card, enhanced ACH, ACH, and check payments through an integrated software platform. CPS’s offering is highlighted by its proprietary AP automation software, the CPS Payment Portal, which provides purpose-built, highly configurable workflow management and automation across the entire B2B payments lifecycle from ERP integration to payment execution and reconciliation. CPS has developed a proprietary database of over 20,000 virtual card and enhanced ACH accepting suppliers and serves an expanding base of over 160 enterprise clients across various sectors, with deepest representation in healthcare, education, government, media, and hospitality.

“There continues to be increased demand for comprehensive, technology-first B2B automation and payment solutions, as enterprise customers look to reduce costs and operate more efficiently in an increasingly digital environment. With their expanding sales channels, proprietary payment portal, integration capabilities and growing client base, CPS will substantially enhance REPAY’s comprehensive B2B offering. This acquisition will bring us the opportunity to introduce REPAY’s solutions to new verticals, including education, government, and media sectors,” said John Morris, CEO of REPAY. “We are looking forward to welcoming the CPS team into the REPAY family and pursuing some amazing growth opportunities ahead.”

“We are excited to work with such a proven industry leader to capitalize on the growing demand for AP automation solutions. The rapid growth of our business combined with REPAY’s extensive resources, expanding suite of solutions, and proven success in scaling operations puts us in a great position to establish a true industry powerhouse in B2B payments. We are looking forward to working together to offer a more robust solution for our existing and future clients,” said Wade Eckman, President and CEO of CPS.

Transaction Details

  • REPAY will acquire CPS for up to $93 million
    • $78 million will be paid in cash at closing
    • Up to $15 million may become payable through two separate earnouts, which are dependent upon CPS’s performance over various periods through December 31, 2022
  • The acquisition will be financed with cash on hand
  • Net leverage is expected to approximate 2.2x1 on a post-transaction basis
  • In 2020, CPS is expected to generate net revenue of over $10 million, with gross and adjusted EBITDA margins of approximately 70% and 40%2, respectively

Strategic Rationale

  • Immediate Scale and Diversification
    • CPS serves 160+ enterprise clients across multiple attractive end-markets with strong gross and net volume retention
    • CPS’s solutions are integrated with over 25 ERP and accounting software platforms
    • The acquisition will bring REPAY into new verticals, including education, government, and media, and enhances REPAY’s existing healthcare B2B business
    • The acquisition is expected to increase REPAY’s total B2B payment volume to over $4 billion and expand REPAY’s virtual card and enhanced ACH accepting supplier network to over 50,000
  • Enhances B2B Offering
    • This acquisition will strengthen REPAY’s existing AP automation business
    • CPS automates the dynamic issuance, execution, and reconciliation of supplier payables through its highly configurable and integrated technology platform, ongoing supplier enablement efforts, and best-in-class client services
    • CPS’s Payment Portal provides an end-to-end AP payments disbursement system that enables ERP / accounting system integration and workflow automation across the entire B2B payments lifecycle
    • CPS has the opportunity to unlock significant growth potential by cross-selling its new TotalPay solution to capture greater wallet share across its existing base
      • With the roll-out of TotalPay, CPS will be able to manage check and ACH payments across its entire client base, and have the opportunity to convert additional spend into fee-based electronic payments (enhanced ACH or virtual card)
    • There is a significant opportunity to accelerate future growth with CPS through the continued roll-out of its TotalPay solution and by harvesting recently signed referral partnerships and financial institution relationships
  • Sizeable and Growing Addressable Market
    • CPS’s existing healthcare, education, government, media, and hospitality ERP integrations present CPS with an estimated payment volume opportunity of $880 billion
    • CPS, as well as REPAY’s existing B2B business, has experienced favorable trends as a result of the COVID-19 pandemic, which has accelerated a broader paper-to-digital transition within B2B automation and payments
    • The acquisition is anticipated to further advance REPAY’s position in the $25 trillion U.S. B2B payments market

Advisors

William Blair acted as exclusive financial advisor and Alston & Bird served as legal counsel to CPS in connection with the transaction. Troutman Pepper served as legal counsel to REPAY in connection with transaction.

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 future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, sales opportunities and growth, products and services; 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 the expected impact of the COVID-19 pandemic, REPAY’s industry and market sizes, anticipated benefits from, and the expected timing for completion of the CPS acquisition, future opportunities for REPAY, including CPS, as well as the level of CPS’s growth and financial contributions. 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); a delay or failure to complete, integrate and/or realize the benefits of the CPS acquisition and any difficulties associated with marketing products and services in the AP automation market to REPAY’s existing B2B customers; 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 projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. 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. Forecasts and estimates regarding REPAY’s industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

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.


1Calculated based on the estimated twelve months ending December 31, 2020 pro forma Adjusted EBITDA of REPAY, Ventanex, cPayPlus, and CPS on a combined basis, after giving effect to cash from the primary offering and warrant exercises, less the $78 million upfront purchase price.

2 Includes certain cost synergies and pro forma adjustments.

Investor Relations for REPAY:
repayIR@icrinc.com

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

Source: Repay Holdings Corporation

REPAY and TurnKey Lender Host Webinar on Digital Transformation

The Digital Lending Journey Webinar Details

REPAY and TurnKey Lender hosted a webinar on The Digital Lending Journey and the Pursuit of Digital Transformation During COVID-19 and Beyond on May 14, 2020. The webinar features Susan Perlmutter, Chief Revenue Officer of REPAY, a leading provider of vertically integrated payment solutions, and Elena Ionenko, Co-Founder of TurnKey Lender, a cloud-based lending software for borrower evaluation, decision-making support, and end-to-end automation of the digital lending process.

The discussion explores:

  • The automation of the loan application and origination processes
  • Improving lending decision making
  • How lenders can digitally accept loan repayments and fund loans 24/7
  • Ways in which lending technology software can help the economy rebuild

Both leaders also address communication options, the lending landscape, borrower and consumer preferences, and the benefits of digital transformation in the times of COVID-19.

View the webinar here.

REPAY Recognized as an Approved Vendor by the Canadian Lenders Association

Canadian Lenders Association Approved Vendor Badge

REPAY is thrilled to announce it has been recognized as an approved vendor for the Canadian Lenders Association, the largest Canadian association supporting national lending via cutting-edge technology and business practices.

The Canadian Lenders Association (CLA) advocates for Canadian lenders, encourages safe and innovative lending practices, and promotes overall transparency in the industry. The CLA approved vendor list is an effort to connect lenders with reputable companies who support and foster innovation and growth within the lending industry.  The companies who have been honored with this distinction are considered by CLA to be the best in class vendors for Canadian lenders.

REPAY announced its expansion into the Canadian personal loans and automotive loans markets in April 2019. With REPAY’s integrated payment processing technology, lenders and finance companies can accept payments in real-time, reducing the complexity of electronic payments for merchants while enhancing the consumers’ overall experience. REPAY’s proprietary platform easily integrates with clients’ enterprise management systems and enables lenders to accept credit and debit card and EFT/ACH payments anytime, anywhere via consumer-facing payment portals, including online web portals, text pay, IVR/phone pay, and the REPAY mobile app. With REPAY Instant Funding, lenders can immediately push funds to borrowers’ eligible debit and prepaid cards, enabling Canadian lenders to offer a fully digital funding and repayment experience.