REPAY to Announce Second Quarter 2021 Results on August 9, 2021

ATLANTA–(BUSINESS WIRE)–Jul. 29, 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 second quarter 2021 financial results on Monday, August 9, 2021 at 5:00pm ET. Hosting the call will be John Morris, CEO, and Tim Murphy, CFO. A press release with second quarter 2021 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 13721211. The replay will be available until Monday, August 16, 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 Provides Integrated Payment Processing for Provana Customers

The integration automates processes and increases control of payment methods on Provana’s repayment platform

ATLANTA–(BUSINESS WIRE)–Jul. 29, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a technology integration with Provana, a leading platform for credit and collections process management. Through the integration, Provana customers can now leverage REPAY’s payment processing solution within IConnect247®, Provana’s all-in-one debt repayment and customer service application.

Provana offers products like compliance management systems, collection resolution apps, and business analytics dashboards, along with consulting and access to a global delivery model for small- and mid-sized firms. The integration with REPAY enables lenders and collection agencies to automate previously time-consuming and tedious processes, while supporting digital payment methods.

“Provana’s platform has been helping small- and mid-sized firms mitigate losses, recover revenue, and maximize profitability for over a decade,” said Susan Perlmutter, CRO of REPAY. “We’re looking forward to working with the Provana team to help automate their services to improve their customers’ performance and overall satisfaction.”

“Our partnership with REPAY gives our users greater control of the payment methods that can be used, while also providing the insights to help businesses make long-term decisions,” said Sean Clark, Senior Vice President of Platforms at Provana. “REPAY’s extensive knowledge and experience working in payment processing has already proved invaluable for our network of customers across the ARM industry.”

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 Provana

Provana is a SaaS platform that gives leaders control over process-intensive operations. We serve law firms, insurance companies, accounts receivable agencies and networked enterprises in the US market. Provana is built on decades of experience in machine learning and natural language processing and helps customers manage sensitive interactions, analyze unstructured data, process personal information and ensure compliance. Provana is backed by a NYC-based Fintech PE, most recently raising funds in November 2020. Learn more at www.provana.com.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

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

Source: Repay Holdings Corporation

REPAY Expands Acumatica Functionality to Offer Accounts Payable Automation

Vendor Payments Automation streamlines vendor payments and enables businesses to optimize workflows and simplify invoice payments

ATLANTA–(BUSINESS WIRE)–Jul. 13, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced the launch of its Vendor Payments Automation solution into Acumatica, a leading cloud ERP company, enabling small and midmarket organizations to streamline accounts payable processes, optimize internal workflows and securely pay vendors and suppliers.

Extending REPAY’s integration to include vendor payments automation will give Acumatica users access to a comprehensive vendor enablement solution with both AR and AP payment automation capabilities. Through streamlining outbound payments, businesses can seamlessly pay vendors with increased efficiency and transparency while saving time and boosting their bottom lines. Additionally, businesses using the integration can significantly reduce their exposure to fraud risks by customizing various controls and eliminating the need to provide sensitive credit card or bank account information to hundreds of vendors.

“With the expansion of accounts payable solutions to our existing integration with Acumatica, we continue our commitment to making transactions simpler for our customers, all while reducing costs and increasing revenue,” said Darin Horrocks, SVP, B2B, REPAY. “We’re looking forward to continuing to build our relationship with the Acumatica team as a sponsor of their annual Acumatica Summit.”

The Vendor Payments Automation solution supports creation and approval of payment groups and invoicing, along with automatic reconciliation and custom reporting within Acumatica.

REPAY is a premier sponsor of Acumatica Summit 2021 and will showcase its integrated AR and AP automation solutions at the event in Las Vegas, Nev. on July 18-23, 2021.

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
khoyman@repay.com

Source: Repay Holdings Corporation

REPAY Announces Partnership with Credit Management Company

Partnership continues REPAY’s healthcare expansion with full-service accounts receivable management solutions

ATLANTA–(BUSINESS WIRE)–Jul. 7, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, today announced a partnership with Credit Management Company (“CMC”), a full-service accounts receivable management (ARM) solutions provider for the healthcare market, to power frictionless payments for healthcare systems, providers and patients.

REPAY’s partnership with CMC is through BillingTree, a REPAY company and leading provider of omni-channel, integrated payments solutions to the Healthcare, Credit Union, ARM and Energy industries, and will provide CMC with an omni-channel payment platform to help healthcare systems and providers accept payments more efficiently.

BillingTree’s technology-enabled suite of products and services, including a variety of payment channels and reporting capabilities, helps organizations get paid faster and more efficiently.

“We are excited to partner with CMC to continue its leadership in the healthcare services market,” said Susan Perlmutter, Chief Revenue Officer of REPAY. “With 55 years of experience, CMC is the perfect ally in our efforts to accelerate digital payments in the healthcare industry.”

“With their impressive expertise in the ARM and healthcare industries and exemplary customer service, we are thrilled to cement our partnership with BillingTree,” said Joel McKiernan, CMC President.

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 BillingTree
BillingTree, a REPAY company, is a leading provider of integrated payments solutions to customers in the Healthcare, Credit Union, ARM and Energy verticals. Leveraging more than a decade of market experience, BillingTree is dedicated to growing payments with technology through an integrated omni-channel offering, suite of proprietary products and value-added services, and a company-wide focus on delivering extraordinary customer service.

About Credit Management Company
Headquartered in Pittsburgh, Pennsylvania, CMC’s clients reside in the healthcare, government, education, and consumer industry sectors. CMC’s customized outsourcing processes deliver solutions that will accelerate cash flow, lower operating expenses, reduce customer delinquency, and improve customer care and support. All of CMC’s vast client network has benefited from either their standard or customized outsourcing programs to improve their bottom line. CMC is proud of the partnerships they have cultivated over the years. CMC approaches each business relationship in a collaborative style, which always involves listening and responding to clients’ needs.

Investor Relations Contact for REPAY:
repayIR@icrinc.com

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

Source: Repay Holdings Corporation

REPAY Announces Agreement with Premier Inc.

Agreement will expand REPAY’s footprint within the healthcare industry by offering advanced accounts payable solutions to Premier members

ATLANTA–(BUSINESS WIRE)–Jun. 29, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, today announced a group purchasing agreement for advanced accounts payable solutions with Premier Inc., a leading healthcare improvement company.

REPAY’s agreement with Premier is through CPS Payment Services (“CPS”), a REPAY company and market leader in healthcare accounts payable (AP) virtual card disbursement services, and will provide Premier members with advanced automation capabilities for AP disbursements, enabling healthcare providers and hospitals to streamline internal workflows and realize savings through revenue-generating rebates.

CPS’ TotalPay platform automates the facilitation of all supplier payments for a hospital or health system while helping generate substantial monthly cash rebates based on payments to accounts payable suppliers. CPS has a proprietary network of healthcare suppliers, which typically enables healthcare clients to generate significantly increased rebates compared to most bank programs.

“We are honored to have been awarded this agreement with Premier and look forward to helping healthcare providers optimize supplier payments, create operational efficiencies and improve financial performance through powerful AP automation,” said Darin Horrocks, SVP, B2B, REPAY.

Premier is a leading healthcare improvement company, uniting an alliance of more than 4,100 U.S. hospitals and approximately 200,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost.

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 for REPAY:
repayIR@icrinc.com

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

Source: Repay Holdings Corporation

REPAY to Acquire Accounts Payable Automation Provider Kontrol Payables

Company Posted Webcast to Review the Transaction and its Larger B2B Business on Investor Relations Section of REPAY.com

ATLANTA–(BUSINESS WIRE)–Jun. 22, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced it has acquired Kontrol Payables (“Kontrol”) for up to $11 million, of which $8 million was paid at closing. The acquisition will be financed with cash on hand.

Kontrol, which was founded in 2011, is an integrated accounts payable (“AP”) automation solutions provider serving clients in a variety of end markets, including construction, food production, software, manufacturing, and education. Kontrol utilizes its 30+ ERP integrations and network of over 13,000 suppliers to deliver efficiencies to its clients’ AP workflows, ultimately executing its clients’ outbound payments using a variety of payment modalities, including virtual card, enhanced ACH, ACH, and check. Kontrol is expected to process approximately $300 million of virtual card volume in 2021.

“With their AP automation capabilities and supplier network, Kontrol is the perfect partner to grow our AP automation business and enhance our comprehensive B2B offering. In an increasingly digital world, there continues to be ever-strengthening demand for technology-first B2B automation and payment solutions, as enterprise customers aim to reduce costs and streamline back office processes. This acquisition will give us the opportunity to leverage REPAY’s B2B technology infrastructure, increase our virtual card volume, and better position us to address the $2.2 trillion total addressable market for our B2B AP automation business,” said John Morris, CEO of REPAY. “We are thrilled to welcome the Kontrol team to the REPAY family.”

REPAY posted a webcast and presentation to review its larger B2B business 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, 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, future opportunities for REPAY, including Kontrol, as well as the level of Kontrol’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 integrate and realize the benefits of the Kontrol 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.

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 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

REPAY to Attend the Morgan Stanley US Financials, Payments & CRE Conference on June 16, 2021

ATLANTA–(BUSINESS WIRE)–Jun. 4, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced that the Company will virtually participate in a fireside chat at the Morgan Stanley US Financials, Payments & CRE Conference on Wednesday, June 16, 2021. The discussion will begin at 2:45 pm ET.

The presentation 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 Honored As Silver Stevie® Award Winner In 2021 American Business Awards®

After banner year, REPAY was named the winner of a Silver Stevie® Award in the Achievement in Growth category in The 19th Annual American Business Awards®.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

More than 3,800 nominations – a record number – from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Virtual Event of the Year, and App of the Year, among others. REPAY was nominated in the Achievement in Growth category.

Over the last year, REPAY has achieved remarkable success, including a 48 percent revenue increase and 44 percent profit growth, expanded market verticals and demonstrated a strategic M&A playbook with five acquisitions, which has led to its selection for this award. Additionally, the company’s employee-first focus has resulted in significant employee growth, despite the pandemic backdrop, and a workplace that fosters a diverse, equitable and inclusive employee culture.

“It’s a tremendous honor to be recognized as a Silver Stevie® for Achievement in Growth alongside so many other amazing companies, and we are so proud of the effort all of our employees put in to make this year such a success, particularly in the midst of a global pandemic,” said John Morris, CEO of REPAY. “As a customer- and employee-first organization, we’re thrilled about this honor and are committed to continuing to deliver the best integrated payments solutions.”

More than 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

“The American economy continues to show its resilience, and as we’re poised on the beginning of what should be a phenomenal period of growth, we celebrate the remarkable achievements of a wide range of organizations and people over the past 18 months,” said Stevie Awards president Maggie Gallagher.  “This year’s Stevie-winning nominations in The American Business Awards are testament to the ingenuity, the commitment, the passion, the adaptability, and the creativity of the American people.  We look forward to celebrating this year’s winners during our virtual ceremony on June 30.”

Details about The American Business Awards and the list of 2021 Stevie winners are available at www.StevieAwards.com/ABA.

 

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. The Stevies also produce the annual Women|Future Conference.  Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

REPAY Partners With Paysafe to Enable U.S. Merchants to Accept Online Cash Payments

Consumers will have access to 60,000 retail locations to make online cash payments to merchants on the REPAY platform using Paysafe’s Paysafecash solution, with transactions recorded in real time

ATLANTA–(BUSINESS WIRE)–May 26, 2021– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a partnership with Paysafe (NYSE: PSFE), a leading specialized payments platform, to enable REPAY merchants to accept cash payments at over 60,000 of Paysafe’s retail partner locations, including major convenience stores, dollar stores, and pharmacies across the United States.

Leveraging Paysafe’s Paysafecash online cash, or eCash, solution, these cash transactions are recorded as real-time payments, adding even greater convenience to payers and expanding the capabilities of lenders and B2C companies to meet customer payment preferences.

The strategic partnership will complement REPAY’s suite of electronic payment solutions by offering cash as an online payment option through Paysafecash, enabling businesses, particularly lenders, to accept cash in any U.S. retail location that accepts Paysafe’s eCash product. Effectively, offering opportunities for payers to use eCash helps to bridge the gap between cash and online payments, particularly for the large number of unbanked and under-banked Americans today.

Consumers initiate the online cash payment by selecting Paysafecash at checkout. They then receive a unique barcode, which gets scanned at the payment location and settled in cash. Once the cash transaction is complete, the payment is posted and REPAY delivers the transaction details back to the merchant, seamlessly updating the consumer’s account with the most recent payment information. The money is subsequently deposited into the merchant’s bank account via ACH – and is not subject to chargebacks as other electronic payments may be.

“As REPAY continues to innovate, we aim to reduce the friction of the repayment process by offering convenient payment solutions for lenders and their borrowers,” said Susan Perlmutter, Chief Revenue Officer, REPAY. “Through our partnership with Paysafe, lenders on the REPAY platform will be able to accept cash within the REPAY ecosystem through the Paysafecash eCash solution, benefiting from real-time posting and streamlined reconciliation processes. Consumers can now easily access any Paysafe retail partner location and quickly pay their bill.”

Udo Müller, CEO of paysafecard, Paysafe’s eCash division, commented: “Over 60 million Americans are still underbanked, according to the Federal Reserve, so offering consumers a way to pay loans and other bills via cash is essential in promoting financial inclusion. We understand how important it is to meet the payment preferences of the consumer, which are a critical aspect of the online transaction experience. We’re proud to partner with REPAY to enable lenders by equipping them with a cash payment option to meet the needs of their cash-reliant customers.”

About Paysafe 

Paysafe (NYSE: PSFE) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.

About Paysafecash™

Paysafecash™, from leading specialized payments platform Paysafe, is an eCash payment method for customers who want to pay online easily and safely using cash. Available in nearly 30 countries, Paysafecash™ makes online transactions possible for customers, who do not have a debit or credit card, or who do not want to use them online. Payments are made by generating a barcode during the online checkout, which can then be scanned and paid for in person at one of more than 190,000 payment points. Paysafecash™ was launched in 2018 by the same Paysafe team who created the award-winning, prepaid cash solution paysafecard in 2000. A market leader in eCash payment solutions, paysafecard allows customers to buy prepaid vouchers that they can then redeem online.

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
khoyman@repay.com

Media Relations Contact for Paysafe:
Nick Say: Manager, Corporate Communications, North America, Paysafe
Nick.Say@Paysafe.com
T: +1-514-452-8747

Source: Repay Holdings Corporation