Repay Hldgs Corp - RPAY STOCK NEWS

REPAY Holdings Corporation (NASDAQ: RPAY) has entered into a commercial partnership with Veem to enhance their B2B payment capabilities. This partnership includes a minority equity investment in Veem, financed with cash on hand. REPAY aims to leverage Veem’s cross-border technology to tap into the growing global B2B payments market, currently valued at approximately $125 trillion and expected to reach $200 trillion in the next decade. The strategic alliance is projected to offer robust B2B payment solutions, benefiting both companies' clients.

Repay Holdings Corporation (NASDAQ: RPAY) has been selected by Woodforest National Bank to provide a comprehensive clearing and settlement processing platform. This agreement includes services such as risk monitoring, chargeback management, and enhanced reporting capabilities. REPAY’s platform is designed to offer customizable solutions, ensuring accurate and timely transaction processing. Both companies expressed optimism about the partnership, highlighting the potential for improved operational efficiency and customer service enhancements across Woodforest's network.

Repay Holdings Corporation (NASDAQ: RPAY) announces an expansion of its integration with GOLDPoint Systems, enhancing payment solutions for lending companies. The key feature is the Instant Funding capability, allowing near real-time funding to borrowers’ eligible debit and prepaid cards, improving the customer experience by eliminating traditional funding delays. This integration aims to streamline the payment acceptance process, providing a competitive edge in the lending industry.

Repay Holdings Corporation (NASDAQ: RPAY) announced the appointment of Darin Horrocks as EVP, B2B Business, and Phillip Tau as VP of B2B Strategy and Business Development. These appointments aim to strengthen the company's B2B payments team amid growing demand. Horrocks has been pivotal since joining through the acquisition of cPayPlus, leading to significant client growth and strategic partnerships. The B2B payments market is projected to reach $200 trillion in the next decade, positioning REPAY favorably in this expanding sector.

REPAY Holdings Corporation (NASDAQ: RPAY) partners with Fairstone Financial Inc. to enhance customer experience through mobile payment solutions. The collaboration introduces an opt-in text-to-pay technology, allowing Fairstone’s customers to make loan payments via SMS, utilizing secure debit card transactions through Visa and Mastercard. This partnership aims to improve customer satisfaction by offering more flexible payment methods, addressing the growing demand for contactless payments. REPAY’s technology platform simplifies electronic payments, making it a strong ally for Fairstone's business objectives.

Repay Holdings Corporation (NASDAQ: RPAY) reported robust financial results for Q2 2021, with card payment volume reaching $4.6 billion, a 28% increase year-over-year. Total revenue grew by 33% to $48.4 million, while gross profit rose 29% to $35.7 million. Notably, the net loss decreased significantly to ($13.4) million, compared to ($83.2) million in Q2 2020. Adjusted EBITDA and net income increased by 26%, reaching $20.4 million and $14.0 million, respectively. The company has also updated its guidance for the full year 2021, anticipating total revenue between $214 million and $222 million.

Repay Holdings Corporation (NASDAQ: RPAY) announced its participation in a fireside chat at the Canaccord Genuity 41^st Annual Growth Conference, scheduled for August 12, 2021, at 11:30 am ET. The event will be available for live webcast on the Company’s investor relations website, with an archive accessible for 90 days post-event. REPAY specializes in integrated payment solutions tailored for verticals with unique transaction needs, enhancing both merchant operations and consumer experiences.

Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on August 9, 2021, at 5:00 PM ET to discuss its second quarter 2021 financial results. The call will be led by CEO John Morris and CFO Tim Murphy, with a press release detailing the financial results expected to be issued following market close. Investors can access the conference call via the Company's investor relations website or by phone. A replay will be available shortly after the call, lasting until August 16, 2021.

Repay Holdings Corporation (NASDAQ: RPAY) announced a new technology integration with Provana, enhancing debt repayment and customer service applications. This collaboration allows Provana’s clients to utilize REPAY’s payment processing solutions within IConnect247®, streamlining previously cumbersome processes. The integration aims to improve operational efficiency and customer satisfaction, leveraging REPAY’s expertise in electronic payments. Susan Perlmutter, CRO of REPAY, expressed optimism about the partnership's potential to boost customer performance and profitability.