Repay Hldgs Corp Stock Price, News & Analysis

Repay Holdings Corporation (NASDAQ: RPAY) has acquired Payix for up to $115 million, enhancing its position in the automotive loan repayment market and expanding into the Buy Now, Pay Later (BNPL) space. The acquisition is financed through cash and an upsized revolving credit facility, now $185 million. Payix is expected to generate over $15 million in revenue for 2022, with strong growth forecasts exceeding 40% annually through 2023. This strategic move aims to leverage Payix’s technology and recurring revenue model.

Repay Holdings Corporation (NASDAQ: RPAY) has appointed Emnet Rios to its Board of Directors, effective January 1, 2022. Ms. Rios, with over 20 years in financial services and technology, is currently the CFO and COO of Digital Asset. Her experience includes significant roles in capital raising, M&A, and restructuring, as well as a decade at NatWest. CEO John Morris expressed enthusiasm for Ms. Rios' extensive expertise in technology and distributed ledger, highlighting its importance for REPAY's growth and evolving customer needs.

Repay Holdings Corporation (NASDAQ: RPAY) has integrated with Paydit, enhancing its payment solutions. This partnership allows Paydit's customers to accept credit, debit, and ACH payments, improving the debt negotiation process. The integration aims to provide a more seamless payment experience, making debt reconciliation easier for consumers and offering better tracking and management for businesses. The leadership at both companies highlighted the importance of fast, convenient payments in improving customer satisfaction and operational efficiency.

Repay Holdings Corporation (NASDAQ: RPAY) will participate in several upcoming investor conferences. On November 17, 2021, RPAY will engage in a fireside chat at the Citi FinTech Conference at 2:15 PM ET. Following this, on December 1, 2021, they will participate in another fireside chat at the Credit Suisse Technology Conference in Scottsdale, AZ, starting at 10:30 AM MT. On December 2, 2021, RPAY is scheduled for the DA Davidson FinTech and Payments Conference. Webcasts will be available on their investor relations website.

Repay Holdings Corporation (NASDAQ: RPAY) reported strong financial results for Q3 2021, with card payment volume rising by 48% to $5.6 billion and total revenue increasing 62% to $61.1 million. Gross profit surged 69% to $45.8 million, while adjusted EBITDA reached $27.0 million, up 73% year-over-year. The company narrowed its net loss to $7.1 million compared to $12.1 million in Q3 2020. REPAY updated its full-year 2021 outlook, projecting card payment volume of $20.3 to $20.8 billion and total revenue between $216 to $222 million, assuming no unexpected COVID-related disruptions.

Repay Holdings Corporation (NASDAQ: RPAY) will host a conference call on November 9, 2021, at 5:30 PM ET to discuss its third quarter 2021 financial results. The call will feature CEO John Morris and CFO Tim Murphy, with a press release detailing the financial results to be issued post-market close. Participants can access the call via the company's investor relations website or by phone. A replay will be available shortly after the call concludes and can be accessed until November 16, 2021.

Repay Holdings Corporation (NASDAQ: RPAY) has announced an expanded partnership with Inovatec Systems Corp. to enhance the lending process for consumers and lenders in the US and Canada. The integration will allow lenders to instantly fund loans directly to borrowers' debit cards, improving speed and convenience. This new feature will be integrated into Inovatec's platform, enabling lenders to use REPAY's technology without switching systems. Starting in 2022, REPAY will also allow remote cash acceptance for payments, further enhancing service delivery.

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.