Repay Hldgs Corp Stock Price, News & Analysis

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.

Repay Holdings Corporation (NASDAQ: RPAY) has launched its Vendor Payments Automation solution within Acumatica, aimed at enhancing accounts payable for small and midmarket businesses. This integration streamlines payment processes, improves efficiency, and reduces fraud risks by minimizing the need for sensitive information exchange with vendors. The solution offers comprehensive capabilities, including payment group creation, invoicing approval, automatic reconciliation, and custom reporting. REPAY is also a premier sponsor of the upcoming Acumatica Summit 2021, showcasing its automation solutions in Las Vegas.

Repay Holdings Corporation (NASDAQ: RPAY) announced a strategic partnership with Credit Management Company (CMC) to enhance payment solutions in the healthcare sector. This collaboration, facilitated through BillingTree, a REPAY subsidiary, aims to provide an omni-channel payment platform that streamlines payment processes for healthcare systems, providers, and patients. With over 55 years of experience, CMC is positioned as a vital partner in promoting digital payment solutions in healthcare, further solidifying REPAY's role as an innovator in integrated payment processing.

Repay Holdings Corporation (NASDAQ: RPAY) has entered a group purchasing agreement with Premier Inc., enhancing advanced accounts payable solutions. This collaboration, facilitated through CPS Payment Services, aims to streamline payment processes for healthcare providers. Using the TotalPay platform, hospitals can automate supplier payments and achieve substantial cash rebates. Premier represents a network of over 4,100 hospitals, focusing on improving healthcare delivery and reducing costs through integrated services.