Welcome to our dedicated page for Repay Holdings news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Holdings stock.
Repay Holdings Corporation provides integrated payment processing solutions for vertical markets with specialized transaction needs. The company’s proprietary platform supports electronic payment channels such as mobile app, text, interactive voice response, virtual terminal, hosted payment page and online customer portal, with activity reported across Consumer Payments and Business Payments.
REPAY news commonly covers quarterly results, adjusted EBITDA and free cash flow metrics, segment trends, enterprise client implementations, Digital Wallet capabilities and payment-channel adoption. Corporate updates also include governance matters such as stockholder rights, board responses to unsolicited proposals, executive leadership changes and capital-structure actions tied to its Class A common stock.
Repay Holdings Corporation (NASDAQ: RPAY) announced a conference call to discuss its fourth quarter and full year 2021 financial results on March 1, 2022, at 5:30 PM ET. The call will feature CEO John Morris and CFO Tim Murphy. Investors can listen to a live webcast through the company's investor relations website or by dialing in. A replay will be available shortly after the call and accessible until March 8, 2022. REPAY specializes in integrated payment processing solutions for various transaction needs, enhancing overall payment experiences for consumers and businesses.
Repay Holdings Corporation (NASDAQ: RPAY) announced a technology integration with C&R Software to enhance payment solutions in the collections industry through its subsidiary, BillingTree. This partnership aims to streamline payments for credit issuers, collection agencies, and government organizations, promoting efficiency in debt collection. BillingTree's omni-channel payment platform is designed to expedite payment processing, reconciliation, and improve customer experiences. Both companies share a commitment to advancing technology and customer service in financial transactions.
Repay Holdings Corporation (NASDAQ: RPAY) announced the appointment of David Guthrie as Chief Technology Officer (CTO). Guthrie, a former executive at Sharecare and WebMD, will focus on enhancing REPAY’s payment processing capabilities through technology integration and product development. CEO John Morris emphasized the strategic importance of Guthrie’s expertise in driving results and innovation. Repay aims to leverage his extensive background to improve user experiences and meet diverse customer needs across various industries.
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.