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 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.
Repay Holdings Corporation (NASDAQ: RPAY) has acquired Kontrol Payables for up to $11 million, with $8 million paid at closing funded by cash on hand. Kontrol, founded in 2011, specializes in accounts payable automation and serves various industries, processing an estimated $300 million in virtual card volume in 2021. This acquisition aims to enhance REPAY’s B2B offerings and address a $2.2 trillion market for AP automation. CEO John Morris emphasizes the demand for digital automation solutions in the current market landscape.
Repay Holdings Corporation (NASDAQ: RPAY) has announced the completion of its acquisition of BillingTree for approximately $503 million. The deal consists of roughly $275 million in cash and about 10 million shares of newly issued Class A common stock, representing about 10% of voting power. This acquisition is expected to enhance REPAY's position in key sectors including Healthcare and Accounts Receivable Management. BillingTree, established in 2003, provides integrated payment solutions aimed at improving payment efficiency for various industries.
Repay Holdings Corporation (NASDAQ: RPAY) will participate virtually in the Morgan Stanley US Financials, Payments & CRE Conference on June 16, 2021, starting at 2:45 pm ET. The event will be accessible via a live webcast on the company's investor relations website, with an archived replay available for 90 days. REPAY is recognized for offering integrated payment solutions tailored to specific verticals, simplifying electronic payments for merchants while enhancing customer experiences.
Repay Holdings Corporation (NASDAQ: RPAY) has partnered with Paysafe (NYSE: PSFE) to enable REPAY merchants to accept cash payments through Paysafecash at over 60,000 retail locations in the U.S. This partnership aims to enhance payment options for unbanked and under-banked consumers by allowing cash transactions to be recorded as real-time payments. REPAY's Chief Revenue Officer emphasized the importance of reducing repayment friction, while Paysafe's CEO highlighted the need for financial inclusion in the payment landscape.
Repay Holdings Corporation (NASDAQ: RPAY) announced the launch of its Vendor Payments Automation solution for Sage 100. This integration allows businesses to pay vendors securely while cutting costs. It complements existing integrations with Sage X3 and Sage 300. The solution features payment group creation, vendor management, invoicing, automatic reconciliation, and custom reporting. According to SVP Darin Horrocks, this solution simplifies processes and enhances revenue and security for Sage users.
Repay Holdings Corporation (NASDAQ: RPAY) will participate in two upcoming virtual investor conferences. The first is on May 19, 2021, at the Barclays Emerging Payments and Fintech Forum, starting at 11:20am ET. The second is on June 3, 2021, at the William Blair 41st Annual Growth Stock Conference, beginning at 1:40pm ET. Both presentations will be webcast live on the Company's investor relations website, with archives available for 90 days.
REPAY offers integrated payment solutions tailored to specific transaction needs, simplifying electronic payments for merchants and improving consumer experiences.
Repay Holdings Corporation (NASDAQ: RPAY) announced its acquisition of BillingTree for approximately $503 million. The deal will be financed with $275 million in cash and $228 million in newly issued shares. BillingTree is known for its omni-channel payment solutions in various industries, including Healthcare and Credit Unions. Expected to close by the end of Q2 2021, this acquisition aims to expand REPAY’s market position and enhance its product offering, ultimately targeting an estimated annual payment volume of over $700 billion across BillingTree's verticals.
Repay Holdings Corporation (NASDAQ: RPAY) reported a strong first quarter for 2021, with card payment volume rising 20% to $4.6 billion and total revenue increasing 20% to $47.5 million. Gross profit grew 22% to $35 million. However, the company faced a net loss of $18 million, compared to a $13.2 million loss a year prior. Adjusted EBITDA improved by 18% to $20.5 million. The company announced an acquisition of BillingTree for $503 million. For 2021, REPAY anticipates card payment volume between $19.9 billion and $20.4 billion and total revenue of $210 million to $220 million.