Repay Hldgs Corp Stock Price, News & Analysis

Repay Holdings Corporation (NASDAQ: RPAY) announced a technology integration with D2R-Collect, enhancing payment solutions for businesses leveraging D2R-Collect's fintech platform. This partnership aims to improve collection efforts through advanced digital payment acceptance, enabling seamless transactions via credit, debit cards, and ACH/EFT. Payments are automatically updated in D2R-Collect, reducing manual entry. The collaboration targets various sectors, including credit and higher education, to streamline collections and increase recovery rates.

Repay Holdings Corporation (NASDAQ: RPAY) announced a new technology integration with FLEX, enhancing payment acceptance capabilities for credit unions on the FLEX platform. This partnership aims to streamline payment operations and improve the member experience through automated decisioning and 24/7 electronic payment acceptance for loan repayments. REPAY’s platform will enable credit unions to offer convenient, self-service payment options, enhancing overall service quality.

Repay Holdings Corporation (NASDAQ: RPAY) has announced its participation in two significant upcoming investor conferences. On March 9, 2022, CFO Tim Murphy and EVP Jake Moore will join a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA, starting at 9:45am PT. Following this, on March 10, 2022, Jake Moore will participate in a virtual B2B panel at the Wolfe FinTech Forum, beginning at 2:20pm ET. Both discussions will be webcast live on the company’s investor relations website.

Repay Holdings Corporation (NASDAQ: RPAY) reported strong financial results for Q4 and FY 2021. Card payment volume reached $5.6 billion in Q4, up 43% year-over-year, while total revenue was $62.2 million, a 50% increase. Gross profit soared 57% to $47.2 million. For the full year, card payment volume was $20.5 billion, total revenue hit $219.3 million, and gross profit rose to $163.8 million. However, net losses were $(17.4) million in Q4 and $(56.0) million for the year. The company forecasts 2022 card payment volume between $27 and $28 billion, projecting total revenue of $296 - 306 million.

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.