Welcome to our dedicated page for Repay Holdings Corporation news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Holdings Corporation stock.
Repay Holdings Corporation Class A Common Stock (symbol: RPAY), established in 2006, is a full-service provider of electronic transaction processing services tailored for retail merchants. The company offers a comprehensive suite of solutions, including credit and debit card processing, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay currently supports over 5,000 merchant locations across various product lines.
Repay’s management team has demonstrated consistent success since the company’s inception, focusing on key areas such as sales, risk mitigation, merchant support, and the effective use of its proprietary software platform. This strategic approach has positioned Repay as one of the fastest-growing companies in the United States, earning it the #330 spot on the Inc. 500 list in 2012.
The company is engaged in providing integrated payment processing solutions to a range of verticals with transaction processing needs. Repay's services enable customers to make payments via multiple channels, including Mobile App, Text, Interactive Voice Response, Virtual Terminal, Hosted Payment Page, and Online Customer Portal. The company's operations are divided into two segments: Consumer Payments and Business Payments.
Repay continues to expand its footprint through strategic partnerships, innovative projects, and cutting-edge technology. The company is committed to delivering exceptional service and support to its clients, ensuring seamless and secure payment processing. With a robust financial condition and a forward-looking approach, Repay Holdings Corporation is well-positioned to maintain its growth trajectory and continue providing valuable services to its growing customer base.
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 41st 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.
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.
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