Welcome to our dedicated page for Repay Hldgs news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Hldgs 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) announced a restatement of its consolidated financial statements due to new SEC guidance on the accounting of SPAC-related warrants. This change reclassifies warrants from equity to liabilities, resulting in a projected non-operating expense increase of $76 million for 2020. Despite these adjustments, the company expects no impact on its cash flow or non-GAAP operating metrics. The restatement affects historical financial statements related to the merger with Thunder Bridge Acquisition and will be reflected in future reports.
Repay Holdings Corporation (NASDAQ: RPAY) has joined the CDK Global Partner Program, enhancing its presence in the automotive sector. This partnership allows REPAY to integrate its digital payment solutions with CDK's extensive ecosystem, enabling automotive dealers to automate accounts payable processes. The integration, facilitated through REPAY's cPayPlus platform, aims to streamline vendor payments, reducing inefficiencies in traditional invoicing and payment methods. This strategic move is expected to improve the operational efficiency and profitability of dealers nationwide.
Repay Holdings Corporation (NASDAQ: RPAY) reported strong financial results for Q4 and FY 2020, with card payment volume increasing by 16% to $4.0 billion in Q4 and by 42% to $15.2 billion for the full year. Total revenue soared 23% in Q4 to $41.4 million and 48% for the year to $155.0 million. Gross profit also rose, showing 23% growth in Q4 and 44% for the full year. Despite a net loss, the company anticipates continued growth in 2021, expecting revenue between $178 and $188 million. REPAY completed three acquisitions in 2020, enhancing its B2B capabilities.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a strategic partnership with Protego Technologies Limited, aiming to enhance its software development capabilities. This collaboration is expected to create 60 new jobs in Ireland as Protego helps recruit and manage technology talent. The partnership will enable REPAY to significantly increase its development capacity and focus on innovative technology initiatives to meet the growing demand for digitized payment experiences.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a technology integration with Virtual Benefits Administrator (VBA) to enhance payment solutions within the healthcare sector. This two-way integration allows insurance companies to pay healthcare providers directly from the VBA system, expediting payments and improving transparency in the claims process. REPAY's platform offers Third Party Administrators (TPAs) full visibility into claims from initiation to settlement, streamlining the payment process and reducing delays.
Repay Holdings Corporation (NASDAQ: RPAY) announced a conference call on March 1, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 financial results. The call will feature CEO John Morris and CFO Tim Murphy. A press release with the financial results will precede the call, issued after market close on the same day. Investors can access the call via the Company's investor relations website or by phone. A replay will be available for a week post-call.
About REPAY: REPAY specializes in integrated payment solutions tailored for specific transaction processing needs.
Repay Holdings Corporation (NASDAQ: RPAY) announced that Co-Founder and CEO John Morris, along with CFO Tim Murphy, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 8:45am ET. The chat will be broadcast live on the Company's investor relations website, where an archive will be available for 90 days. REPAY specializes in providing integrated payment processing solutions, enhancing transaction experiences for businesses and consumers.
Repay Holdings Corporation (NASDAQ: RPAY) announced a partnership with PN3 Solutions to integrate payment processing capabilities into PN3's platform. This collaboration enables PN3's clients to automate outbound payments using virtual cards or ACH, enhancing efficiency in accounts payable (AP) operations. The integration supports various ERP systems, including Microsoft Dynamics and Sage. Senior executives from both companies highlighted the importance of streamlining payment workflows to improve cost savings and operational transparency.
Repay Holdings Corporation (NASDAQ: RPAY) announced the successful closing of a new undrawn $125 million senior secured revolving credit facility, replacing a prior $30 million facility. This move, along with recent offerings of convertible notes and Class A common stock, strengthens REPAY's position for future acquisitions. The CEO emphasized an active M&A pipeline targeting growth opportunities in underserved payment verticals. Truist Securities arranged the facility, with Truist Bank as the administrative agent.
REPAY Holdings Corporation (NASDAQ: RPAY) has announced a technology integration with Billtrust (NASDAQ: BTRS), enhancing its B2B payment solutions. Through this partnership, REPAY's clients can automate electronic payments to Billtrust's extensive network of suppliers, streamlining processes and promoting the use of virtual credit cards. REPAY aims to simplify vendor payments via a single interface, while Billtrust emphasizes the growing preference for digital payments in the service and supplier industry.
FAQ
What is the current stock price of Repay Hldgs (RPAY)?
What is the market cap of Repay Hldgs (RPAY)?
What services does Repay Holdings Corporation provide?
How many merchant locations does Repay process transactions for?
What sectors does Repay serve with its payment processing solutions?
How can customers make payments using Repay's services?
What achievements has Repay Holdings Corporation attained?
When was Repay Holdings Corporation established?
What is the stock symbol for Repay Holdings Corporation?
What is the focus of Repay's management team?
In which segments does Repay operate?
Where can I find the latest news about Repay Holdings Corporation?
