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) 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.
REPAY Holdings Corporation (NASDAQ: RPAY) has entered into a commercial partnership with Veem to enhance their B2B payment capabilities. This partnership includes a minority equity investment in Veem, financed with cash on hand. REPAY aims to leverage Veem’s cross-border technology to tap into the growing global B2B payments market, currently valued at approximately $125 trillion and expected to reach $200 trillion in the next decade. The strategic alliance is projected to offer robust B2B payment solutions, benefiting both companies' clients.
Repay Holdings Corporation (NASDAQ: RPAY) has been selected by Woodforest National Bank to provide a comprehensive clearing and settlement processing platform. This agreement includes services such as risk monitoring, chargeback management, and enhanced reporting capabilities. REPAY’s platform is designed to offer customizable solutions, ensuring accurate and timely transaction processing. Both companies expressed optimism about the partnership, highlighting the potential for improved operational efficiency and customer service enhancements across Woodforest's network.
Repay Holdings Corporation (NASDAQ: RPAY) announces an expansion of its integration with GOLDPoint Systems, enhancing payment solutions for lending companies. The key feature is the Instant Funding capability, allowing near real-time funding to borrowers’ eligible debit and prepaid cards, improving the customer experience by eliminating traditional funding delays. This integration aims to streamline the payment acceptance process, providing a competitive edge in the lending industry.
Repay Holdings Corporation (NASDAQ: RPAY) announced the appointment of Darin Horrocks as EVP, B2B Business, and Phillip Tau as VP of B2B Strategy and Business Development. These appointments aim to strengthen the company's B2B payments team amid growing demand. Horrocks has been pivotal since joining through the acquisition of cPayPlus, leading to significant client growth and strategic partnerships. The B2B payments market is projected to reach $200 trillion in the next decade, positioning REPAY favorably in this expanding sector.
REPAY Holdings Corporation (NASDAQ: RPAY) partners with Fairstone Financial Inc. to enhance customer experience through mobile payment solutions. The collaboration introduces an opt-in text-to-pay technology, allowing Fairstone’s customers to make loan payments via SMS, utilizing secure debit card transactions through Visa and Mastercard. This partnership aims to improve customer satisfaction by offering more flexible payment methods, addressing the growing demand for contactless payments. REPAY’s technology platform simplifies electronic payments, making it a strong ally for Fairstone's business objectives.
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