REPAY

About REPAY

REPAY (Repay Holdings Corporation, NASDAQ: RPAY) provides integrated payment processing solutions tailored for specific vertical markets that have distinct transaction needs. The company was founded in 2006 as M & A Ventures, LLC, by John Morris and Shaler Alias. John Morris, now the CEO, began his career at KPMG and later co-founded Security Check Atlanta, a check verification processor. Shaler Alias, the company's President, brought over fifteen years of experience from the debt collection and transactional processing sectors.

Headquartered in Atlanta, Georgia, REPAY operates with a mission to simplify complex electronic payments for its clients. The company's business model centers on its proprietary, integrated payment technology platform. This platform is designed to seamlessly merge with clients' existing software systems, facilitating omni-channel payment processing. Revenue is primarily generated through transaction fees, which are based on the volume and value of payments processed. REPAY serves a diverse client base across more than 21 vertical markets, including consumer and automotive finance, accounts receivable management, business-to-business (B2B), credit unions, and healthcare.

The company's offerings encompass a wide array of payment solutions. These include debit and credit card processing, ACH processing, vendor payment automation, and instant funding. Their platform supports various payment methods such as online portals, interactive voice response (IVR) systems, text-to-pay, and the REPAYit mobile application. For B2B clients, REPAY provides accounts payable automation to digitize and streamline payments to vendors and suppliers. A key part of REPAY's growth strategy has been acquisitions, completing eleven between 2016 and early 2022 to enter new markets, expand its product suite, and enhance its technological capabilities. A significant milestone occurred in July 2019, when REPAY completed a business combination with Thunder Bridge Acquisition, Ltd., a special purpose acquisition company (SPAC), which resulted in Repay Holdings Corporation becoming publicly traded on the Nasdaq stock exchange.