Repay Acquires US Payment Technology Platform Payix.
MANews-(C)2009-2022
US-based payment solutions provider Repay Holdings Corp. (NASDAQ: RPAY) has acquired US-based payment technology platform Payix for up to USD 115m, the company said.
The acquisition was financed with cash on hand and available revolver capacity. Repay also announced the upsizing of its revolver capacity by USD 60m, increasing its existing USD 125m Revolving Credit Facility to USD 185m.
Founded in 2016 and based in Fort Worth, Texas, Payix is an omni-channel payment technology platform providing solutions that facilitate payments, data exchange, and communication to support customer service and collection efforts in loan repayment verticals.
Payix's software supports a range of payment options and modalities, and integrates into loan management systems and dealer management systems by providing a SaaS approach to collections technology.
Repay acquired Payix on a cash-free, debt-free basis for up to USD 115m...
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