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REPAY HOLDINGS CORPORATION

(RPAY)
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REPAY : Strengthens B2B Payments Team to Bolster Accelerating Growth in Accounts Payable (AP) and Accounts Receivable (AR) Automation

09/09/2021 | 08:35am EDT

Darin Horrocks Appointed EVP, B2B Business and Phillip Tau Joins as VP of B2B Strategy and Business Development

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today announced that the Company has strengthened its B2B payments team to meet continued growth, with the appointment of Darin Horrocks as EVP, B2B Business and the addition of Phillip Tau as Vice President of B2B Strategy and Business Development.

“Darin has been an instrumental part of our team since he joined last year through the acquisition of cPayPlus,” said John Morris, CEO of REPAY. “Over the past year, he has helped us source and integrate two additional acquisitions - CPS Payment Services and Kontrol Payables - and has led the team to now service more than 3,300 clients and add over 80 B2B software integrations, representing approximately 15 vertical end markets and close to 100,000 vendors in our supplier network.”

“In addition to Darin, we also recently continued building our B2B organization with Phillip joining as VP of B2B Strategy and Business Development. Phillip brings an incredible amount of experience in developing comprehensive B2B strategy and establishing high-growth partnerships. We're thrilled to welcome him to REPAY and look forward to getting his perspective and guidance on how to further accelerate our efforts in the B2B space,” Morris continued.

REPAY has experienced continued growth in the rapidly expanding B2B market, announcing recent partnerships with Sage, Acumatica, Premier and more. With the B2B payments market expected to reach $200 trillion in the next decade, REPAY is well positioned with the right technology and sales teams to continue its B2B payments acceleration. Additionally, the Company has developed a robust pipeline to cross-sell both AP and AR services to its growing B2B customer base.

Mr. Horrocks joined REPAY in July of 2020, through the acquisition of cPayPlus, and is now EVP of the combined B2B Business. He was the former President and Co-founder of cPayPlus. He has previously held positions at Comdata as VP of Channel Growth, American Express as Director of Business Development, and had over a decade of experience at General Electric in Product and Business Development.

Mr. Tau was most recently Head of Business Development and Strategy for Divvy, Inc. Prior to Divvy he was Director of B2B Payment Solutions and Partnerships at Visa.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about REPAY’s plans, objectives, expectations and intentions with respect future operations, products and services. Such forward-looking statements are based upon the current beliefs and expectations of REPAY’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond REPAY’s control, including, without limitation, the factors described in REPAY’s reports filed with the U.S. Securities and Exchange Commission. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

All information set forth herein speaks only as of the date hereof in the case of information about REPAY or the date of such information in the case of information from persons other than REPAY, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding REPAY’s industry and end markets are based on sources it believes to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.


ę Business Wire 2021
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Financials (USD)
Sales 2021 219 M - -
Net income 2021 -39,1 M - -
Net Debt 2021 - - -
P/E ratio 2021 -50,7x
Yield 2021 -
Capitalization 1 923 M 1 923 M -
Capi. / Sales 2021 8,76x
Capi. / Sales 2022 6,81x
Nbr of Employees 354
Free-Float 86,4%
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Mean consensus BUY
Number of Analysts 11
Last Close Price 21,79 $
Average target price 29,90 $
Spread / Average Target 37,2%
EPS Revisions
Managers and Directors
John Morris Chief Executive Officer & Director
Shaler V. Alias President & Director
Timothy Murphy Chief Financial Officer
Peter J. Kight Chairman
Jason Kirk Chief Technology Officer
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