Estimated reading time: 0 minutes, 30 seconds

REPAY ACQUIRES COLLECTIONS BIZ Featured

 Payments company Repay has started 2022 with the latest in a string of acquisitions. Repay has acquired Payix for $95 million in cash on hand and through its revolving credit facility.

Payix, which makes collections products, is expected to have revenue of up to $15 million this year. Founded in 2016, the acquired company’s software is described as a supporting “a wide range of payment options and modalities, and integrates into loan management systems ("LMS") and dealer management systems ("DMS") by providing a SaaS approach to collections technology.” Simultaneous with the deal, Repay said it increased its revolver capacity to $185 million from $125 million.

Read 202 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.