“The growth implied by our 2023 outlook assumes our verticals will experience a mild to moderate recession,” CFO Tim Murphy said during the webcast. “Trends within personal loans are largely similar to what we discussed previously, and Auto Finance continues to operate in a recessionary environment.” Repay netted $12.8 million for 2022, compared to a loss of $50.1 million the year before. The profit stemmed from a $66.9 million gain from the change in fair value of tax receivable liability compared to a negative $14.1 million in the same category in 2021. Revenue reached $279.3 million last year, an increase of 27.4 percent from $219.3 million the prior year. The company noted business payments volume grew about 36 percent year-over-year and that its AP supplier network increased by roughly 45 percent to 160,000.