billwerk and PSG Combine with Reepay to Create Pan-European Subscription and Payments Platform

Payward to Acquire Reap Technologies Holdings to Expand Stablecoin Card and Cross-Border Payments

May 7, 2026

Payments & Fintech

Payward, Inc. (Kraken’s parent) has entered into a definitive agreement to acquire Reap Technologies Holdings Limited, a stablecoin-native card issuing and payments infrastructure company, for up to $600 million in cash and Payward stock. The deal expands Payward Services—its B2B financial infrastructure platform—into the global cards and stablecoin payments space, with Reap to continue operating as a standalone platform within Payward’s ecosystem.

Coda Acquires Recharge, Europe’s Prepaid Payments Platform

July 17, 2025

Payments & Fintech

Coda, a Singapore-based digital content monetization and distribution company, has signed an agreement to acquire Recharge, Europe’s leading prepaid payments platform. The deal is expected to expand Coda’s B2C presence in Europe and deepen its prepaid payments and direct-to-consumer capabilities.

billwerk Group Acquires Sofacto

January 20, 2022

Cloud & SaaS

billwerk Group, the PSG-backed subscription management platform, has acquired Sofacto, a Montpellier-based Salesforce-native subscription management and recurring billing application. The deal adds Salesforce integration and a stronger foothold in the French market to billwerk's pan‑European subscription management offering; Sofacto's CEO Frederi Scotto will remain in place.

PSG Acquires Majority Stake in billwerk

May 20, 2021

Software

PSG, a growth equity firm, has acquired a majority stake in billwerk, a Frankfurt-based provider of subscription management and recurring billing software. Billwerk — founded in 2015 and employing more than 40 people across offices in Frankfurt, Minsk and Gdansk — will continue to be led by Co-Founder and CEO Dr. Ricco Deutscher as PSG supports the company’s international growth both organically and via strategic M&A; financial terms were not disclosed.

REPAY Acquires CPS Payment Services

October 27, 2020

Payments & Fintech

REPAY Holdings Corporation agreed to acquire Atlanta-based CPS Payment Services for up to $93 million, with $78 million paid at closing and up to $15 million in earnouts. The acquisition expands REPAY's B2B payments and accounts-payable automation capabilities and brings CPS's enterprise client base and ERP-integrated AP automation technology into REPAY's product suite.

Repay Acquires APS Payments for $60 million

October 14, 2019

Payments & Fintech

Repay Holdings Corporation (NASDAQ: RPAY) acquired APS Payments, a Mesa, Arizona-based B2B integrated payments provider, for $60 million (with $30 million paid at closing and up to $30 million in performance-based earnouts). The deal expands Repay's presence in the B2B payments vertical, adds ERP integrations and technology capabilities, and is expected to be immediately accretive to earnings.