REPAY Acquires Payix for Up to $115 Million
January 3, 2022
Repay Holdings Corporation (REPAY) acquired Payix, a Fort Worth-based omni-channel payment and collections SaaS platform, for up to $115 million ($95 million at closing plus up to $20 million earnout). The deal, financed with cash on hand and revolver capacity, strengthens REPAY's position in the automotive loan-repayment vertical and accelerates expansion into the BNPL market.
- Targets
- Payix
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Buyout
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