REPAY Acquires Ventanex

REPAY Holdings Corporation acquired Ventanex for up to $50 million, paying $36 million at closing with up to $14 million payable via performance-based earnouts. The Dallas-based integrated payments provider (serving consumer finance, mortgage servicers and B2B healthcare) will expand REPAY's vertical footprint and create cross-sell and growth opportunities; the deal was financed with cash on hand and an upsized credit facility.