Repay Holdings Corporation (NASDAQ: RPAY) manages both sides of the accounts payable (AP) and accounts receivable (AR) process for 4,000 customers and 195,000 suppliers in their AP Supplier Network. The company’s end-to-end TotalPay solution for AP/AR automates and streamlines payment processes, lowering costs and reducing time and errors for their clients which convert from manual or less robust alternatives. Timely and transparent payment and reconciliation with all participating members are driving AP/AR automation rates up within this growing ecosystem.
The company’s embedded payment solution is enabling payment transactions through leading software partners serving the mid to enterprise size end-users in a wide variety of industries. The company’s Real Time Electronic Payments platform converts any incoming payment form factor to a loan repayment accepting medium, like ACH, on behalf of consumers and businesses. For example, credit cards are not accepted for most loan repayment plans, but Repay accepts these funds from their customer base and repays the loan with an electronic bank transfer of funds. Repay is a functionally unique organization.
