ZombieFinancial Services
What Happened to Repay Holdings?
Ticker: RPAYSPAC Year: 2018
Return
-72.2%
Current Price
$2.78
Peak Price
$28.42
Trust Size
$1.2B
Summary
Repay Holdings is a payments technology company providing vertically integrated payment processing solutions for consumer lending, B2B payments, and healthcare.
What Happened
Repay went public in July 2019 through a merger with Thunder Bridge Acquisition in a deal valued at approximately $665 million. The Atlanta-based fintech specializes in electronic payment solutions that reduce complexity for merchants while enhancing the consumer experience. The company has grown through acquisitions but its stock has struggled, trading well below its SPAC-era highs amid a broader fintech selloff.
Timeline
2018-06-08
S-1 Registration Filed