Paya, a U.S.-based integrated payment and commerce solutions provider, announced on Friday it is set to make its debut on Nasdaq this Monday (October 19th). Paya reported its common stock will begin trading on the Nasdaq Stock Market under the ticker symbol “PAYA.”
Paya claims it is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. The company further explained that it processes more than $30 billion of annual payment volume across credit/debit card, ACH, and check, making it a top 20 provider of payment processing in the US and #6 overall in e-Commerce
“Paya serves more than 100,000 customers through over 1,000 key distribution partners focused on targeted, high growth verticals such as healthcare, education, non-profit, government, utilities, manufacturing, and other B2B end markets.”
Other Paya highlights include:
- Largest independent pure-play provider in the rapidly growing integrated payments space with 85% card-not-present (CNP) transactions
- Paya ConnectTM technology platform purpose-built for integrated payments into business software with key features including omni-channel payments acceptance, digital onboarding, e-invoicing and billing capabilities, and advanced reporting
- Track-record of historical organic growth, strong operating leverage and excellent cash flow generation as well as proven ability to perform accretive M&A
- Seasoned and experienced management team with over 100+ years of combined payments industry experience with organizations including JPMorgan Chase, PayPal, First Data, and Vantiv
Speaking about the launch, Paya CEO, Jeff Hack, added:
“Our completion of the transaction and listing on the Nasdaq stock market is a testament to the hard work of our dedicated and talented Paya colleagues, as well as our strong software partner and customer relationships. We would especially like to thank GTCR for their contributions to our success, and we look forward to their continued partnership as our largest shareholders and members of our Board.”
