Paya

Summary
Paya Holdings Inc., through its subsidiaries, operates as an independent integrated payments platform. It operates through two segments, Integrated Solutions and Payment Services. The company processes payments through credit and debit card, automated clearing house, and check payments. It serves customers through distribution partners with focus on targeted verticals, such as B2B goods and services, healthcare, faith-based and non-profit, government and utilities, and education markets. The company is headquartered in Atlanta, Georgia with additional offices in Reston, Virginia; Fort Walton Beach, Florida; Dayton, Ohio; Mt. Vernon, Ohio; Dallas, Texas; and Tempe, Arizona.

History

Sage Payment Solutions North America was founded in 2006 by the London Stock Exchange-listed FTSE 100 company Sage Group who primarily operate in the accounting and payroll business software industry. The same year the Sage Group had entered the payments industry in its home country, the United Kingdom, through the acquisition of Protx, though the companies were kept separate.Sage Group divested the US Sage Payment Solutions business to GTCR in 2017 for $260 million. Sage Payments Solutions was later rebranded as Paya in January 2018.GTCR provided Paya with $350 million in new equity. In November 2018 the company appointed their current CEO, Jeff Hack, and that same month acquired Stewardship Technologies. In January 2019 Paya acquired First Billing Services.On August 3, 2020, Paya announced that they were merging with Nasdaq-listed FinTech Acquisition Corp. III. The merged company will be listed on the Nasdaq stock exchange under the symbol PAYA and have a value of $1.3 billion. GTCR will remain the company's largest shareholder.


Mission
Paya empowers businesses to make instantaneous payment transactions - in their store or on the go - while keeping their customers' financial data safe and secure.

Vision
Paya will be the most innovative and reliable payment processing provider globally, providing an easy to use, secure and trustworthy solution for our merchants to accept payments and manage their finances.

Key Team

Ms. Christina Scappa (Head of Operations)

Mr. Eric Christopher Bell (Chief Accounting Officer & Controller)

Mr. Balaji Devarasetty (Chief Information Officer)

Ms. Melinda Doster (Gen. Counsel & Corp. Sec.)

Ms. Andrea Elizabeth Kando (Head of Product, Marketing & Communications)

Ms. Caitlin Shetter (Chief People Officer)


Recognition and Awards
Paya has been recognized for their industry-leading solutions, most recently receiving the 2019 CardWare Excellence Award for its Paymentfacilitator.com platform.

References
Paya
Leadership team

Mr. Jeffrey I. Hack (CEO & Director)

Mr. Benjamin Nicolas Weiner (Chief Strategy Officer)

Mr. Glenn Joseph Renzulli (Chief Financial Officer)

Products/ Services
Financial Services, FinTech, Payments
Number of Employees
100 - 500
Headquarters
Reston, Virginia, United States
Established
1989
Company Registration
SEC CIK number: 0001819881
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
PAYA
Social Media
Thu Feb 29 2024
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