REPAY has completed its $372 million acquisition of KUBRA, strengthening its position in the consumer bill payments market and significantly expanding its scale across North America. This acquisition will allow REPAY to have more than 40% of the U.S. and Canadian households in its reach and support an annual payment volume of more than $130 billion across recurring billing sectors. The company anticipates the acquisition to lead to over $15 million in annual run-rate cost synergies and also provide additional revenue through the cross-selling of payment, billing, and communication solutions.
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“With the addition of KUBRA, REPAY expands our position as a leading Consumer Bill Payment Provider with the technology and market position to lead the digital journey across the payment ecosystem,” said John Morris, Co-Founder and CEO of REPAY. As a result of this purchase, REPAY has decided to revise upward the 2026 financial prediction. Their estimated revenue is now between $490 million and $500 million. REPAY financed the deal through a combination of borrowing and cash reserve, and the company intends to bring down its leverage to below 3.0x level in the next 18 months.
