Overview of Transaction

• On May 10, 2021, Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, announced it has signed a definitive agreement to acquire BillingTree for approximately $503 million
• The acquisition will be financed with approximately $275 million in cash from REPAY’s balance sheet and $228 million in newly issued shares of REPAY Class A common stock
• The transaction is subject to certain customary closing conditions and is expected to close by the end of the second quarter of 2021
• BillingTree, founded in 2003 and headquartered in Scottsdale, AZ, is a leading provider of omni-channel payment solutions that help organizations get paid faster and more efficiently

Significance of Transaction

• The acquisition brings together two leading providers of integrated payment solutions, further expanding REPAY’s position in Healthcare, Credit Unions, Accounts Receivable Management (ARM) and Energy
• The addition of BillingTree’s 1,650+ clients and over 50 ISV Partners enhances REPAY’s scale and client diversification
• BillingTree’s existing Healthcare, Credit Union, ARM, and Energy verticals provide access to an estimated annual payment volume opportunity of over $700 billion
• The scale, capabilities, and infrastructure of the combined platform presents significant opportunities for cost savings and increased efficiencies

FT Partners' Role

• Financial Technology Partners and FTP Securities ("FT Partners") served as strategic and financial advisor to BillingTree
• This transaction underscores FT Partners’ deep domain expertise in Payments, as well as our successful track record in generating highly favorable, category-defining outcomes for our clients