REPAY announces strategic partnership with Veem

Friday 24 September 2021 12:21 CET | News

REPAY, a US-based payment service provider, has partnered with Veem to expand each party’s B2B payment capabilities.

With the agreement, REPAY will expand its ability to deliver cross-border payment options, and Veem will broaden its capabilities by leveraging REPAY’s B2B virtual card and acquiring technology.

In addition to the commercial relationship between REPAY and Veem, REPAY has made a minority equity investment in Veem to provide additional support for Veem’s go-forward growth. The investment was financed with cash on hand and pro forma net leverage is expected to remain at the current level of approximately 2.8x.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: B2B payments, cross-border payments, virtual card, partnership
Categories: Payments & Commerce | Online Payments
Countries: United States
This article is part of category

Payments & Commerce

Industry Events