REPAY completed the acquisition of cPayPlus for $16m.

REPAY, a provider of vertically-integrated payment solutions, completed the acquisition of cPayPlus, an accounts payable automation provider to a variety of industries, with concentrations in automotive, property management, and field services, for $16m. “We continue to observe unprecedented demand for comprehensive, technology-first B2B automation and payment solutions, as enterprise customers look for ways to reduce costs and operate more efficiently in an increasingly digital environment. The competition typically focuses on either accounts receivable (“AR”) or AP. While we already do both, the cPayPlus acquisition will strengthen our AP automation offering, further enabling us to deliver best-in-class solutions that address all of our clients’ AR and AP automation and payment needs," John Morris, REPAY CEO.