Is Paya Stock A Buy Since The SPAC Merger?

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PayHoldings Inc. (NASDAQ: PAYA) is the largest payments company you have never heard of. The company went public in October via a SPAC merger, before SPACs became the mania they are today.

Now, it's about to make waves, and you will want to be ready before that happens.

Paya serves mostly middle-market companies and institutions that need payment services. It is currently in several markets, including business–to–business, non-profit, faith, government, utilities, healthcare, and education. Paya provides these companies with integrated payment and commerce solutions through it is not in the spotlight, Paya processed $31.4 billion in payment volume in 2019. This made it a top–10 payments company by volume.

Paya now has over 100,000 merchant customers using its services.

Since 2018, Paya has made three acquisitions to expand into new markets and build payment volumes. While no new deals have been announced, we consider it highly likely that Paya continues to use mergers and acquisitions (M&A) as a growth strategy in the years ahead.

Electronic payments are a growth story that is going to be around for a long time. The pandemic accelerated electronic payments as no one was out and about spending cash. Customers did everything via e-commerce, and that requires a card or, in some cases, direct ACH payments from your bank account.

Helping churches, hospitals, schools, charities, and state and local governments use electronic payments is a massive market, and Paya is quickly emerging as a leader in these markets.

Here's what you need to know about the stock.

What Paya Is Doing Behind the Scenes

Three key events occurred in 2020 that are going to help accelerate growth for Paya over the next few years.

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Adam Reynolds 1 month ago Member's comment