US fintech Payrix acquires IntegraPay as digital commerce heats up
Payrix, the acknowledged leader in embedded fintech, today announced its official launch into Australia and New Zealand – as it completed the acquisition of Brisbane-based payment service provider, IntegraPay. The company’s expansion efforts will remove barriers, boost revenue and accelerate money movement for a network of growing software-as-a-service (SaaS) clients with operations overseas.
As more vertical SaaS providers turn to embedded commerce to innovate their product, grow revenue, increase lifetime client value and build enterprise value – Payrix continues to demonstrate a laser focus on client success and demonstrate what it takes to reimagine the digital payments ecosystem, again and again.
A digital payments trailblazer in infrastructure-as-a-service technology, Payrix is obsessively client focused, determined to fuel stickiness and monetisation for vertically-focused SaaS providers. On the heels of the company’s recent Series A extension, this merger positions Payrix as one of few truly independent payment technology providers supporting its clients as part of a global strategy, and will add an additional $1.75B in processing volume to the Payrix Platform.
“We’ve listened to our clients and many have exciting plans to expand globally – it became clear we needed to eliminate blockers that were holding them back,” said Payrix CEO, Eric Frazier. “We believe IntegraPay’s market-leading technology, customer-centricity and local presence will deliver the seamless user experience and growth results our clients need to scale smart.”
Operating in Australia, New Zealand, the United States and the United Kingdom, IntegraPay is the region’s leading independent payment services provider, processing more than a million transactions a month and delivering flexible solutions, local service and innovative technology to over 5,000 clients.
“We are delighted to have found a partner that shares both our growth ambitions and core values for serving clients,” IntegraPay CEO, John De Stefani said.
Payrix enables software companies to jump start a high-growth payments business, as well as those ready to fully seize the embedded payments opportunity as a payment facilitator. Payrix’s out-of-the box, full production platform is seamlessly layered into a client’s SaaS platform, mobile app or marketplace.
This creates a world-class customer experience and allows clients to tap into an additional recurring revenue stream that accelerates growth. As clients continue to expand overseas, each will have deeper, broader needs with other forms of payment, in multiple currencies.
Australia and New Zealand marks a major step forward for Payrix’s client base, existing and prospective. With plans to expand to additional markets in 2021, Payrix will continue to open doors for digital commerce to thrive around the world.