REPAY Acquires KUBRA for $372M, Expands Bill Payment Dominance — Repay Holdings Corporation

Event summary

REPAY completed its $372M cash acquisition of KUBRA on June 1, 2026, after announcing the deal on March 30, 2026.
The acquisition expands REPAY's reach to 40% of U.S. and Canadian households, processing over $130B in annual payment volumes.
REPAY expects $15M+ in annual cost synergies and $5M+ in technology savings over three years.
KUBRA is projected to contribute $150M–$154M in revenue and $27.5M–$30M in Adjusted EBITDA for the remaining 7 months of 2026.
REPAY's net leverage stands at 4.0x post-acquisition, with plans to reduce it below 3.0x within 18 months.

The big picture

REPAY's acquisition of KUBRA solidifies its position as a leading consumer bill payment provider, expanding its digital payment ecosystem. The deal aligns with broader industry trends toward consolidation in payment processing and the shift toward non-discretionary, recurring billing solutions. With projected revenue contributions of $150M–$154M for the remainder of 2026, the acquisition underscores REPAY's strategic focus on scaling its platform and enhancing its market reach.

What we're watching

Integration Execution: How REPAY will realize $15M+ in annual cost synergies and $5M+ in technology savings over the next three years.
Revenue Growth: Whether REPAY can sustain its projected 10–12% organic revenue growth while integrating KUBRA.
Debt Management: The pace at which REPAY reduces its net leverage from 4.0x to below 3.0x within 18 months.