Investments

Paya

Paya (NASDAQ: PAYA) has been a leading provider of integrated payment and frictionless commerce solutions that have helped customers accept and make payments, expedite receipt of money, and increase operating efficiencies. The company has processed over $30 billion of annual payment volume across credit/debit card, ACH, and check, making it a top 20 provider of payment processing in the US and #6 overall in e-Commerce.

Headquartered in Atlanta, GA, with offices in Reston, VA, Fort Walton Beach, FL, Dayton, OH, Mt. Vernon, OH, and Dallas, TX, Paya has served more than 100,000 customers through over 2,000 key distribution partners focused on targeted, high growth verticals such as healthcare, education, non-profit, government, utilities, and other B2B goods and services. The business has built its foundation on offering robust integrations into front-end CRM and back-end accounting systems to enhance customer experience and workflow.

FinTech Acquisition Corp. III (formerly NASDAQ: FTAC), a $345mm SPAC, completed the business combination with Paya in October 2020 at an implied equity value of $1.3bn. The company's offering for integrating payment solutions with software and its status as the partner of choice for sophisticated software providers and middle-market business clients across multiple attractive verticals have made the company a strong partner for the FinTech Masala team's deep experience in the payments industry.