Repay to Acquire Billing Platform Kubra for $372 Million
Atlanta-based integrated payment processor Repay has announced an agreement to acquire Mississauga-based billing platform Kubra for approximately $372 million USD. The transaction, funded through cash on hand and debt financing, is expected to close in the second quarter of 2026, pending regulatory approvals in the United States and Canada. This strategic acquisition aims to combine Repay’s payment technology expertise with Kubra’s strong presence in utility, government, and insurance verticals. The merged entity is projected to process over $130 billion in annual payment volume, significantly expanding its market reach. Repay anticipates achieving $15 million in annual expense reductions and $5 million in technology savings within three years post-merger. Additionally, the company expects to generate an extra $5 million in revenue by 2028 by offering combined products to its client base. Kubra, founded in 1992, serves more than 250 clients and reaches over 40 percent of households in North America. Executives from both firms stated that the deal will drive growth opportunities and solidify Repay’s position as a leading bill payment provider. The acquisition highlights ongoing consolidation in the fintech and payment processing sectors.
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Repay to Acquire Billing Platform Kubra for $372 Million
Atlanta-based integrated payment processor Repay has announced an agreement to acquire Mississauga-based billing platform Kubra for approximately $372 million USD. The transaction, funded through cash on hand and debt financing, is expected to close in the second quarter of 2026, pending regulatory approvals in the United States and Canada. This strategic acquisition aims to combine Repay’s payment technology expertise with Kubra’s strong presence in utility, government, and insurance verticals. The merged entity is projected to process over $130 billion in annual payment volume, significantly expanding its market reach. Repay anticipates achieving $15 million in annual expense reductions and $5 million in technology savings within three years post-merger. Additionally, the company expects to generate an extra $5 million in revenue by 2028 by offering combined products to its client base. Kubra, founded in 1992, serves more than 250 clients and reaches over 40 percent of households in North America. Executives from both firms stated that the deal will drive growth opportunities and solidify Repay’s position as a leading bill payment provider. The acquisition highlights ongoing consolidation in the fintech and payment processing sectors.
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