Paya & FinTech III: Announce Merger Agreement
- Paya a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments
- FinTech Acquisition Corp. III a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange
- Upon closing of the transaction the combined company operate as Paya and will be listed on NASDAQ under the new symbol PAYA
- The Paya management team, led by CEO Jeff Hack, will continue to execute the growth strategy of the Company
- Paya’s existing majority equity holder GTCR, a leading private equity firm, will remain the Company’s largest stockholder
- GTCR is a long-time investor in financial technology and has a successful track-record of supporting fast-growing payments companies in the public markets
