REPAY Appoints Zach Sadek to its Board of Directors

Zachary Sadek is a Senior Partner at Parthenon Capital Partners, an affiliate of one of REPAY's largest shareholders, PCP Managers II L.P. Parthenon Capital is a growth-focused private equity firm that works with management teams to help businesses grow and strengthen their market position.

Sadek brings more than 20 years of experience investing in and advising companies in the payments, fintech, business services, and software industries.

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Zachary F. Sadek has joined REPAY's Board of Directors as part of a cooperation agreement between the company and Parthenon Capital following discussions between the two sides.

The agreement will be included in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). The agreement reflects the shared goal of improving the company's performance and creating long term value for REPAY shareholders.

“We are pleased to welcome Zach to the REPAY Board,” said Peter J. Kight, Chairman of the Board of Directors. “Zach brings deep experience across the payments and financial technology industries, together with significant board and investment experience. We also value the perspective he brings from Parthenon Capital, one of REPAY’s largest stockholders, as we continue to focus on executing our strategy and creating long-term value for all stockholders.”

“I appreciate the opportunity to join the REPAY Board,” said Mr. Sadek. “Parthenon Capital has been a long-term, supportive stockholder of REPAY and believes REPAY has established a strong market position and differentiated payments platform. I look forward to working collaboratively with my fellow directors and the management team to create long-term value for all stockholders.”

About REPAY

Founded by John Morris, REPAY is a payment technology company that provides integrated payment solutions for industries with specialized payment needs. Its platform helps businesses accept digital payments, manage billing and payment communications and deliver a better payment experience for both businesses and customers.

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