Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced that effective as of the close of the market on June 26, 2020 it has been added as a member of the US Small-Cap Russell 2000 Index, as part of the 2020 Russell US Index’s annual reconstitution. Membership in the Russell 2000 Index, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. REPAY will also be automatically added to the appropriate growth and value indexes.
Read More: Strider Announces John Mullen, Former Assistant Director of CIA, Joins Company as Advisor
“To be included in this index within a year of becoming a public company is extremely gratifying and strongly complements our company’s momentum and anticipated growth trajectory.”
“It’s an honor to be added to the Russell 2000 Index, and we believe our inclusion will increase REPAY’s exposure with an even larger group of investors for the future,” said John Morris, CEO of REPAY. “To be included in this index within a year of becoming a public company is extremely gratifying and strongly complements our company’s momentum and anticipated growth trajectory.”
Read More: Jack Henry & Associates Launches Core-Integrated Accounts Receivable Financing
REPAY aims to deliver the most frictionless, customer-centric payments experience by partnering with lenders, auto finance companies, credit unions, businesses and other merchants. REPAY’s expanded suite of digital solutions includes interactive voice response (IVR), SMS/text-to-pay, online web portals, and branded mobile applications. The company also offers solutions for loan repayment and distribution systems that are designed to immediately push funds to customers’ debit or prepaid cards.
The annual reconstitution of the broad-market Russell Indexes captures the largest 3,000 U.S. stocks, ranking them by total market capitalization. Representing two-thirds of the Index, the Russell 2000 is comprised of the publicly-traded small-cap companies.
Read More: Simple Announces Launch of Tax Refund Feature to Automate Savings for Customers
