Repay Holdings Corporation · NASDAQ:RPAY
Repay — Merger or Acquisition (March 2026)
11 slides from Repay's merger presentation, Mar 31, 2026
Slide 1: KUBRA Acquisition Overview
KUBRA Acquisition Overview Exhibit 99.2 March 2026
Slide 2: Disclaimer
Disclaimer Repay Holdings Corporation (“REPAY” or the “Company”) is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (“SEC”) Such filings, which you may obtain for free at the SEC’s website at http://www.sec.go
Slide 3: Transaction Rationale
Transaction Rationale Diversified bill payment and communication platform focused on the utility and government verticals Attractive product offering within non-discretionary categories and recurring billing cycles Deeply entrenched with highly reoccurring revenue streams Leading Provider in Resilie
Slide 4: Transaction Summary
Transaction Summary Transaction Structure REPAY will acquire KUBRA for a purchase price of approximately $372 million Committed financing of $500 million term loan and $100 million undrawn revolving credit facility Net Leverage of approximately 4.0x at close(1); with expectations of returning below
Slide 5: KUBRA Overview
KUBRA Overview Leading bill payment and customer communications platform serving enterprise clients across North America Vertical Expertise Company & Financial Highlights(1) HQ in Mississauga, Canada with regional hubs in the U.S. for communication services & operational support 10+ year average cus
Slide 6: KUBRA Operates in Attractive End Markets
KUBRA Operates in Attractive End Markets Note: Market analysis based on third party research and management estimates as of 3/30/2026 Utilities vertical is the core foundation with adjacent verticals multiplying the opportunity >$2.75 Trillion Total Addressable Market Electric, gas, and water utilit
Slide 7: KUBRA's Proven Growth Framework
KUBRA’s Proven Growth Framework Increase digital payment share of existing client base Execute on vertical GTM strategy to drive new wins across >$2.75Tn TAM(1) Leverage capabilities to expand presence in new & adjacent verticals Expand Usage & Increase Adoption Vertical Expansion New Client Wins in
Slide 8: Value Creation Opportunity
Value Creation Opportunity Transaction is expected to be Free Cash Flow accretive(1) by 25% in 2028 Revenue Opportunities Expense Synergies Capex Savings Increase penetration into all verticals with a comprehensive end-to-end digital bill pay platform; including bill presentment, communications, pay
Slide 9: Acquisition Enhances REPAY's Scale through Vertical Expansion
Acquisition Enhances REPAY’s Scale through Vertical Expansion 2025 COMBINED REVENUE(1) ~$548mm ~$178mm ~32% MARGIN(1) 2025 COMBINED ADJ. EBITDA(1)(2) Combined Mix(1) REPAY to become one of the largest bill payment providers in the U.S. processing over ~$130Bn of combined 2025 Annual Payment Volume…
Slide 10: The Future REPAY
The Future REPAY Expected to become a leading bill payment provider in the U.S. Increased scale into non-discretionary verticals with reoccurring payment flows Reaching ~$548 million in combined Revenue(1) and ~$178 million of combined Adj. EBITDA(1) Expected to be Free Cash Flow accretive(2) by 25%
Slide 11: Thank you
Thank you