A world-leading payments technology company Payrix has announced its official launch in Australia and New Zealand via 100% acquisition of a Brisbane-based payments fintech firm, IntegraPay. The Australian acquisition is supposed to boost Payrix’s efforts towards increasing revenue, removing barriers and accelerating the movement of money for a wide network of growing SaaS clients with overseas operations.
About IntegraPay – an Aussie payments fintech
Founded in 2009 in Brisbane, IntegraPay is a payments fintech specialist that offers customized, secure and innovative payments solutions to small and medium businesses as well as corporates.The fintech firm has its operations across Australia, New Zealand, the United Kingdom and the United States. IntegraPay serves customers that require on-going payment solutions and operate in a wide range of industries including childcare, accounting & bookkeeping as well as health & fitness sectors.
Being a leader in offering robust and independent payment services providers in the ANZ region, IntegraPay has processed over a million transactions per month while delivering innovative payments technology, flexible solutions and local service to more than 5000 clients. Annually, the fintech processes payments worth about $2 billion dollars.
Commenting on the acquisition, IntegraPay CEO John De Stefani said they’re delighted to have found a partner who shares both their growth ambitions and values for serving clients.
Payrix on acquiring IntegraPay
Eric Frazier, Payrix CEO says they’ve listened to their clients and so many have exciting plans to expand globally, therefore, it became clear that they needed to eliminate blockers withholding them back. Payrix believes that the market-leading technology, customer-centricity and local presence of IntegraPay will help them in delivering the seamless user experience and growth results their clients need to scale smartly.
Designed and developed by technology and payments experts, Payrix is created to seamlessly grow with the innovative technology platforms of tomorrow. It is a privately-held company that’s headquartered in Frisco and financially backed by Providence Strategic Growth and Blue Star Innovation Partners. The fintech platform by Payrix is a built on cloud and is an API-first platform which is highly customizable, flexible and scalable.
Payments fintech Payrix allows vertically-focused Software-as-a-Service firms to embed as well as manage payments natively within their software, securing more recurring revenue while helping create an awesome user experience. The fintech platform provides the necessary tools to create a seamless and embedded user experience offering its clients the “choice of payment facilitation-as-a-service (PFaaS)”, or a full payment infrastructure (payment IaaS), product which is based on business appetite.
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Image Courtesy: IntegraPay logo