Introduction

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. 

SEE ALSO: Fintech provider Linkly acquires Premier Technologies

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. 

Conclusion

The acquisition of IntegraPay by Payrix marks an exciting development in the Australian payments fintech landscape. With the increasing demand for efficient, global payment solutions, this move allows Payrix to extend its innovative payment technology to a wider network of Software-as-a-Service (SaaS) clients. IntegraPay’s established presence in Australia, New Zealand, and beyond, combined with Payrix’s customizable and scalable fintech platform, will enable businesses to streamline their payment processes and expand globally. This strategic acquisition enhances Payrix’s ability to meet the evolving needs of its clients, ensuring seamless user experiences and providing more growth opportunities for businesses across various sectors.

FAQs

1. What is the significance of Payrix’s acquisition of IntegraPay?
   The acquisition strengthens Payrix’s presence in Australia and New Zealand, allowing it to offer seamless payment solutions to more SaaS clients with global expansion needs. IntegraPay’s established technology and local expertise will enhance Payrix’s platform, facilitating growth and improved payment experiences for clients.
2. What services does IntegraPay offer?
   IntegraPay specializes in providing secure, customized, and innovative payment solutions to small and medium businesses, as well as large corporations across industries such as childcare, accounting, health & fitness, and more. They process millions of transactions each month, worth billions annually.
3. How will this acquisition benefit Payrix clients?
   The acquisition will allow Payrix to offer enhanced payment solutions with local expertise and technology tailored to global SaaS clients. This partnership will help clients eliminate barriers to global expansion, streamline their payment processes, and improve user experience with more flexible and customizable payment options.
4. What is Payrix’s core technology?
   Payrix’s platform is cloud-based and API-first, designed to grow with future technologies. It is highly customizable and scalable, offering vertically-focused SaaS firms the ability to embed payment solutions within their software, helping to generate more recurring revenue while ensuring a seamless user experience.
5. How does Payrix’s platform work?
   Payrix offers two key models: Payment Facilitation-as-a-Service (PFaaS) and Payment Infrastructure-as-a-Service (IaaS). These solutions allow businesses to choose the level of payment infrastructure that aligns with their needs, either embedding payments directly into their software or managing a full payment system.
6. What industries does IntegraPay serve?
   IntegraPay serves a wide range of industries, including childcare, accounting, bookkeeping, and health & fitness, providing ongoing payment solutions to clients in these sectors. The firm processes over $2 billion in payments annually and works with more than 5,000 clients.
7. What will be the future of IntegraPay under Payrix?
   Under Payrix, IntegraPay will continue to operate with its strong local presence while integrating Payrix’s advanced, scalable technology to support further growth and global expansion. The merger will help expand Payrix’s footprint in key markets and deliver more robust, seamless payment solutions.