Sage Payment Solutions has gone through a rebranding and it’ll be running with its new identify, Paya (pronounced pie-ya). The identify exchange comes after the purchase of the corporate in June of 2017 through GTCR for $260 million.
Sage Payments is Now Paya
As a part of the rebranding, Paya will probably be specializing in innovation within the fintech section and increasing its channel spouse program. Considering how a lot GTCR stated it’ll make investments to make this imaginable, Paya will probably be a participant to be reckoned with within the close to long run.
The fintech marketplace is populated with many alternative firms offering services and products that in particular deal with small companies. Everything from cellular POS to paying freelancers remotely with versatile fee alternatives are options those companies rely directly to run their day by day operations and keep aggressive.
When GTCR bought Sage Payment Solutions, it stated it used to be going to speculate $350m within the department. The funding is going for use to make the corporate, “Become the foremost technology platform helping companies run their businesses better,” This in keeping with Joe Kaplan, Paya CEO.
In the press free up, Kaplan added, “Our mission is to deliver new technologies to the market and offer innovative, integrated payment solutions that will help our customers simplify business complexity and concentrate on growing their business.”
The channel spouse program may also have the benefit of the funding, as the corporate stated it is going so as to add new, tough gear and belongings with the function of monetizing new and current alternatives.
The Paya Partner Program is going to be having a look to generation suppliers, referral organizations, and impartial gross sales organizations (ISOs). By pursuing participation with those teams, the corporate desires to leverage the belongings and advantages of the spouse program and its omnichannel answers platform.
Paya will proceed to supply fee answers for companies of all sizes so they may be able to perform on-site, on-line, or at the cross.
Paya used to be divested from former guardian corporate Sage Software in August 2017.