REPAY partners with Katabat for improved consumer lending and receivables management

By Pavithra R

Repay Holdings Corporation, a leading vertically-integrated payment solutions provider has announced that the company has partnered with Katabat, a leading global supplier of SaaS-based debt management software solutions.

The integration between the platforms is expected to bring new efficiencies to the consumer lending and receivables management industries, optimising consumer engagement, streamlining communications, and reducing delinquencies over the loan lifecycle.

“We are thrilled to partner with Katabat and look forward to enhancing operational efficiencies for our integrated clients throughout the United States and Canada. We believe the integration will add tremendous value to our clients’ current loan servicing, communication, and debt collection processes, ultimately enabling them to reduce costs, increase profits, and enhance the consumer experience,” said Susan Perlmutter, Chief Revenue Officer of REPAY.

Katabat’s digital debt collection software enables clients to meet the growing consumer demand for omnichannel access to review payment offers and make payments. Under the collaboration, REPAY’s proprietary platform will serve as one of the payment engines behind Katabat’s solutions, enabling lenders and debt collection agencies to accept credit and debit cards as well as ACH payments, through an online web portal. Katabat clients will also have the ability to leverage the benefits of consumer facing payment channels, including Interactive Voice Response (IVR)/phone pay, text pay, and the REPAY mobile app.

“In an increasingly digital world, we are excited to offer our clients superior capabilities to optimize the customer experience and increase payments with the integration of the REPAY payment platform. We also recognize that these are challenging economic times and are confident this partnership with REPAY will offer a win-win solution for clients and customers looking to resolve their debt with the control and privacy afforded by digital channels,” said Elysandra Ziegler, VP of Account Management and Strategic Partnerships at Katabat.

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Founded in 2006, REPAY is an established and fast-growing payment technology and processing provider in the consumer finance, healthcare, financial institution, auto, and account receivables management (ARM) industries. The FinTech provides integrated payment processing solutions to verticals that have specific transaction processing needs.