Realtime Electronic Payments Secures $100 Million

Ecommerce fintech company Realtime Electronic Payments announced it has raised $100 million in debt financing from SunTrust Bank.

Realtime Electronic Payments, also known as REPAY, is a payment processing services provider that offers a comprehensive line of solutions that includes credit and debit cards, gift cards, ACH, bank account verification, electronic bill payment and instant funding. REPAY is headquartered in Atlanta and has locations in Chattanooga, Chicago, and Fort Worth; its technical team is in Phoenix.

According to the company, Realtime Electronic Payments will use the financing to enhance its financial and operational flexibility.