15 Best Technology Penny Stocks to Buy

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9. Repay Holdings Corporation (NASDAQ:RPAY)

Share Price: $3.50

Number of Hedge Fund Holders: 21

Repay Holdings Corporation (NASDAQ:RPAY) is one of the best technology penny stocks to buy. On November 20, Repay Holdings Corporation (NASDAQ:RPAY) presented at the Stephens Investment Conference and shared its strategic plans for future growth. The company faced some challenges earlier in 2024, such as negative growth and margin pressures. However, Repay Holdings Corporation (NASDAQ:RPAY) is still focused on growing its market presence and improving its tech offerings.

To support future growth, Repay Holdings Corporation (NASDAQ:RPAY) is investing in technology and sales development. The company is focusing on B2B payments and engaging consumers through new and creative solutions. It is aiming to keep its EBITDA margins strong and achieve more than 50% free cash flow conversion by the end of 2025.

The company’s go-to-market strategy involves investing in enterprise sales, technology and client engagement. John Morris, CEO of Repay Holdings Corporation (NASDAQ:RPAY), said that investments made last year in enterprise sales are now showing strong results and bookings are healthy this year.

In B2B payments, growth is coming from automating accounts payable (AP). Repay Holdings Corporation (NASDAQ:RPAY) is focusing heavily on AP because the company believes automation here offers huge opportunities. The company is embedding its services in enterprise platforms and believes this will help monetize this large untapped market.

In support of this, Repay Holdings Corporation (NASDAQ:RPAY) has also built its own vendor network, which now includes up to 524,000 vendors.

Repay Holdings Corporation (NASDAQ:RPAY) is a payments technology company that offers integrated payment processing solutions to verticals with specific transaction processing needs.

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