Priority Technology Holdings, Inc. Provides Earnings Guidance for the Full Year of 2021
August 09, 2021 at 04:30 pm IST
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Priority Technology Holdings, Inc. provided earnings guidance for the full year of 2021. For the year, the company expects revenue to be in the range of $480 million to $500 million, a growth of 22% to 28% above 2020 revenue of $392.3 million, excluding Rent Payment.
Priority Technology Holdings, Inc. is a solution provider in payments and banking as a service (BaaS) industry, operating at a scale with 860,000 active customers across its small and medium-sized businesses (SMB), business-to-business and enterprise customer channels. The Company has three segments. SMB Acquiring Solutions segment provides full-service acquiring and payment-enabled solutions for business-to-consumer transactions, leveraging its proprietary software platform, distributed through independent sales organizations (ISO), direct sales and vertically focused independent software vendor (ISV) channels. B2B Payables segment provides accounts payable (AP) automation solutions to corporations, software partners and industry financial institutions (FI), including Citibank and Mastercard. Enterprise Payments and BaaS segment provides embedded finance and BaaS solutions for customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.
PRIORITY TECHNOLOGY HOLDINGS, INC. 
