Tim Murphy, CFO of Repay Holdings Corporation (NASDAQ: RPAY), a leading provider of vertically-integrated payment solutions, was awarded CFO of the Year for the Small Public Company category by the Atlanta Business Chronicle and ACG Atlanta on Thursday, May 20, 2022.
About Tim Murphy
Tim Murphy has been the chief financial officer of REPAY since 2014. He is an experienced financial professional with a demonstrated track record of leading financial operations across multiple industries, ranging from consulting to financial technology. During his time with REPAY, Tim has led the team through several strategic acquisitions, including, BillingTree and Payix.
About the Award
The 2022 CFO of the Year Awards are the pinnacle of achievement for chief financial officers, determined by the Atlanta Business Chronicle and the Association for Corporate Growth Atlanta.
The winners and finalists who met the impressive criteria of growth and excellence over the financial year of 2021 were selected by a panel of Chronicle editors and ACG Atlanta representatives.
This award is meant to recognize the accomplishments of senior financial professionals for their outstanding performance as corporate stewards across multiple categories.
Tim won this prestigious award for his remarkable leadership, steering REPAY through the COVID-19 pandemic and completing various transactions and acquisitions in the last year. The award ceremony was held at the Chick-fil-A College Football Hall of Fame in Atlanta, GA.
What Tim's Contributions Mean to REPAY
Since the advent of the Covid-19 pandemic, businesses that survived 2020 shutdowns and ensuing supply chain and labor challenges were forced to think outside the box to continue generating revenue and minimize loss. Chief financial officers are typically at the center of these vital efforts, imagining new and inventive ways to solve the problems facing their industries.
As many have experienced, the past two years proved difficult for most businesses. Still, extraordinary leaders like Tim have been able to navigate through and even elevate their companies to newer and greater heights, despite the setbacks of the pandemic.
"Tim's deep understanding of all aspects of our business and ability to successfully navigate the public markets was instrumental in taking REPAY public via SPAC," said REPAY's CEO and co-founder, John Morris.
Tim takes pride in the fact that REPAY continued to raise capital and make acquisitions without having to furlough or lay off employees. In fact, at the beginning of 2022, REPAY reported a 41% increase in annual revenue and employed more than 550 people in the United States and Canada, one of the many reasons why Tim is deserving of this award.
As Tim states in his own words, "I've been able to utilize a lot of tools in my kit to access capital markets and effectively use that capital to allocate resources to grow and scale the company."
REPAY believes it takes more than an innovative product to have a successful business, especially during difficult times in our economy. That's why it's crucial to recognize the outstanding accomplishments of individuals who go above and beyond their roles to achieve what some people believe is impossible.
We are incredibly proud of Tim, and we are excited to show the world what he and the rest of the REPAY team have planned for 2022 and beyond.