The company will be traded on the NASDAQ under the symbol Paya. Long-term investor, GTCR, will remain Paya’s largest shareholder. Paya gave 2020 revenue at an estimated $205.2 million, up from actuals of $203.4 million. Chief financial officer Glen Renzulli project 2021 revenue of $238 million, a 16 percent increase over 2020. It projects Integrated Solutions to rise by 24 percent. The Payment Services segment is projected to grow by 5 percent. In 2021. ACH products are the lead driver of that growth, said Renzulli, who expects the gross profit margin growth of 18 percent, which will amount to $122 million. He projected operating expenses of $56 million for 2021, a 10-percent increase from 2020. CEO Jeff Hack, who will continue with the operation, expects Paya will end 2020 with about $53 million of adjusted EBITDA. Hack stressed the company’s use of a channel over the direct-selling model used by competitors. Paya utilizes software partners and resellers.  The company estimated partner revenue will be 63 percent of the Integrated Solutions and 37 percent of Payment Services for 2021. Paya intends to sign new software partnerships and will cross-sell ACH services to software partners. Revenue from Integrated Solutions was $120 million in 2019 and expected to reach $122 million this year with growth projected to $151 million for next year. Fitech raised $345 million in its IPO in November 2018 and was formed solely for the purposes of acquiring an operating business.