Rev19, LLC, a Southlake, TX-based fintech company, announced the acquisition of PayK12, LLC (“PAYK12”), a next-generation, school payments solution. The acquisition of PAYK12 reinforces Rev19’s strategic commitment to increase vertical market penetration through integrated payment solutions.
Headquartered in Indianapolis, PAYK12 is a cloud-based software platform that provides districts, schools, and the departments within, one digital hub for managing school payments and funds. The district-level system supports single sign-on integration with existing school management systems and features dashboard reports with district-wide, real-time sales data and trends, an online payment portal for parents, and cloud-based reporting. Built on the foundation of its first iteration, Ticketracker, PAYK12 brings elite-level event and stadium ticketing solutions to the fingertips of athletic directors, drama teachers, music departments, parents, and students.
Rev19’s mission is to transform the payments industry into a transparent, service-centric space that advances the growth of organizations. This requires providing tools, technology, and data that allow these organizations to more efficiently manage their operations in today’s rapidly changing, technology-driven marketplace. The partnership allows Rev19 and PAYK12 to blur the lines between fintech and edtech, with planned integrations with digital, e-learning platforms pending in 2020.
“This partnership could not be a better fit for what PAYK12 is trying to do in the education space by servicing school districts across the country with one of the best online and mobile payment solutions on the market,” said Chad Buntin, President and COO of PAYK12.
“With PAYK12, we seek to streamline education payments by integrating their platform into our existing, proprietary tech stack. The goal is to place industry-leading fintech in the hands of educators and students so they can rapidly boost learning outcomes in the classroom,” said Rev19 CEO Corey Young.