Paya Holdings Inc., a payments technology company that went public in 2020 through a blank-check deal, is exploring a potential sale amid takeover interest, according to people familiar with the matter.
Paya is working with an adviser to field interest, the people said, asking not to be identified because the matter is private.
Large, publicly-traded payments companies are circling the company as bidders, the people said.
Paya rose 2.3% to close at $5.37 in New York trading Friday, giving it a market value of about $709 million.
Paya helps insurers, utilities, nonprofits, and other customers collect payments and process checks, among other services, according to its website.