Paya SPAC Presentation Deck

Appealing Upside Potential for Public Investors 28.1x FOUR 12.3x RPAY 27.4x RPAY 10.2x FOUR 26.2x TEV /'21E Adjusted EBITDA Public Merchant Acquiring Universe¹ 9.0x 23.1x Wilshire 5000² TEV /'21E Revenue Public Merchant Acquiring Universe¹ 5.5x 31 19.6x paya paya 5.2x IIIV 18.4x IIIV Source: Company filings, FactSet (7/16/20), Company management Note: Paya 2021E Adjusted EBITDA includes incremental public company costs 1. Average of: GPN, SQ, WLN, NEXI, PAGS, STNE, NETW, FOUR, EVTC, EVOP, CIEL3, LSPD, IIV, RPAY 2. Average of 32 companies in the Wilshire 5000 with 15% + EBITDA growth, 30% + EBITDA margins, and 80%+ Adjusted Cash Conversion (Adj. EBITDA less adjusted capital expenditures) conversion 15.9x EVOP 5.2x EVOP paya

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