Paya SPAC Presentation Deck

Assumptions ● Segment ● Integrated Solutions Payment Services Software driven payments Payment Reseller ACH Description Strong partnerships with extensive network of software providers serves as scalable distribution model Model generates significant customer retention from mission-critical nature of payments into business workflow • Payment reseller that owns customer sales cycle • High average ticket and low attrition rates given larger customer base focused on attractive verticals • Proprietary bank transfer capability with direct ODFI relationships Other Assumptions: • Payment Services Gross Margin %: 46.5% - 49.0% • 2021 Public Company costs Opex: $2.0MM Capex/CapDev: $4.0MM - $4.8MM (majority of which is CapDev) Opportunistic Revenue Share buyouts: $3MM - $10MM • Single partner integration experience across ACH & Card with an industry-leading product set 36 • Volume: $18.0bln - $19.5bln • Spread: 78 bps - 80 bps Revenue from fees embedded in spread • Gross Margin: 52.0% - 53.0% ● 2021 Assumption • Volume: $5.85bln - $5.92bln • Spread: 90 bps - 93 bps Revenue from fees embedded in spread ● • Transactions: 32.5mil-34.0mil • Per Transaction: $0.65 - $0.66 • Other ACH/Check/Fee revenue: ● $10.9MM - $11.5MM of other revenue paya

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