OKTO Acquires US-Based Flexia Payments

Las Vegas, 24 October 2023  — OKTO today announced the acquisition of Flexia Payments, a specialty fintech US company. This strategic move is set to accelerate OKTO’s market expansion into the enhancing North America gaming markets, further its cashless and omnichannel payments offering.

The deal followed a successful show of Flexia at the Global Gaming Expo (G2E), where the company showcased its innovative cashless system, seamlessly integrated with an expanding suite of partners including WinSystems, Axes Information Management Systems and CasinoTrac. With the completion of this acquisition, the Flexia team joins forces with OKTO, to jointly keep driving cashless and omnichannel payment solutions to North American casinos and gaming venues, enabling them to usher full digitalization of customer experience across gaming and non-gaming activities.

In addition, Flexia is well positioned to combine casino and online wagering accounts, the casino loyalty programs, all connected to a Flexia Prepaid Mastercard® – into a single digital payment solution.

“This acquisition aims to place OKTO at the forefront of digital payment services provision in the North American land-based and online gaming markets via its omnichannel offering,” commented Theo Engelis, VP North America of OKTO. “We’re excited about this partnership, which marks a significant enhancement for both companies, and aligns with our ongoing cashless strategy in Europe and Latin America.”

Craig Libson, CEO & Co-founder of Flexia, shared: “Our partnership with OKTO grants us access to significant resources and capabilities, accelerating the deployment of advanced cashless and omnichannel payment services to the ever-expanding gaming market. The synergies between the two companies, our industry best platform and pipeline, blended with OKTO’s powerful payment technology and existing business line combine to form the foundation for success in the North American market and beyond.”

“Our alignment with OKTO enables us to complete our mission to drive digital payment innovation in the world of online and land-based casino gaming, and in particular allows us to put our plans into action in North America.”  Scott Walker, President & Co-founder of Flexia, added.

For media inquiries, please contact Diana Theodoridi, Marketing Director: theodoridi@oktopayments.com

About OKTO 

Digital Payments for the Real World

OKTO powers digital payments for every entertainment, leisure, and gaming environment. Our unified payment platform combines secure, real-world transactions with the most powerful payment technology to create immersive payment experiences for both merchants and their users.

Since 2019, OKTO has been improving payment interactions for online and retail gaming and introducing frictionless digital payments with its local knowledge, sector expertise and international capabilities. This includes supporting customers across various regulatory landscapes with an embedded omnichannel approach.

The expanding business now employs over 140 payment experts, gaming insiders and software engineers, serving some of the most exciting international markets including Brazil, Romania, Italy, Greece, Germany, the UK, and Spain.

By enabling responsible real-time transactions, we remove the friction and risk associated with traditional payments and deliver digital transformation opportunities for our customers and millions of consumers around the world.

Find out more about OKTO: www.oktopayments.com

ABOUT Flexia

Powering the Cashless Experience

Flexia, a specialty Fintech company, transforms the customer experience with a truly cashless solution – providing players ease and flexibility to fund their gaming accounts and extending casino loyalty benefits beyond the walls of the casino. The Flexia® Cashless Solution has modernized digital payments by linking gaming accounts with the external payments ecosystem and enabling customers to earn loyalty points for spend outside the casino. Flexia is the only provider to combine multiple accounts – casino and online wagering accounts, casino loyalty program, and a Flexia Prepaid Mastercard® – into a single cashless solution.

Find out more about Flexia: FlexiaPayments.com.

SOURCE: OKTO.