OKTO acquires Flexia Payments to expand its cashless, omnichannel payments solutions in North America

Payments solutions provider OKTO has announced the acquisition of Flexia Payments, a specialty fintech US company. OKTO says that the strategic move is set to accelerate its expansion into the North American gaming markets, and 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 cashless system, which is 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,” OKTO said in a statement.  

 
In addition, Flexia explained that it is well-positioned to combine casino and online wagering accounts, and 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 and 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's 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 and co-founder of Flexia, added.