OKTO has announced the completion of its acquisition of US fintech Flexia Payments.
OKTO emphasised the deal will accelerate its market expansion into North America and its gaming market, allowing the firm to roll out its cashless and omnichannel payments offering to new customers.
OKTO will inherit Flexia’s cashless ecosystem and all of its partnership portfolio that includes companies like WinSystems, Axes Information Management Systems and CasinoTrac, enabling it to drive innovation across North American casinos and gaming venues and digitise their activities.
Theo Engelis, VP North America of OKTO, said: “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 omni channel offering.
“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.”
Comments were also provided by Flexia’s co-founding duo Craig Libson and Scott Walker, who shared their excitement of embarking into a new journey together with OKTO that is set to elevate the North American gaming experience for players across the continent.
Libson, who is also Flexia’s CEO, said: “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.”
Flexia’s President Walker added: “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.”