OKTO accelerates expansion into North American gaming market

25 October 2023
(PRESS RELEASE) -- OKTO announced the acquisition of Flexia Payments, a specialty fintech U.S. company. This strategic move is set to accelerate OKTO’s market expansion into the North America gaming markets, further enhancing its cashless and omnichannel payments offering.
“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,” said 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.”
The deal followed a successful show of Flexia at the Global Gaming Expo (G2E) 2023, 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.
“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,” said Craig Libson, CEO & Co-founder of Flexia. “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.”
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.
“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,” said Scott Walker, President & Co-founder of Flexia.