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.

Related Links
Global Gaming Expo (G2E) 2003
Win Systems
Flexia Payments LLC Gaming Vendor Information
CasinoTrac - Table Trac, Inc. Gaming Vendor Information

Featured Vendors
TribalHub
AmericanChecked
TribalHub
25th Annual TribalNet Conference Sept 16-19, 2024 Westgate Las Vegas
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Sunkist Graphics, Inc.
Indian Gaming Association's Mid-Year Conference & Expo
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Indian Gaming Association's Mid-Year Conference & Expo
The perfect combination of learning, networking & sharing ideas on today's hottest topics in gaming
Imagine This
Slot Machines Unlimited
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Shenzhen ZhengYuanTai Technology Co., Ltd.
Top One Tech Limited
Shenzhen ZhengYuanTai Technology Co., Ltd.
14 years experienced gaming display manufacturer: open frame, curved, and halo monitors
Top One Tech Limited
Global Touch solution partner of choice, 10+ years OEM manufacturing, 100,000+ units application
Betson Imperial Parts & Service
Regulatory Management Counselors, PC
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
Casino City Press
Casino Schedule Ease
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Oklahoma Indian Gaming Association (OIGA) Conference
Texas Slots & Gaming
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: August 12-14, 2024 Oklahoma City
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Talisman Group Creators of EZ Baccarat
Global Gaming Expo (G2E)
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Players Pal
Rymax Marketing Services, Inc.
Players Pal
Revolutionize the way you connect with your casino players with the Players Pal mobile app
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Dable Advisory & Consulting Services
Dable Advisory & Consulting Services
Advisory & consulting services services for Indigenous entrepreneurs, businesses & organizations


Your Guide to 14,960 Gaming Industry Suppliers