M&A Deal Summary

Usio Acquires Akimbo Financial

On December 16, 2014, Usio acquired internet software and services company Akimbo Financial for 3M USD

Acquisition Highlights
  • This is Usio’s 1st transaction in the Internet Software and Services sector.
  • This is Usio’s largest (disclosed) transaction.
  • This is Usio’s 1st transaction in the United States.
  • This is Usio’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-12-16
Target Akimbo Financial
Sector Internet Software and Services
Buyer(s) Usio
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

Akimbo Financial

Austin, Texas, United States
Akimbo Financial, Inc. is a social payments provider and prepaid card program manager.

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Buyer(S) 1

Buyer

Usio

San Antonio, Texas, United States
Category Company
Founded 1998
Sector Internet Software and Services
Employees126
Revenue 83M USD (2023)
DESCRIPTION

Usio is an integrated payment solutions provider to merchants and billers. Usio was founded in 1998 and is based in San Antonio, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Singular Payments

St. Augustine, Florida, United States

Singular Payments LLC is the only truly flat rate merchant services provider offering custom software integrations, electronic bill presentment and payment through their Singular BillPAY platform, and credit card processing service to merchants nationwide.

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