Usio
Usio (NASDAQ: USIO) is a San Antonio-based embedded payments platform offering payment acceptance, payment facilitation, card issuing, multi-rail fund disbursements, and print & mail services to SaaS platforms, fintechs, lenders, government agencies, nonprofits, utilities, and SMBs across the United States.
- Company typePublic
- Founded1998
- HeadquartersSan Antonio, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Usio does
Usio (NASDAQ: USIO) is a vertically integrated, publicly-traded payment solutions provider founded in 1998 and headquartered in San Antonio, Texas, with additional development offices in Austin. The company operates a unified embedded payments platform spanning payment acceptance (card, ACH, EMV, hosted pages, BNPL, Text2Pay), payment facilitation via its 'PayFac-in-a-Box' offering, Mastercard-licensed card issuing (sponsored by Sunrise Banks N.A.), multi-rail fund disbursements (virtual/physical prepaid cards, ACH, RTP, push-to-debit, paper checks, PayPal/Venmo), electronic bill presentment and payment, and owned high-volume print & mail operations. The platform is Nacha Certified, PCI Level 1, SOC 2 Type II, and HIPAA compliant and is exposed via REST APIs, white-label embedding, or an ISO relationship with Wells Fargo Bank, N.A.
Revenue is generated primarily through per-transaction fees on $8.4B in FY2025 processing volume, revenue share with embedded SaaS and fintech partners, card issuing program management fees, professional services, and print & mail. The go-to-market is hybrid: direct enterprise field sales for large SaaS platforms, fintechs, lenders, and government agencies; API-driven self-serve onboarding for smaller software platforms; white-label/embedded distribution through flagship partners such as MoviePass, ClassWallet, MobileMoney, PracticeSuite, and BoosterHub; and inside sales plus ISO relationships for SMB merchant processing. Vertical coverage spans SaaS/ISVs, fintechs and digital wallets, lenders, government and nonprofits, utilities and recurring billers, and SMB merchants across the United States.
Usio grew from a 1998 founding through a series of acquisitions — Akimbo Financial, Singular Payments, IMS, and most recently PostCredit Co. (November 2025, all-stock) — and in April 2026 launched a Private-Label Gift Card platform alongside the 'Usio One' brand unification. FY2025 reported revenue of $85.4M (+3% YoY), payment volume of $8.4B (+19%), and 60.4M transactions (+29%); however, the company swung to a $2.5M net loss versus $3.3M of net income the prior year, with gross margin contracting to 23.1% and management guiding to 10-12% revenue growth and positive Adjusted EBITDA for FY2026.
Usio firmographics
Firmographics- Name
- Usio
- Legal name
- Usio, Inc.
- Website
- https://usio.com
- Company type
- Public
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Usio (NASDAQ: USIO) is a San Antonio-based embedded payments platform offering payment acceptance, payment facilitation, card issuing, multi-rail fund disbursements, and print & mail services to SaaS platforms, fintechs, lenders, government agencies, nonprofits, utilities, and SMBs across the United States.
- Ownership category
- akta.pro rank
Usio industry classification
Industry- Product category
- Payment Processing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Direct Debit / ACH Collections & Recurring Billing (FSAMAGAE), Biller Direct EBPP Platforms (FSAMAJAA)
Keywords
Where Usio is headquartered
LocationHeadquarters
- HQ city
- San Antonio
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Usio business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction/Payment Processing Fees: Usio earns transaction fees on every payment processed through its platform, including ACH, card transactions, PINless debit, push-to-debit, and other payment rails. Revenue is driven by processing volume (per-transaction fees), making revenue directly proportional to total payment volume processed ($8.4B in 2025, up 19% YoY).
- Card Issuing & Program Management Fees: Revenue from card issuing programs including prepaid card load fees, program management fees, and cardholder activity charges. This stream was impacted in 2025 by the loss of a reseller's amusement park card program, causing prepaid load volume to decline to approximately $300M from $500M in 2024.
- Revenue Share with Software Platforms: Usio shares a portion of transaction revenue with SaaS partners and software platforms that embed its payments. Partners such as PracticeSuite and BoosterHub generate recurring revenue from every transaction processed through their embedded Usio-powered payments. Usio states partners can earn $60K annually to $1M+ through revenue share.
- Integration & Professional Services: Implementation, API integration, and ongoing technical support services provided to software platforms and enterprise clients adopting Usio's payment infrastructure. Includes developer support, compliance assistance, and custom integration work.
- Print & Mail Services: High-volume print and mail services for bills, statements, invoices, and checks. Revenue generated on a per-piece basis for printing, inserting, and mailing documents, with volume-based pricing benefits from presorting and bulk mailing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Custom enterprise and mid-market pricing — quote-based |
| Transaction based/ take rate | Monthly | Merchant processing — competitive rates with savings guarantee |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels9 records
Usio product offering
Product offeringCore offering
Usio is a vertically integrated payment solutions provider that delivers a unified embedded payments platform combining payment acceptance (card, ACH, RTP), payment facilitation (PayFac-as-a-Service), card issuing and program management, multi-rail fund disbursements, electronic bill presentment and payment (EBPP), and high-volume print and mail services. The company enables software platforms, fintechs, lenders, government agencies, nonprofits, and utilities to embed white-labeled payment infrastructure and earn revenue share, processing over $8.4 billion in annual payment volume across 60+ million transactions.
Product overview
Usio offers a unified embedded payments platform with multiple integrated modules. The core platform encompasses Embedded Payments and Payment Facilitation (PayFac-in-a-Box) for software integration, supported by Card Processing, ACH Payments, and Card Issuing capabilities. The disbursement suite includes Funds Disbursements, Consumer Choice, and Check Printing & Mailing. Additional modules cover Text2Pay, Hosted Payment Pages, Buy Now Pay Later, Electronic Bill Presentment & Payment, and Bill Print & Mail services. Vertical solutions target Lending, FinTech, SaaS, and Nonprofit & Government sectors. The platform is Nacha Certified and PCI Level 1 compliant, processing over $8.4 billion in payment volume annually.
Differentiator
Problem solved
Functional benefit
Brands
- Usio Output Solutions: Print and mail services division handling invoices, statements, and critical document printing and mailing
- PayFac-as-a-Service
- Usio One
Products and services
- Embedded Payments White-labeled, API-driven embedded payments solution that allows software platforms to accept payments (ACH, card, PINless debit, RCC, push-to-debit, digital wallets) and disburse funds directly within their software, generating recurring revenue through revenue share.
- PayFac-in-a-Box (Payment Facilitation) Complete payment facilitation solution enabling software platforms to become registered payment facilitators in under 30 days with automated onboarding, split payments, real-time approvals, and revenue share, eliminating the $1M+ upfront investment and year-long timeline typically required.
- Card Processing Merchant card acceptance supporting EMV, contactless, online, and mobile payments with fast funding, low fees, and built-in fraud protection. Includes merchant processing for SMBs and integrated payment acceptance for software platforms.
- ACH Payments Nacha Certified Third Party Sender offering same-day and next-day ACH processing, real-time payments (RTP), PINless debit, and remotely created checks (RCC) for cost-effective bank-to-bank transfers, with account validation, prenote verification, and OFAC screening.
- Card Issuing & Program Management Platform for creating and managing prepaid, virtual, and physical card programs sponsored by Sunrise Banks N.A. under Mastercard license, with spend controls, MCC restrictions, digital wallet integration (Apple Pay, Google Pay, Samsung Pay), and full compliance support.
- Funds Disbursements Multi-channel disbursement platform delivering funds via virtual and physical prepaid cards, ACH, real-time payments, push-to-debit, paper checks, ATM cash-out (Send-to-ATM), and PayPal/Venmo wallets.
- Consumer Choice Digital disbursement solution that provides recipients with multiple funding choices (debit card, ACH, push-to-debit, check) while the organization assumes escheatment risks.
- Check Printing & Mailing (Output Solutions) High-volume check, invoice, statement, and document printing and mailing service operated by Usio Output Solutions with capacity for over 100,000 checks daily, MRDF envelope matching technology ensuring 100% accuracy, and next-business-day SLA.
- Text2Pay SMS-based payment solution allowing customers to pay directly from their phone via credit card, debit card, or ACH, with automated receipts and confirmation messages.
- Hosted Payment Pages Customizable, mobile-responsive, PCI Level 1 compliant hosted payment pages supporting credit/debit cards, ACH, and remotely created checks, with recurring payment capabilities.
- Buy Now Pay Later (BNPL) Point-of-sale credit solution allowing buyers to split purchases into multiple payments over time, with no integration required and deployment within one week.
- Electronic Bill Presentment & Payment (EBPP) Digital billing platform for bill presentment, payment processing, statement archival, and customer access to billing history, supporting utilities, government, education, and loan servicing organizations.
- Lending Payment Solutions End-to-end payment technology for lenders supporting loan disbursements, repayments, and reconciliation, including ACH, RTP, push-to-debit, RCCs, card issuing, and digital wallet integration.
- Incentives & Promotions Card issuing solution for distributing employee recognition, sales performance incentives, customer referral programs, rebates, loyalty programs, and survey participation rewards.
- Private-Label Gift Card Platform Programmable, omnichannel gift card issuing solution enabling businesses to issue branded gift cards usable across multiple locations, POS systems, and payment processors, targeting hospitality, entertainment, fitness, retail, and travel industries.
Quantifiable outcome
- Payment volume growth of 19% YoY to $8.4 billion in FY2025, with transaction count increasing 29% to over 60.4 million transactions
- +7 more outcomes
Companies that use Usio
Customer profileNamed customers17 records
Segments8 records
Ideal customer profiles6 records
Usio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability3 records
Feature10 records
Usio partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor, core and flagship.
- Antone's NightclubminorAntone's Nightclub partnered with Usio to debut the Private-Label Gift Card platform at the Austin Blues Festival. This partnership was used as a live demonstration of how Usio's gift card technology solves payment fragmentation in the hospitality and entertainment sectors.
- PostCredit CocoreUsio acquired substantially all assets of PostCredit Co, a Los Angeles-based fintech company, in an all-stock transaction. PostCredit developed an expense management and business banking platform primarily used by the film and entertainment industries. The acquisition expands Usio's payment infrastructure and marks entry into the expense management market vertical, integrating PostCredit's platform with Usio's existing services.
- Sunrise Banks N.A.coreSunrise Banks N.A., Member FDIC, serves as the sponsor bank for Usio's card issuing programs under a Mastercard license. Usio operates under Sunrise Banks' BIN sponsorship, enabling the issuance of branded prepaid, virtual, and physical cards. This is a foundational partnership enabling Usio's card issuing and program management business.
- Wells Fargo Bank, N.A.coreUsio, Inc. is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., Concord CA. This relationship enables Usio to offer merchant payment processing services under Wells Fargo's bank sponsorship, providing access to the card networks and payment rails needed to serve its merchant customers.
- Mastercard InternationalcoreUsio's card issuing programs operate under a license from Mastercard International. Cards are issued through Sunrise Banks N.A. and carry the Mastercard brand, enabling global acceptance across the Mastercard payment network. George Siter, Senior Vice President at Mastercard, has provided public testimonials about the partnership value.
- NachacoreUsio is a Nacha Certified Third Party Sender, one of only a select few broad-industry focused certified providers. This certification represents the highest level of commitment toward ACH compliance and enables Usio to originate ACH transactions with enhanced trust and regulatory standing.
- MoviePassflagshipMoviePass is 100% powered by Usio's card issuing and program management engine. Usio provides the complete infrastructure — funding rails, MCC restrictions, compliance controls, card issuing, and disbursement capabilities — entirely white-labeled for MoviePass under the partnership.
- ClassWalletClassWallet is fully supported by Usio's card issuing and program management platform. Usio provides the complete white-labeled infrastructure enabling ClassWallet's education-focused disbursement and payment programs.
- MobileMoneycoreMobileMoney is 100% supported by Usio's card issuing and program management engine. Usio provides the complete white-labeled payment infrastructure for MobileMoney's digital payment programs.
- PCI Security Standards CouncilcoreUsio is a PCI Level 1 Service Provider, the highest level of PCI DSS compliance, certified through the PCI Security Standards Council. This membership enables Usio to process payments at the highest security standard for payment data.
- Electronic Transactions Association (ETA)minorUsio maintains membership in the Electronic Transactions Association, a trade organization for the payments industry. ETA membership provides networking, advocacy, and industry standards participation.
- American FinTech CouncilminorUsio is a member of the American FinTech Council, an industry organization promoting responsible fintech growth and standards in the United States.
- TPPPA (Transparent Payments Processors & Participants Association)minorUsio holds membership in TPPPA, an association for payment processors and participants focused on industry transparency and standards.
- Epay ResourcesminorUsio maintains membership in Epay Resources, a payments industry association supporting prepaid and alternative payment solutions.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Usio competitors and assessment
Company assessmentBroad incumbents
- Adyen: Global unified commerce and embedded finance platform providing acquiring, issuing and payouts, offering overlapping capabilities to Usio as part of a much broader enterprise portfolio.
- Stripe: Large payments platform offering embedded payments, PayFac capabilities, issuing and payouts via API; overlaps Usio's core offerings but at vastly greater scale and breadth.
Emerging players
- Marqeta: Modern card issuing and program management platform powering fintech card programs, comparable to Usio's card-issuing and card-as-a-service business that underpins MoviePass and ClassWallet.
Direct peers
- Finix: Payment facilitation infrastructure enabling software platforms to become PayFacs and monetize payments, competing head-on with Usio's PayFac-in-a-Box / PayFac-as-a-Service offering.
- Stax Payments: Payments technology firm offering embedded and integrated payment processing to software platforms and SMBs, overlapping Usio's ISV and merchant processing segments.
- i3 Verticals: Public integrated payment solutions provider embedding payments into vertical software for public sector, healthcare and education, mirroring Usio's ISV-embedded payments and government focus.
- Payrix: Worldpay-owned embedded payments and PayFac platform for SaaS companies, directly comparable to Usio's white-label embedded payments and revenue-share model for ISVs.
- Priority Technology Holdings: Public US payments and banking-as-a-service company providing merchant acquiring, embedded finance and disbursements, competing with Usio's unified acceptance-plus-payout model at similar small/mid-cap scale.
- Repay Holdings: Publicly traded US integrated payments provider offering ACH, card processing and disbursements across verticals like lending and healthcare, directly overlapping Usio's embedded payments and disbursement rails.
Others
- Deluxe Corporation: Payments and business services company combining merchant/payment processing with high-volume check printing and billing output, thematically adjacent to Usio's combined payments and print/mail (Output Solutions) model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Usio social profiles
Digital presenceUsio compliance and trust
Trust signalCompliance5 records
Usio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Usio leadership team
Management profileNumber of profiles
Profiles19 records
Usio subsidiaries and ownership
Company hierarchySubsidiaries5 records
Usio funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Usio M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Usio
What does Usio do?
Usio is a vertically integrated payment solutions provider that delivers a unified embedded payments platform combining payment acceptance (card, ACH, RTP), payment facilitation (PayFac-as-a-Service), card issuing and program management, multi-rail fund disbursements, electronic bill presentment and payment (EBPP), and high-volume print and mail services. The company enables software platforms, fintechs, lenders, government agencies, nonprofits, and utilities to embed white-labeled payment infrastructure and earn revenue share, processing over $8.4 billion in annual payment volume across 60+ million transactions.
Is Usio a public or private company?
Usio is a public company. It is classified as public and is currently operating.
When was Usio founded?
Usio was founded in 1998. It employs 51 to 100 people.
Where is Usio based?
Usio is headquartered in San Antonio, United States, in the North America region.
How does Usio make money?
Five revenue lines are on record. Transaction/Payment Processing Fees are the primary driver. The others are card Issuing & Program Management Fees, revenue Share with Software Platforms, integration & Professional Services and print & Mail Services.
Who are Usio's main competitors?
Broad incumbents on record are Adyen and Stripe. Marqeta is listed as an emerging player. Direct peers are Finix, Stax Payments, i3 Verticals, Payrix, Priority Technology Holdings and Repay Holdings. Deluxe Corporation is listed as an others.
Does Usio have an API?
Yes. Usio offers a comprehensive suite of APIs for integrated payment solutions, including the Usio Checkout API, Usio Payment API 2.0, Enrollment API, ACH APIs for origination and returns, Card Services API, and Hosted Payment Pages API. The APIs are RESTful and support ACH, card processing, e-check, and Electronic Bill Pay Presentment. APIs support automated merchant onboarding, custom reporting, reconciliation, real-time transaction data, webhooks for event notifications, and SFTP batch file submissions. Developer documentation is available for .Net, JAVA, PHP, Python, Swift, and cURL. Sandbox/testing environment is available. Developer documentation is at payments.usiopay.com/2.0/documentation.
What industry is Usio in?
Usio's product category is Payment Processing Software. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 522320 and its SIC code is 7374.