Usio Business Summary

Usio, Inc. (USIO) is a full-stack fintech payment processor that generates revenue through transaction-based fees, percentage-of-volume processing charges, and recurring monthly service fees across four primary business segments: ACH and Complementary Services, Credit Card Processing (including its Payment Facilitation or "PayFac" platform), Prepaid Card Issuing, and Output Solutions. The company’s growth is increasingly driven by high-margin Automated Clearing House (ACH) and PINless debit transactions, which achieved record volumes in 2025, alongside its integrated "Usio ONE" platform that embeds payment capabilities into third-party software. In the competitive landscape, Usio operates as a specialized, high-service alternative to industry giants like Block (Square), Stripe, and PayPal, as well as mid-market competitors such as Elavon and AppTech Payments, positioning itself as a critical infrastructure provider for niche verticals requiring complex funds disbursement and secure electronic billing. The company is led by Founder, Chairman, and CEO Louis Hoch, a Certified Payments Professional with over 30 years of executive experience who previously co-founded Billserv, Inc., a pioneer in electronic billing later acquired by American Express. The senior leadership team includes Executive Vice President and Chief Revenue Officer Greg Carter, formerly the CEO of BSG Clearing Solutions and a veteran of MCI and Qwest; Chief Product Officer Houston Frost, who joined following Usio’s acquisition of his company, Akimbo Financial; and Senior Vice President and CTO Ken Keller, who has spearheaded the firm’s technological evolution for over two decades. Usio’s strategic direction is supported by a board of directors featuring independent members such as Blaise Bender and Bradley Rollins, while its institutional investor base includes notable firms such as Vanguard Group, Renaissance Technologies, and Perkins Capital Management.