Usio Reiterates Fiscal 2023 Revenue Growth Guidance of 18-20%
Usio, Inc. (Nasdaq: USIO), a cloud-based, integrated FinTech electronic payment solutions provider, today reiterated Guidance that full year 2023 revenues will increase 18 – 20% from full year 2022 based on strong fourth quarter transactions and processing volume, as reported below.
- Usio, Inc. (Nasdaq: USIO), a cloud-based, integrated FinTech electronic payment solutions provider, today reiterated Guidance that full year 2023 revenues will increase 18 – 20% from full year 2022 based on strong fourth quarter transactions and processing volume, as reported below.
- Growth in Usio’s Card business was led by a 17% year-over-year increase in PayFac volume.
- Total Card reported a sequential acceleration in the rate of dollars processed growth, improving to 8% in the fourth quarter from 5% in the third quarter, delivering full-year record processing volume.
- Card growth primarily reflects the increasing strength of Usio’s PayFac business, which was up 17% year-over-year in the quarter.