Usio acquires PostCredit in all-stock transaction

Usio (USIO) has acquired substantially all of the assets of PostCredit, Co in an all-stock transaction. PostCredit developed a modern expense-management and business-banking platform used by film and entertainment productions, an industry that requires real-time budgeting, spend controls and project-based cost tracking. The system incorporates AI to ingest receipts, match them to the correct transactions, and automatically apply the appropriate tags reducing manual reconciliation work. Usio believes the platform’s architecture can be extended to support a broader range of business needs. The acquisition supports Usio’s strategy to bring a comprehensive business-banking and expense-management solution to market, fully connected to its payment infrastructure. Usio plans to integrate PostCredit’s technology with its payment acceptance services, ACH and real-time payments, card-issuing programs and disbursement tools. The combined platform is expected to serve as a central hub for clients, offering corporate cards, accounts payable and accounts receivable capabilities including ACH, check issuance, and card acceptance, as well as integrations with QuickBooks and other leading accounting systems. With the PostCredit platform moving under Usio’s umbrella, Usio believes that its capabilities can now be expanded and delivered to a broader market, supported by Usio’s payment infrastructure and product scale. PostCredit Co-founder Benjamin Liu is expected to remain involved in a consulting capacity as the platform transitions into the Usio ecosystem.