Jul. 7 at 3:26 PM
$USIO Buying the dip. Micro-cap has evolved from ACH processor into PayFac-as-a-Service for vertical SaaS. Volumes +34 % y/y to
$7.1 B; mgmt guiding 14-16 % rev growth in ’25. Model: embed payments, clip take-rate, partners bring merchants. Q1 margin blip was mix shift + lower interest, not structural. Sub-
$50 M cap = <1× fwd sales while peers trade 4–6×. One solid SaaS win or M&A rumor and this rerates hard. Risk: execution vs FISV/SQ, but odds look asymmetric, paying pennies for a shot at a payments land-grab.