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San Antonio CEO addresses getting COVID, PPP loan and his company s role during pandemic
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Louis Hoch, CEO and president of Usio Inc., forecasts about $50 million in sales this year.Lisa Krantz /Staff photographer
San Antonio-based Usio Inc. may not be a household name, but it operates in the background of a lot of people’s lives.
Usio is a payment processor. Its technology is embedded in other companies’ software and is, for instance, used by tens of thousands of doctors’ offices to facilitate payments.
“A lot of times you’ll use us and you won’t even know it,” CEO and President Louis Hoch said. “But we sit in the middle of a payment transaction and take money from a consumer or business and pay out the business.”