Floid Acquired by PayModum | Financial Services M&A Deal

PayModum has acquired Floid, a payments processing business in Texas, for $270 million. Floid provides payment-related technology and services that support US bank payment capabilities, strengthening PayModum’s payments processing acquisition strategy in financial services. PayModum acquisitions aim to expand coverage for bank payment workflows and improve processing performance across Texas operations. The other acquisition is part of broader financial services M&A, with deal size reported above $100M, and is positioned as a strategic add-on to accelerate US market penetration.