Welcome to our dedicated page for Apptech news (Ticker: APCX), a resource for investors and traders seeking the latest updates and insights on Apptech stock.
AppTech Payments Corp (APCX) delivers innovative fintech solutions through its patented payment processing and digital banking platforms. This news hub provides investors and industry observers with timely updates on corporate developments, strategic partnerships, and technological advancements shaping the future of electronic transactions.
Access comprehensive coverage of APCX's merchant services innovations, cloud platform enhancements, and financial performance updates. Our curated collection includes earnings reports, product launch announcements, and regulatory filings - all essential for understanding this NASDAQ-listed company's market position.
Key updates feature developments in credit card processing technologies, digital banking integrations, and IT service expansions. Track APCX's progress in bridging traditional financial services with cutting-edge mobile solutions through verified press releases and official statements.
Bookmark this page for continuous access to AppTech's latest milestones in payment infrastructure development and merchant partnership programs. Check regularly for updates on patented technology implementations and industry-specific digital transformation initiatives.
AppTech Payments Corp (NASDAQ: APCX) has launched its new CoreBanking solution, integrated with the FINZEO Platform and its first banking client. The solution offers Digital Onboarding, FedWire, FedACH, Compliance, Virtual Bank Accounts, Risk Management, Ledger, FedNow, and Physical/Virtual Cards.
The CoreBanking platform is projected to generate $40,000 in first-week revenue, scaling to over $500,000 monthly by end-2025. The company aims to help banks improve operational efficiency, enter new markets, and eliminate reliance on outdated technologies while leveraging AppTech's existing client base for transaction fees and deposits.
AppTech has restructured its management team and upgraded technology to drive revenue through 2025's final three quarters, focusing on expanding to community banking clients in the FINZEO pipeline.
AppTech Payments Corp (NASDAQ: APCX) has launched its new Lending Integrations and Processing Platform. The company has successfully underwritten several prominent loan processors and expects significant growth as partners onboard their portfolio companies.
Management projects reaching over 250,000 transactions per month in the near term, operating in a market with millions of monthly transactions. CEO Thomas DeRosa expressed confidence in achieving cash break-even by year-end, citing strong operational momentum.
AppTech Payments Corp (NASDAQ: APCX) reported its Q4 2024 financial results, showing improved performance with a reduced operating loss of $2.1 million ($0.08 per share) compared to $3.4 million ($0.18 per share) in Q4 2023. The full-year 2024 operating loss decreased to $8.8 million ($0.35 per share) from $18.5 million ($1.01 per share) in 2023.
The fintech company underwent significant changes in Q4 2024, including a $5 million investment from a new investor group who gained Board voting control and implemented leadership changes, replacing the CEO and CFO. New CFO Felipe Corrado highlighted organizational improvements, strengthened capital position, reduced expenses, and a narrowed focus on potentially profitable near-term customers. The company will file its 2024 Form 10K on March 31, 2025.
AppTech Payments Corp. (NASDAQ: APCX) has received an extension from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Stock Market. The company must meet specific conditions, including filing a public disclosure by March 31, 2025, demonstrating that its shareholders' equity deficiency has been resolved. This information will be detailed in the company's 2023 10-K filing, expected by March 15, 2025.
Additionally, AppTech has until May 5, 2025, to meet Nasdaq's $1 minimum bid price per share requirement. The Panel approved the company's request to increase its stock price organically, partly based on their compliance with the Equity Rule. CEO Thomas DeRosa expressed confidence in the company's strengthened position following recent restructuring efforts, stating they are poised to generate significant revenue across multiple verticals.
AppTech Payments Corp. (NASDAQ: APCX) announced significant leadership changes effective December 24, 2024. Luke D'Angelo has resigned as CEO and Executive Director but will continue as Chairman of the Board. Thomas DeRosa, who has served as Executive Director of Product & Project Management since August 2023, has been appointed Interim CEO. DeRosa brings over 40 years of experience in technology leadership.
Additionally, Meilin Yu's employment as Chief Financial Officer and Treasurer has ended. The company has appointed Felipe A. Corrado IV, who has served in various financial roles at AppTech for about 3 years, as the new CFO and Treasurer. Corrado brings over two decades of experience in financial leadership roles.
PayToMe.co has secured the #2 position in the Hatcher+ Global Top 100 Startups for November 2024. The AI-powered fintech marketplace leverages patented Text-to-Pay technology and operates in the financial services market, projected to exceed $600 billion by 2029.
The company's platform features customizable digital invoicing supporting 100+ countries, AI-driven compliance for KYC/KYB processes, and global merchant services operating in 34 countries and 14 languages. PayToMe.co connects to 12,000 financial institutions and 7,000 applications globally.
Strategic partnerships include collaborations with Stripe, Plaid, US Bank, Startupbootcamp, and AppTech Payments Corp (Nasdaq: APCX). The Hatcher+ recognition, based on an AI-driven evaluation tool analyzing 600,000 deals and 20 billion simulated funds, validates PayToMe.co's potential for growth and market impact.
AppTech Payments Corp (NASDAQ: APCX) announced a $5 million common stock investment from AFIOS Partners at an average price of $0.96 per share. The deal includes approximately 13 million warrants at prices between $0.90 and $1.20, which could provide up to an additional $14 million in equity if fully exercised. As of December 16, 2024, $2.5 million of the commitment has been received.
The company also underwent significant Board restructuring, reducing members from seven to five. Albert L. Lord, Thomas J. Kozlowski Jr., and Calvin D. Walsh were appointed as new directors, while Christopher Williams, Michael O'Neal, William Huff, and Mengyin H. Liang resigned.
AppTech Payments Corp (NASDAQ: APCX) reported Q3 2024 financial results, showing revenues of $43,000, down from $140,000 in Q3 2023. Operating expenses decreased to $1.9 million from $3.0 million year-over-year, while net loss narrowed to $2.0 million from $2.9 million. The company raised $1.9 million through convertible notes and warrant exercises.
The company continues focusing on platform innovation and expanding partnerships in credit unions, ISOs, and airports sectors. Key growth initiatives include BaaS program expansion, white-label solutions, FinZeo platform rollout, and the upcoming InstaCash launch. A new strategic partnership with a 40,000-client portfolio is expected to expand market presence.
PayToMe.co has successfully completed its Seed Round with investments from Startupbootcamp and ACH Australia Investments. The AI-driven fintech platform aims to become the 'Amazon of Financial Services' by creating a comprehensive marketplace for SMBs. The company addresses a $150 billion market opportunity, targeting the $48 billion annual losses faced by 400 million SMBs due to fraud, invoicing errors, and payment delays. Through partnerships with Plaid, Stripe, and US Bank, PayToMe.co connects 12,000 financial institutions and 7,000 applications globally. The company is now preparing for Series A funding to scale its platform and expand its go-to-market strategy.
AppTech Payments Corp. (Nasdaq: APCX) has announced significant growth milestones, including a new strategic partnership that will expand its white-label ACH platform to 40,000 clients. The company's automated underwriting system will facilitate rapid onboarding. AppTech's recent achievements include:
- Success of the BaaS pilot program, introducing virtual accounts and advanced features
- Development of InstaCash platform for real-time transactions and financial literacy
- Continued roll-out of FinZeo platform to credit unions nationwide
- Adoption of FinZeo by airports, with plans to expand to 40 locations in 2024
These initiatives aim to drive growth, enhance financial capabilities, and position AppTech for long-term shareholder value.
