Welcome to our dedicated page for AppTech Payments news (Ticker: APCX), a resource for investors and traders seeking the latest updates and insights on AppTech Payments stock.
AppTech Payments Corp. (NASDAQ: APCX) is a leading FinTech company headquartered in Carlsbad, CA, offering innovative digital financial services. The company provides scalable cloud-based payment processing and digital banking solutions, catering to financial institutions, corporations, SMEs, and consumers through its branded subsidiaries, Transcendent One and Transtech One.
Transcendent One stands out as the first merchant-owned credit card processing company, awarding its merchants shares based on processing volume. It offers a comprehensive suite of merchant services including credit card processing, electronic check & ACH processing, gift & loyalty card programs, and merchant cash advance services. Meanwhile, Transtech One delivers commercial and residential IT services through its regional retail centers, uniquely integrating IT services with merchant solutions.
AppTech leverages patented mobile technologies to enhance its offerings, ensuring secure, adaptable, and immersive commerce experiences. Its proprietary software suite, including the FinZeo™ platform, provides eco-solutions enabling seamless user experiences. Recently, the company announced a partnership with a credit union network, integrating FinZeo to be available nationwide by Q2 2024, enhancing credit union and legacy bank services.
The company is committed to driving innovation in the FinTech sector. Recent milestones include the introduction of InstaCash, Inc.'s mobile-to-mobile payment system, expanding to Brazil and Mexico, and the acquisition of FinZeo, transforming AppTech into a Payment Facilitator (PayFac). Additionally, AppTech has been enhancing financial literacy through the InstaCash platform, targeting underbanked demographics with educational initiatives.
Financially, AppTech reported a revenue increase of 12% in 2023, driven by new licensing revenue. The company's strategic capital raises and partnerships with entities like FISB Solutions aim to modernize community banks with neobank technologies, ensuring they remain competitive in the digital era.
Moreover, AppTech's recent public offerings and shareholder engagements underscore its proactive approach to growth and stakeholder value. The company continues to innovate and expand its market reach, positioning itself as a significant player in the global FinTech landscape.
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.
AppTech Payments Corp. (Nasdaq: APCX) reported its Q2 2024 financial results, showing strategic progress and operational efficiency. Revenue decreased to $76,000 due to lower merchant processing revenue, aligning with the company's focus on long-term growth initiatives. Operating expenses were reduced to $3.0 million, down from $9.4 million in Q2 2023. The net loss improved to $(2.9) million, compared to $(9.1) million in the same period last year. Earnings per share improved to $(0.12) from $(0.49).
Recent highlights include a settlement agreement with Infinios Solutions, successful piloting of multiple portfolios, integration of payment systems for airports, a strategic partnership with FISB Solutions, and the launch of a Banking-as-a-Service platform. AppTech is focusing on consolidating operations to support revenue scaling.
AppTech Payments (Nasdaq: APCX) announces a strategic partnership with FISB Solutions to update the legacy core banking systems for over 200 community banks. This collaboration aims to integrate the latest neobank technologies, offering these banks a competitive edge in digital banking. AppTech will introduce Independent Sales Organizations (ISO) to support community banks in expanding their customer base without additional costs. Jerry Federico, President of FISB Solutions, praised AppTech's fintech solutions, emphasizing the alignment in commitment to enhancing community banks and credit unions with top-tier fintech services. The initiative focuses on modernizing technology, expanding reach, and driving growth for community banks.
AppTech Payments (Nasdaq: APCX) has completed a successful pilot program for its Banking-as-a-Service (BaaS) platform, which will be used to launch InstaCash. This platform offers virtual accounts, debit and credit cards, and high-yield financial products. InstaCash aims to democratize banking for SMEs, offering features like T-bills and SMS invoicing. Over 200 Independent Sales Organizations are expected to adopt this platform. InstaCash provides real-time, account-to-account transactions and integrates seamlessly with existing bank infrastructure. It also plans to offer financial literacy courses to underbanked demographics in the U.S., South America, and Canada.
AppTech Payments Corp. (NASDAQ: APCX) announced strong financial results for Q1 2024, showcasing significant progress. The company reported Q1 2024 revenue of approximately $105,000, an 18% increase from the previous year. Operating expenses were reduced by 13% to $3.1 million, and net loss improved by 4% to $(3.0) million. Earnings per share rose by 39% to $(0.13). Recent achievements include a positive reception at the Planet MicroCap Conference and a new partnership with a sports agency aimed at expanding market reach. An upcoming shareholders' meeting on May 29, 2024, will discuss future strategies.
FAQ
What is the current stock price of AppTech Payments (APCX)?
What is the market cap of AppTech Payments (APCX)?
What services does AppTech Payments Corp. provide?
What is the FinZeo platform?
How does Transcendent One differ from other credit card processing companies?
What is InstaCash, and how is it beneficial?
What recent partnerships has AppTech announced?
What are AppTech's recent financial highlights?
How is AppTech contributing to financial literacy?
Where is AppTech Payments Corp. headquartered?
What is AppTech's Specialty Payments development and delivery model?
What is the significance of the FinZeo integration with credit unions?
