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 a Memorandum of Understanding with Broadnet Technologies, LLC, a premier SMS/Text Provider. This collaboration aims to finalize several agreements within 60 days, enhancing AppTech's presence in the global text-to-pay market. Through this partnership, AppTech plans to integrate its CommerseTM platform and patent-based SMS solutions, reaching Broadnet's extensive client base of over 60,000. The initiative is set to drive long-term growth and shareholder value, with a focus on Payments-as-a-Service and Banking-as-a-Service capabilities. Both companies anticipate mutual benefits, as AppTech's products will be integrated into Broadnet's existing offerings.
AppTech Payments Corp. (NASDAQ: APCX) announced its Annual Shareholder Meeting scheduled for May 2, 2023, at 10:00 AM PST. The meeting will be held virtually, allowing shareholders from all locations to participate. Shareholders of record as of March 8, 2023, have been notified via direct mail, and those who have not received the notice by April 7, 2023, are encouraged to contact AppTech's Investor Relations.
AppTech specializes in digital financial services and maintains exclusive licensing and patented technology capabilities, aiming to innovate commerce experiences for businesses and consumers.
AppTech Payments Corp. (NASDAQ: APCX) reported its fourth quarter and fiscal year 2022 results, showcasing a revenue increase of 14% in Q4, totaling $108,000, and a 27% rise for the full year, reaching $450,000. The growth is attributed to increased transaction volumes and additional merchant onboarding. As of December 31, 2022, the company holds a cash balance of $3.5 million. Notably, AppTech launched its Commerse platform, enhancing its offerings in the Payments-as-a-Service space. Following a $15 million public offering in January 2022, the company bolstered its capital with an extra $5 million, positioning itself for strategic growth opportunities.
AppTech Payments Corp. (NASDAQ: APCX), a leading Fintech company, announced its participation in the Nuvei Partner Conference held from March 12-14, 2023, in Scottsdale, AZ. Key executives, including President Virgil Llapitan, will engage with Nuvei's leadership and other partners to explore strategic business opportunities, particularly in Text-to-Pay and Banking-as-a-Service (BaaS). This collaboration aims to bolster AppTech's SaaS offerings and enhance its innovative services, leveraging its patented technology for improved customer experiences. For more details, visit apptechcorp.com.
AppTech Payments Corp. (NASDAQ: APCX) has partnered with MZ Group to implement a strategic investor relations program aimed at enhancing the company's visibility in capital markets. This initiative will promote AppTech's unique Commerce Experiences-as-a-Service (CXS) platform, known for its cloud-based solutions and mobile commerce patents. AppTech aims to leverage its robust balance sheet and leadership to capitalize on the growing digital commerce market, projected to reach $38 billion by 2030. MZ Group's expertise will help AppTech connect with investors and drive revenue growth, ultimately enhancing shareholder value.
AppTech Payments Corp. (NASDAQ: APCX) has announced a strategic partnership with Nuvei (NASDAQ: NVEI) to enhance its global reach and Software as a Service (SaaS) offerings. This collaboration aims to innovate and expand AppTech's services including text-to-pay and geolocation solutions. President Virgil Llapitan expressed enthusiasm about leveraging Nuvei's technology to improve their Commerse platform. This development follows a series of significant achievements in 2022, including acquisitions and partnerships aimed at enhancing payment capabilities.
AppTech Payments Corp. (Nasdaq: APCX) announced the closure of a $5.0 million registered direct offering, selling 1,666,667 shares of common stock and warrants to purchase another 1,666,667 shares at a combined price of $3.00 each. The warrants are exercisable from August 1, 2023, with an exercise price of $4.64 per share. The funds will be utilized for general corporate purposes, including client integration of the Commerse™ platform and retiring loan forbearance agreements. EF Hutton acted as the exclusive placement agent for this offering.
AppTech Payments Corp. (Nasdaq: APCX) announced a registered direct offering totaling approximately $5 million, involving the purchase of 1,666,667 shares of common stock at $3.00 each from a single institutional investor. Concurrently, the company will issue warrants to purchase the same number of shares at an exercise price of $4.64. The offering, facilitated by EF Hutton, is expected to close around February 1, 2023. The shares are being offered through a previously filed shelf registration statement, while the warrants are part of a private placement. This capital is aimed at enhancing operational efficiencies and supporting growth initiatives.
On January 18, 2023, AppTech Payments Corp. (NASDAQ: APCX) announced that it has cured its Nasdaq minimum bid price deficiency. Nasdaq confirmed the continuation of its listing after AppTech maintained a closing bid price above $1.00 for 10 consecutive business days, achieving compliance on January 3, 2023. CEO Luke D'Angelo emphasized the company's growth strategy, mentioning new B2B opportunities and a strong balance sheet, positioning AppTech to enhance shareholder value. The company was also recognized on Fox Business as a top long-term investment option. Forward-looking statements highlight potential risks and market uncertainties.
AppTech Payments Corp. (NASDAQ: APCX) recently hosted a Fireside Chat featuring CEO Luke D’Angelo and market analyst Kenny Polcari, emphasizing future growth and recent company developments. The conversation highlighted AppTech's innovative Fintech solutions designed for seamless omni-channel commerce. Additionally, AppTech was recognized on Fox Business as a promising long-term investment option for stock portfolios. The company aims to enhance operational efficiencies through its patented technology platform, Commerse, which integrates various digital banking and merchant services.
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?
