Q&A Interview
with CEO of #Fintech Innovator AppTech Payments Corp. (NASDAQ: $APCX) @AppTechCorp
Vancouver
Kelowna, Delta, BC – Febuary13, 2023 - Investorideas.com, a
leading investor news resource covering Fintech stocks releases an exclusive
Q&A interview with Luke D'Angelo, Chief Executive Officer, Executive
Director, & Chairman of AppTech Payments Corp. (NASDAQ:APCX).
Read this in full
at https://www.investorideas.com/news/2023/technology/02131APCX-CEO-Interview.asp
AppTech
Payments Corp.is an innovative Fintech company with an elite digital platform
that powers seamless omni-channel commerce experiences for clients and their
customers. AppTech is developing a transformative digital payments and banking
all-in-one platform that will upend the Fintech industry. Our embedded, highly
secure platform drives B2B, B2C and P2P capabilities in Payments as a Service
(PaaS) and Banking as a Service (BaaS) from crypto and contactless payment
options to virtual cards, text-to-pay, mobile-to-mobile and cross-border
remittance. For more information, visit apptechcorp.com.
Interview:
InvestorIdeas
Q:
Luke it’s great to have you take the time to give investors some insight on
recent developments at AppTech. Last
week you announced the closing of a $5.0 million registered direct offering.
Can you give the readers some insight into the financing and why this is a positive
step for AppTech?
Luke D'Angelo, CEO
A: Towards the completion of CommerseTM,
AppTech was presented with an opportunity to bring in some additional capital
to pay off our debt, support the continuous integration of Commerse, and provide
general working capital.
The
reason this is so exciting for AppTech is that for the first time, we are 90%
debt free. By paying off the Forbearance agreements before their deadlines in
March, the company has saved 10s of thousands of dollars in interest. As we continue
to grow and move into being profitable, having the debt out of the way allows
us to form even more relationships.
InvestorIdeas
Q:
While we are on the topic of financials, can you give our readers a current
status of where the company is at with the current burn rate, etc. ?
Luke D'Angelo, CEO
A:
Sure! Our current burn rate is just under $400k a month. Our cash position is
significant enough that we will have revenue offset our burn rate prior to us
being out of capital. Currently, AppTech is signing multiple contracts that
will transition into revenue over Q1 and Q1.
InvestorIdeas
Q:
This week you announced your strategic partnership with Nuvei. Congrats on
that. Can you give our readers some context as to why this partnership is great
for building your SaaS opportunities throughout North America?
Luke D'Angelo, CEO
A:
Thank you, we are very excited to be working with Nuvei! This partnership will
have several steps of integration with AppTech and Commerse. As these
developments happen, AppTech will keep the shareholders updated as they will be
significant announcements.
InvestorIdeas
Q: In the press release
announcing your partnership with Nuvei, you mention the 2022 achievement of the acquisition of Hothand
Inc. For readers that are new to your story, can you give us the background on this
acquisition and how these combined milestones set up AppTech for success in
2023?
Luke D’Angelo, CEO
A:
What was significant about the Hothand acquisition was the patented technology
associated with geolocation delivery and company advertising on mobile phones. With
the addition of Hothand’s intellectual property, AppTech’s library now houses a
total of 17 patents.
AppTech
was founded on a portfolio of 4 mobile payment patents. These cover much of the
intellectual property we use on our smartphones daily. Most favorably, this
technology includes “mobile-to-mobile payment system and method” and is what we
refer to as text payment, allowing users to move money by text message, click,
tap, or scan.
As
AppTech’s Commerse platform continues to roll out and build, implementing our
current technology with the Hothand patents allows us to approach bigger
companies like Instacart, Doordash, Uber, and others like them, a better way to
process under our patent platform.
InvestorIdeas
Q: Can you talk about the Commerse tagline, “One
Platform. All Commerce” and the technology and capabilities you have developed?
Luke D'Angelo, CEO
A:
This is the platform tagline because Commerse provides a suite of unified
solutions to enable businesses to deliver seamless user experiences to their
customers with minimal effort. While Commerse houses a ton of bells and
whistles, this suite of services consists of three core product offerings:
Payments-as-a-Service (PaaS), Banking-as-a-Service (BaaS), and
Commerce-Experiences-as-a-Service (CXS). To get a full breakdown, take a peek
at our website, commerse.io.
InvestorIdeas
Q:
In closing is there anything else you would like to share with our readers as
you move into the next phase with the Company?
Luke D'Angelo, CEO
A:
What is exciting about AppTech, besides the fact that our patents touch almost
every aspect of the industry in mobile payment, is the fact that all new
clients coming to AppTech are new market share for AppTech. Whereas our
competitors are struggling to keep market share, we will only continue to gain
market share over the next several years to come!
One
of the ways this will be accomplished is through significant licensing agreements.
Our clients do not want to work with rogue companies, they want to work with
intellectual property that is patented, secure, and proven in the marketplace.
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