Breaking #Fintech #Stock
News: AppTech Payments Corp. (NASDAQ: $APCX) Signs Definitive Agreement to
Purchase FinZeo; @AppTechCorp
CARLSBAD,
Calif. - October 16, 2023 (Investorideas.com Newswire) AppTech Payments Corp. (NASDAQ: APCX) ("AppTech" or the "Company"), a
pioneering Fintech company powering frictionless commerce between business to
business and business to consumer, today announced that it has signed a
definitive agreement for the purchase of Alliance Partners, LLC, the owners of
FinZeo, a software development company centered around the movement of money,
nationally and globally. This transaction aligns with AppTech's recent
initiatives, reinforcing the company's commitment to developing innovative
technologies, driving global expansion through strategic partners, and
exploring M&A opportunities to create revenue synergies and expand product
offerings.
Read this in full at https://www.investorideas.com/CO/APCX/news/2023/10161Purchase-FinZeo.asp
FinZeo
was founded in 2018 and is dedicated to delivering innovative payment and
banking technology solutions for businesses of all sizes. By integrating the
FinZeo platform, AppTech believes it can augment its technology offerings,
furnishing users with cutting-edge tools accessible via online portals or
through an API.
FinZeo's
API enables AppTech to efficiently integrate with software providers and
Independent Software Vendors (ISVs), facilitating rapid technology implementation.
The onboarding process for ISVs will be streamlined with the support of video
tutorials, a dedicated customer center, and a sandbox API environment. With the
assimilation of FinZeo, AppTech evolves into a Payment Facilitator (PayFac),
propelling the company's aggregation model.
"We believe that the integration of FinZeo will cement
AppTech's status as a leader in specialty payments," commented Luke
D'Angelo, AppTech's Chairman & CEO. "We believe that FinZeo's product
line enhances our Commerse™ platform, offering a comprehensive PaaS and BaaS
solution. This move will not only amplify our product capabilities but also
extend our market influence, especially concerning significant airport
contracts throughout the United States."
The management of AppTech believes that the closing of this
strategic acquisition can help propel enhancements to AppTech's Commerce
platform, clearing the project roadmap and positioning the Company at the
forefront of technological progress. FinZeo enables capabilities to now span
all banking-as-a-service products, such as virtual accounts and cards, and
encompass money transmitter licenses, thus complementing AppTech's existing
product suite.
One
of AppTech's new standout features is its digital onboarding and underwriting
process, which accelerates the implementation of new fraud protection measures,
fortifying the payment and banking sectors. This integration will empower
AppTech with comprehensive control over funds and the approval procedure.
In addition to the integration of product, a pivotal aspect of
this union will be the acquisition of FinZeo's vast resources, including a
seasoned software technology team and a management and sales division boasting
over 20 years of sales experience in payment processing.
"Additionally, with FinZeo's inclusion, we foresee an
expedited global expansion, complemented by our strategic alliances with
InstaCash and PayToMe. We're excited to have FinZeo's team of professionals
join AppTech upon closing this transaction, and together, we aim to redefine
the global payment ecosystem," Luke D'Angelo concluded.
This transaction is intended to be completed by October 31,
2023, subject to the satisfaction of customary closing conditions.
To learn more about FinZeo, please visit www.finzeo.com.
About AppTech Payments Corp.
AppTech Payments Corp. (NASDAQ: APCX) provides digital financial
services for corporations, small and midsized enterprises ("SMEs")
and consumers through the Company's scalable cloud-based platform architecture
and infrastructure, coupled with our commerce experiences development and
delivery model. AppTech maintains exclusive licensing and partnership
agreements in addition to a full suite of patented technology capabilities. For
more information, please visit apptechcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
inherently subject to risks and uncertainties. Any statements contained in this
document that are not historical facts are forward-looking statements as
defined in the U.S. Private Securities Litigation Reform Act of 1995. Words
such as "anticipate, believe, estimate, expect, forecast, intend, may,
plan, project, predict, should, will" and similar expressions as they
relate to AppTech are intended to identify such forward-looking statements.
These risks and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in methods of marketing, delays in
manufacturing or distribution, changes in customer order patterns, changes in
customer offering mix, and various other factors beyond the Company's control.
Actual events or results may differ materially from those described in this
press release due to any of these factors. AppTech is under no obligation to
update or alter its forward-looking statements, whether as a result of new
information, future events, or otherwise.
Investor Relations Contact
Michael Kim/Brooks Hamilton
737-289-0835
APCX@mzgroup.us
AppTech Payments Corp.
760-707-5959
info@apptechcorp.com
AppTech Payments Corp. (APCX) is a featured tech stock on
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