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) is a fintech company that provides digital financial services through a cloud-based platform, with a focus on payment technology, banking functions, and embedded financial solutions. The AppTech news feed on Stock Titan aggregates company-issued updates and related coverage so readers can follow how its strategy and technology evolve over time.
News about AppTech commonly includes quarterly and annual financial results, where the company reports operating performance and comments on revenue initiatives and cost efficiency. Management often discusses efforts to scale transaction-based revenues, optimize expenses, and move toward breakeven and profitability. These releases provide context on how AppTech’s financial profile is changing as it invests in its platform.
AppTech also issues product and platform announcements, such as the launch of its CoreBanking solution integrated with the FINZEO platform and the introduction of its Lending Integrations and Processing Platform. These updates describe new capabilities like digital onboarding, payment rails, compliance tools, virtual accounts, and lending-related processing for financial institutions and partners.
Another key category of news involves corporate and capital markets developments. Examples include disclosures about Nasdaq listing status and the transition of APCX and APCXW to quotation on the OTCQB market tier, as well as governance changes and financing arrangements. AppTech has also announced strategic transactions, such as the acquisition of Infinitus Pay Inc., which it says enhances its Banking-as-a-Service platform.
Investors and observers can use this news page to monitor AppTech’s financial updates, technology launches, acquisitions, listing developments, and other material events in one place.
AppTech Corp. (OTC: APCX) announced a successful restructuring of the majority of its previously defaulted debt, amounting to over $3M. The company negotiated favorable terms with debt holders, allowing for debt conversion into shares at a discount or a one-year payment forbearance in exchange for equity bonuses. Over $1M of this debt has been converted, significantly improving AppTech's financial position as it aims for a national exchange listing and the launch of its financial services platform.
AppTech Corp. (OTC: APCX), a fintech company based in Orlando, is leveraging innovative payment processing technologies for its merchant services. This includes offering proprietary software for secure digital payments. The company is developing a revolutionary text payment feature aimed at simplifying fund transfers via text messaging. This aligns with the increasing demand for fintech solutions, particularly highlighted by the COVID pandemic. AppTech's diverse offerings enhance customer acquisition and retention in an expanding market.
On April 30, 2021, AppTech Corp. (OTC: APCX) announced the retirement of board member Michael Gross, appointing Michael Yadgar as his replacement. Yadgar, a corporate lawyer with over 20 years of experience, is expected to enhance AppTech's strategic direction during its expansion phase. Andrew Sims will also join the board as an observer, bringing insights from his role as CEO of nDigital Holdings. The company is engaged in a strategic partnership with NEC Payments to deliver innovative fintech solutions, indicating robust growth potential.
On March 8, 2021, AppTech Corp. (OTC: APCX) completed a significant agreement with NEC Payments B.S.C(c), enhancing its digital banking and payment technology offerings. This partnership allows AppTech to provide versatile and secure payment processing solutions, effectively digitizing business transactions. The collaboration includes licensing AppTech's intellectual property to NECP and aims to develop a disruptive text payment solution. Notably, NECP will become AppTech's largest shareholder, strengthening their position in the fintech sector.
AppTech Corp. (OTC: APCX) has completed a strategic agreement with NEC Payments B.S.C(c) to enhance its digital banking and payment solutions. NECP will provide AppTech with advanced payment technology, enabling scalable and secure payment processing. AppTech will license its intellectual property to NECP in exchange for exclusive access to NECP's digital banking platform in the U.S. This partnership aims to streamline payment services for small to medium-sized enterprises and will position NECP as AppTech's largest shareholder, fostering joint growth and innovation.
AppTech Corp. (OTC: APCX) announced a partnership with Innovations Realized LLC to enhance its fintech initiatives, including a mobile text payment solution and digital banking products. The collaboration aims to leverage IR's digital transformation platform, led by CEO Ben Jenkins, to accelerate market penetration and operational execution. AppTech's President, Virgil Llapitan, expressed confidence in achieving growth objectives through this partnership. The company's focus is on improving customer experiences while navigating the evolving fintech landscape.
AppTech Corp. (OTC: APCX) announced a follow-on public offering (FPO) of $15 million in common stock, filed with the SEC. The funds will support the expansion of its digital banking, payment acceptance, telehealth services, and general corporate purposes. This move also coincides with AppTech's plans to uplist to the NASDAQ Capital Market. The offering aims to enhance capital for growth amid competitive fintech market conditions.
AppTech Corp. (OTC: APCX) announced its engagement with Chatsworth Securities LLC to strategize growth in the fintech sector. Chatsworth will advise AppTech on acquisitions and market positioning. Advisors Ralph DiFiore and Marcus Magarian bring extensive experience in technology and payments. In 2021, AppTech plans to launch a mobile text payment solution alongside various digital banking products, aiming to lead in an evolving financial services landscape. The company focuses on innovative payment solutions and enhancing customer experiences.
AppTech Corp. (OTC: APCX) is preparing to file for NASDAQ Capital Market listing, necessitating a reverse stock split to meet minimum share price requirements. The reverse split ratio could range from 1-for-2 to 1-for-12, pending shareholder approval. This action aims to reduce the number of outstanding shares, thereby adjusting prices for Series A Preferred Stock and outstanding stock options. AppTech is a fintech company focused on innovative payment processing solutions and business services, including a text payment system and digital marketing solutions.