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 Payments Corp. (NASDAQ: APCX) has received an extension from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Stock Market. The company must meet specific conditions, including filing a public disclosure by March 31, 2025, demonstrating that its shareholders' equity deficiency has been resolved. This information will be detailed in the company's 2023 10-K filing, expected by March 15, 2025.
Additionally, AppTech has until May 5, 2025, to meet Nasdaq's $1 minimum bid price per share requirement. The Panel approved the company's request to increase its stock price organically, partly based on their compliance with the Equity Rule. CEO Thomas DeRosa expressed confidence in the company's strengthened position following recent restructuring efforts, stating they are poised to generate significant revenue across multiple verticals.
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.