Apptech Stock Price, News & Analysis

AppTech Payments Corp. (NASDAQ: APCX) has announced plans to expand its operations to Austin, Texas, establishing a new office that will serve as its licensing headquarters and a hub for product development in digital banking and mobile payments technology.

This strategic move aims to enhance AppTech's connections within Austin's growing tech landscape. The expansion follows recent leadership diversifications and a partnership increasing the company's cross-border payment capabilities in Canada, strengthening its position in the fintech sector.

AppTech Payments Corp. (NASDAQ: APCX) announced that its Chairman and CEO, Luke D’Angelo, will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York City. D’Angelo will discuss AppTech's innovative all-in-one commerce platform and future growth strategies. The presentation will be available on-demand starting September 12, with a focus on expanding its cross-border payment capabilities and its recent acquisition of Hothand, enhancing its patent portfolio to 17.

AppTech Payments Corp. (NASDAQ: APCX) announced its financial results for Q2 2022, reporting revenue of approximately $123k and a cash balance of $7.7 million as of June 30, 2022. The company has entered the Canadian market through new partnerships and completed a definitive agreement to acquire Hothand Inc., enhancing its patent portfolio to 17 patents. Efforts to expedite the platform launch include onboarding a new sales director and development team. The CEO emphasized the company's focus on innovative payment solutions, including crypto integration, to meet client demands.

AppTech Payments Corp. (NASDAQ: APCX) announced the addition of Amanda Glosson as Software Engineer and Kaylei Wright as Chief of Staff to enhance its leadership team. Glosson brings 14 years of experience in payments engineering from Blackbaud, while Wright, who has advanced from intern to Chief of Staff, will lead strategic direction and investor communications. The company aims to leverage their expertise to improve customer experiences and expand its digital payments capabilities further with recent partnerships, including an expansion into Canada.

AppTech Payments Corp. (NASDAQ: APCX) has announced a new partnership aimed at enabling cross-border transaction processing in Canada across various retail sectors, including ecommerce, hospitality, and automotive. This collaboration enhances AppTech's payment capabilities, integrating advanced processing solutions, omnichannel functions, and multiple pricing strategies. Additionally, it builds on AppTech's recent acquisition of Hothand Inc., which brings a patent portfolio for geofence-triggered ecommerce. The initiative underscores the company's commitment to transforming customer commerce experiences.

AppTech Payments Corp. (NASDAQ: APCX) has successfully completed the acquisition of Hothand Inc., a patent holding company, enhancing its capabilities in geofence-triggered e-commerce and advertising. The acquisition involves a mix of cash and stock tied to revenue milestones, granting AppTech access to 12 patents related to location-based services via mobile technology. CEO Luke D'Angelo highlights this as a strategic move to strengthen their Fintech offerings and create competitive barriers. The deal is expected to bolster AppTech’s market position and facilitate future licensing opportunities.

AppTech Payments Corp. (NASDAQ: APCX) reported first-quarter 2022 revenue of approximately $104,000, marking a 3% year-over-year increase due to higher processing revenue. As of March 31, 2022, the company had a cash balance of $10.3 million, bolstered by a $13.4 million public offering completed in January 2022. The company executed a definitive agreement to acquire Hothand Inc., increasing its patent portfolio to 16. Recent developments include the onboarding of a new sales director and strategic hires aimed at launching their fintech platform.

AppTech Payments Corp. (NASDAQ: APCX) appointed Julia Yu as Senior Vice President of Corporate Finance and Accounting on April 20, 2022. With over 20 years of experience in finance and accounting, Yu will oversee all financial functions as AppTech seeks global expansion. Previously a Director of Finance at Caladrius Bioscience, Yu holds multiple finance certifications and MBAs. CEO Luke D'Angelo highlights her leadership as essential for the company's growth and strategic goals, particularly in launching their payments platform and pursuing acquisitions.

AppTech Payments Corp. (NASDAQ: APCX) has announced its definitive agreement to acquire Hothand Inc., a patent holding company with a portfolio of twelve patents related to mobile credit/debit transactions and promotional services. This strategic acquisition aims to enhance AppTech's fintech capabilities by integrating Hothand's patented technology, which allows for product and service requests within specific geolocations and times. The purchase will be executed through a mix of cash and stock, reinforcing AppTech's position in the fintech industry.