|AppTech Payments (APCX) Has the Patented Technology That Could Disrupt the Fintech Sector and All Financial Enterprises Can Seamlessly Slide In
“APCX has created the only single platform that does both sides of the banking and merchant processing in the world.”
“MasterCard and VISA have signed on and are fully integrated in”
Good day everyone,
AppTech Payments Corp. (NASDAQ: APCX), is a Fintech company offering and developing a platform for B2B, B2C and P2P capabilities in payments.
Current price $1.73/share (as of 10:00 am EDT 4-25-22)
After an open at $1.86/share and an early high of $1.88 APCX shares have had a slow, but steady early morning start today. The equities markets are tentative this morning however, we could see a bounce soon as they reach oversold conditions.
The real value in APCX lies in their patented technology. Fintech has changed the way we transact business; it’s been years since I’ve seen the inside of a bank and I only keep a small amount of cash on hand. Electronic transactions available to us with fintech 1.0 make our lives simpler and expands our realm of choices, but the system comes with many frustrations like:
The vendor doesn’t accept your payment method.
Hackers constantly invading fintech platforms.
Spending time filling in forms with your card information.
Needing an encyclopedia of your usernames and passwords.
So, what exactly is APCX doing to disrupt fintech?
As I said earlier, the company has four patents that cover any invoicing or sale between a computer and computer, a computer and cellphone, and cellphone and a cellphone. MasterCard and VISA have signed on and are fully integrated in.
Frankly, we are ready for fintech 2.0 and that is where APCX comes in. Today, merchants and banks operate through a “middleman” to accomplish transactions and APCX technology will eliminate that third party. APCX has created the only single platform that does both sides of the banking and merchant processing in the world.
Stay tuned for our full report on APCX.
The Traders News Group
Original report below
This Company May Be About To Dominate All Digital Payments
Their FOUR Patents Could Bring Big Tech To Its Knees – Taking Over The $2.5 TRILLION Global Digital Payment Market. And That’s Not All…
Good day everyone and welcome to all of our new members,
5 Reasons we Think AppTech Payments Corp. (NASDAQ: APCX) Could Quickly Become the Next Fintech Giant
- Consumers, especially GenZ, are frustrated with high friction payment systems and poor digital shopping experiences.
- Traditional payment systems were built long ago and were not built to scale for online and phone payments.
- AppTech Payments Corp. has the ONLY seamless digital payment system that integrates banking and merchant functions for frictionless transactions.
- MasterCard and VISA have signed on and are fully integrated in.
- The company has four patents that cover any invoicing or sale between a computer and computer, a computer and cellphone, and cellphone and a cellphone.
Current price $1.85/share
We all know how strong the fintech sector is, those service fees for every asset transaction are an irresistible lure for many companies and it seems like everyone wants in. Fintech technology is especially strong with a projected CAGR of 20% over the next six years.
I wanted to find a company that operated a fintech platform that was also developing new fintech technology. I looked for a small cap company listed on the NASDAQ, keeping in mind the parameters our members gravitate to, and I came across Apptech. APCX uplisted to the NASDAQ on January 7, 2022, with a $13M capital raise and with the changes happening right now at the company, I expect 2022 to be a breakout year for this company. Currently flying under the radar with near-term potential as well.
APCX has a strong cash position, new blood in their management team, and an appetite for expansion and growth. The bigger players in the fintech sector reflect some lofty market values but I think APCX is just beginning its journey and still offers value for our group.
Luke D’Angelo, CEO of AppTech commented: “we look forward to forming additional partnerships with strong organizations to support integrations of digital banking and business payment acceptances.”
Outstanding shares – 16.3M
Float – 7.5M shares
Insider ownership – 33.6%
Market Cap – $30M
YTD high – $3.15/share
At the beginning of this year, the company closed a public offering, in conjunction with a new NASDAQ listing, of 3,614,458 units, each unit consisting of one share of common stock and one warrant to purchase one share of Common Stock, at a public offering price of $4.15 per unit, for aggregate gross proceeds of approximately $13.0 million. The warrants are exercisable at $5.1875/share for five years.
The $13M capital raise, done in conjunction with the company’s NASDAQ uplist, gives APCX the flexibility to develop the IP necessary to compete in the fintech sector as well as develop SaaS technology to promote within the fintech sector. I’m excited about the future for the APCX digital/mobile platform for PaaS and BaaS but I am more excited about the patented IP portfolio they are building (read below) as that may be the aspect of this company that is irresistible to a bigger fish.
At the beginning of this year APCX welcomed Nicholas Nolasco and Scott Carnley as members of the company’s senior technical leadership team. Nicolas will be AppTech’s Chief Architect responsible for setting the technical strategy and direction of AppTech’s fintech platform. Scott will be AppTech’s Director of Engineering, leading the day-to-day management of AppTech’s Engineering team.
Recent developments at APCX:
Last week, the company announced its definitive agreement to purchase Hothand Inc., a patent holding company which owns the intellectual property rights to a wide array of mobile credit/debit transaction and mobile search, location, offer, and payment fields. AppTech will get Hothand’s portfolio of twelve patents focused on the delivery, purchase, or request of any products or services within a specific geolocation and time provided by a consumer from any cell phone anywhere in the United States. Hothand’s family of patents also includes advertising on mobile phones within the application, where the products or services are purchased.
Under the agreement, AppTech will get Hothand’s patent portfolio which includes USPTO 7,693,752; USPTO 8,554,632; USPTO 8,799,102; USPTO 9,436,956; USPTO 10,102,556; USPTO 10,127,592; USPTO 10,600,094; USPTO 10,621,639; USPTO 10,846,726; USPTO 10,846,727; USPTO 10,909,593; USPTO 11,107,140.
Also last week, APCX announced the appointment of Julia Yu as Senior Vice President of Corporate Finance and Accounting. Julia brings to AppTech over 20 years of finance, accounting, compliance, and SEC reporting experience from various publicly traded companies. Ms. Yu is a Certified Public Accountant, Certified Internal Auditor, Chartered Global Management Accountant, and has MBAs from Webster University and Shanghai University of Finance and Economics.
Last month Howard Fish joined the APCX team as the Director of Sales and Business Development. Howard joins AppTech from i3 Verticals where he served as the Director of Integrated Payments. Howard brings over 30+ years of financial services, banking and integrated payments sales, leadership, and management success to the company. He will be charged to build out and lead the structure of AppTech’s platform sales organization and global business development efforts in both mature and emerging markets.
Recent company accomplishments:
Developed key system functions, including CI/CD pipelines, go-forward scalable and secure AWS infrastructure, POC for Text2Pay Invoice System, and POC for Crypto Payments Invoice System.
Researched, identified, and vetted partnership with digital asset platform partners for blockchain and cryptocurrency use cases.
Co-developed end-to-end, automated product and opportunity intake process to streamline, categorize and prioritize new products/features and business development opportunities.
FYE 2021 results announced March 31st (the APCX 10-K is available here):
4Q21 revenues were $95,136, a 3.0% increase versus 3Q21, driven by larger processing volumes.
Fiscal year 2021 revenues were $353,824, a 7% increase versus Fiscal Year 2020, driven primarily by the addition of new accounts.
Cash balance as of December 31, 2021, was $8,026, however, a public offering closed on January 7, 2022, netting the Company $13.4 million.
APCX shares have been trending over the past month, pushing past their SMA20 of $1.60 and their SMA50 of $1.44/share. I expect the company shares could gain to their YTD high of $3.15/share and beyond.
AppTech Payments Corp. is developing a modular and highly scalable and secure Fintech platform that is set to fuel the future of commerce. Their platform drives B2B, B2C and P2P capabilities in payments as a service (Paas) and Banking as a service (Baas) including crypto currency payments and contactless payment options like text-to-pay, QR, mobile-to-mobile and payments in the metaverse. The APCX platform powers commerce so their clients, including SaaS, e-commerce, technology, retail, financial and consumer brand companies can deliver seamless (commerce) experiences to their customers when, where and how they want to transact.
Based upon industry standards for payment and banking protocols, the company will offer standalone products and fully integrated solutions that deliver innovative, unparalleled payments, banking, and financial services experiences. AppTech’s processing technologies can be taken off-the-shelf or tapped into via their RESTful API to build fully branded and customizable experiences while supporting tokenized, multi-channel, and multi-method transactions.
We will have an updated full report on APCX available soon,
The Traders News Group