AppTech Payments Corp.
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AppTech Unveils Revolutionary CoreBanking Solution, Projecting Explosive Growth with Innovative Client Offerings
Newsfilter· 2025-04-22 16:25
Core Insights - AppTech Payments Corp. has launched its CoreBanking solution integrated with the FINZEO Platform, marking its entry into digital banking and retail financial services [1][2] - The CoreBanking solution aims to enhance operational efficiency for banks, allowing them to enter new markets and eliminate outdated technologies [2][4] - AppTech anticipates significant revenue growth, projecting $40,000 in revenue in its first week and monthly revenue exceeding $500,000 by the end of 2025 [4] Product Features - CoreBanking offers a range of services including Digital Onboarding, FedWire, FedACH, Compliance, Virtual Bank Accounts, Risk Management, Ledger, FedNow, and Physical and Virtual Cards [2][4] - The integration with the FINZEO platform allows banks to leverage AppTech's existing client base for transaction fees and deposits, facilitating faster realization of benefits [3][4] Growth Strategy - AppTech's management team has been restructured, and technology has been upgraded to drive revenue growth through the last three quarters of 2025 [4] - The company is focused on expanding its client base, particularly in community banking, and plans to roll out additional partnerships and product launches in April [4]
AppTech Expands Fintech Frontiers with Lender Processing
Globenewswire· 2025-04-17 17:17
Core Insights - AppTech Payments Corp. has launched its Lending Integrations and Processing Platform, anticipating significant growth as partners onboard their networks of portfolio companies [1] - The company aims to exceed 250,000 transactions per month, capitalizing on a marketplace with millions of monthly transactions [1] - CEO Thomas DeRosa expressed confidence in achieving cash break-even by the end of the year, highlighting strong operational momentum and growth trajectory [2] Company Overview - AppTech Payments Corp. provides digital financial services through a scalable cloud-based platform for financial institutions, corporations, SMEs, and consumers [3]
AppTech Payments Corp. Highlights Q4 2024 Financial and Strategic Developments
Globenewswire· 2025-03-07 22:59
Financial Performance - AppTech Payments Corp. reported an operating loss of $2.1 million ($0.08 per share) in Q4 2024, an improvement from a $3.4 million loss in Q4 2023 ($0.18 per share) [1] - The total operating loss for the full year 2024 was $8.8 million ($0.35 per share), compared to $18.5 million ($1.01 per share) in 2023, indicating a significant reduction in losses [1] Organizational Changes - A new investor group committed $5 million to AppTech, leading to significant organizational changes, including the establishment of voting control of the Board of Directors and the replacement of key executives, including the CEO and CFO [2] - The new CFO, Felipe Corrado, expressed optimism about the organizational and operational improvements made in Q4, highlighting a bolstered capital position, reduced expenses, and a narrowed focus on potentially profitable customers [2] Company Overview - AppTech Payments Corp. provides digital financial services for financial institutions, corporations, small and midsized enterprises (SMEs), and consumers through a scalable cloud-based platform [3]