Workflow
AlphaCash
icon
Search documents
Alpha Modus Signs Pilot With Major National Retailer to Deploy ~100 AlphaCash Kiosks, Opening Scalable Pathway Toward 1,000s Of Targeted Locations Nationwide
Globenewswire· 2025-12-05 13:13
Core Insights - Alpha Modus Holdings, Inc. has signed a pilot agreement with a major national retail chain to deploy approximately 100 AlphaCash financial service kiosks across Texas, marking the first entry of AlphaCash into retail stores [1][4] - The pilot aims to address the needs of underbanked consumers, with a significant portion of the population in areas like Houston being underbanked [4][6] - Alpha Modus has identified over 4,000 additional U.S. retail locations for potential expansion of AlphaCash, contingent on the pilot's success [3][7] Company Strategy - The pilot represents a material inflection point for Alpha Modus's financial services platform, with a conservative estimate of $2,000 in monthly revenue per kiosk [4] - The rollout will include coordinated joint-marketing efforts between Alpha Modus and the retailer, providing a unified public launch strategy [1][6] - AlphaCash kiosks will initially offer services such as Check Cashing, Money Transfer, Event Tickets, and Mobile Top-Up, with plans for additional services as adoption increases [5][6] Market Opportunity - The underbanked population in the U.S. is estimated at 4.2% of households, indicating a substantial market opportunity for accessible financial services [4] - The pilot will span both rural and metropolitan regions, targeting areas with high concentrations of underbanked consumers [1][4] - Alpha Modus is positioned for accelerated national-scale growth and expanded financial-access impact, leveraging its AI-driven fintech platform [7]
Alpha Modus Financial Services Partners with DolFinTech to Add Check Cashing and Money Transfer Capabilities to the AlphaCash Platform
Globenewswire· 2025-11-18 13:13
Core Insights - Alpha Modus Financial Services has announced a multi-year partnership with DolFinTech to integrate check cashing and money-transfer services into the AlphaCash ecosystem, set to launch in Q1 2026 [1][2][3] Company Overview - Alpha Modus Financial Services is a subsidiary of Alpha Modus Holdings, Inc. and is focused on enhancing financial access for underbanked consumers through its AlphaCash platform [1][2] - DolFinTech operates a nationwide network with over 5,000 agents and retail locations, providing money-transfer and financial-access solutions primarily to the Hispanic community [3][5] Partnership Details - The partnership aims to allow customers to cash checks and send money instantly at retail locations without needing a traditional banking account [3][4] - The collaboration with DolFinTech follows previous partnerships with Synctera and TransPecos Banks, establishing a robust financial-services backbone for AlphaCash [4] Service Offerings - The enhanced AlphaCash platform will enable users to cash government and payroll checks, send or receive money globally, and manage prepaid debit balances via a mobile app and in-store kiosks [2][3] - DolFinTech provides a range of services including money transfer, check cashing, bill payment, mobile reloads, and money orders [6]
Alpha Modus Holdings, Inc. (NASDAQ: AMOD) To Launch AlphaCash, Appoints Puneet “Pete” Vij as VP of Technology to Lead Nationwide Rollout
Globenewswire· 2025-10-27 11:20
Core Insights - Alpha Modus Holdings, Inc. has appointed Puneet "Pete" Vij as Vice President of Technology to oversee the national rollout of AlphaCash, a network of financial service kiosks aimed at enhancing financial inclusion [1][6] - The company is shifting from an external rollout partner model to an internalized deployment strategy, which is expected to provide full ownership, scalability, and higher long-term ROI [3][6] - AlphaCash kiosks will integrate AI and behavioral analytics technology to provide financial services to unbanked and underbanked populations, addressing a significant market opportunity [4][6] Company Strategy - The transition to an internalized deployment strategy reflects management's confidence in its technology and operational capabilities, aiming to maximize shareholder value while accelerating deployment across thousands of retail locations [3][6] - The partnership with Uptiq, a leader in AI-powered financial infrastructure, will support the AlphaCash rollout by providing the necessary financial and compliance backbone [5][6] Market Opportunity - Approximately 24.6 million U.S. households, representing over 62 million individuals, are underserved by traditional banking, indicating a large untapped market for AlphaCash kiosks [4][6] - The initiative aims to convert cash-based transactions into digital and regulated financial channels, potentially capturing hundreds of billions in annual transactions [4][6] Rollout Timeline - The AlphaCash national rollout campaign is set to begin in the current quarter, with phased expansion planned throughout 2026 and beyond [6]
Alpha Modus Holdings, Inc. (NASDAQ: AMOD) To Launch AlphaCash, Appoints Puneet “Pete” Vij as VP of Technology to Lead Nationwide Rollout
Globenewswire· 2025-10-27 11:20
Core Insights - Alpha Modus Holdings, Inc. has launched a new subsidiary, Alpha Modus Financial Services, to facilitate the national deployment of AI-powered financial kiosks named AlphaCash in partnership with Uptiq [1][5] - The company is shifting from an external rollout partner model to an internalized deployment strategy, which is expected to enhance scalability and long-term return on investment (ROI) [3][6] - The AlphaCash kiosks aim to provide modern banking and financial services to the unbanked and underbanked populations in the U.S., addressing a significant market opportunity [4][6] Company Strategy - The appointment of Puneet "Pete" Vij as Vice President of Technology is a strategic move to oversee the AlphaCash rollout, emphasizing the company's commitment to financial inclusion [1][6] - The transition to an internalized deployment strategy reflects management's confidence in its technology and operational capabilities, aiming to maximize shareholder value [3][6] - The AlphaCash initiative is described as a scalable, mission-driven rollout that will control technology, economics, and customer experience [6] Market Opportunity - Approximately 24.6 million U.S. households, representing over 62 million individuals, are underserved by traditional banking systems, highlighting a large untapped market [4] - The annual cash-based transactions within this demographic amount to hundreds of billions, which have not yet transitioned to digital financial channels [4] - By placing AlphaCash kiosks in trusted retail environments, the company aims to convert cash transactions into recurring digital transaction volumes [5] Technology Partnership - Uptiq will serve as a strategic technology partner, providing the necessary infrastructure and AI platform for the AlphaCash rollout [5] - The collaboration with Uptiq is expected to enhance the embedded financial and compliance capabilities of the kiosks [5] Rollout Timeline - The national rollout of AlphaCash is set to begin in the current quarter, with phased expansions planned throughout 2026 and beyond [6]