AppTech Payments Corp. Announces Letter of Intent to Acquire FinZeo
20 September 2023 - 1:30PM
AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company
powering frictionless commerce between business to business and
business to consumer, today announced the Company executed a Letter
of Intent (“LOI”) to acquire Alliance Partners, LLC, owners of
FinZeo. Terms of the transaction have not been disclosed as they
are subject to reaching a definitive agreement.
FinZeo is a software development company founded in 2018, that
focuses on providing advanced payment and banking technology to
both large and small businesses. The FinZeo platform provides
cutting-edge technology that can be accessed via online portals or
consumed via API. The company’s goal is to make payments more
efficient and economical.
Luke D’Angelo, Chairman & CEO of AppTech
Payments Corp., expressed his enthusiasm for this transformative
acquisition, stating, “This marks a pivotal moment for AppTech,
propelling us towards an accelerated growth trajectory as we
continue to maximize the potential of our platform and reshape the
global payment landscape. On a broader scale, pending finalization,
the addition of FinZeo substantially enhances our next-generation
digital CommerseTM platform, driving operational efficiencies as we
expand our footprint.”
Chris Leyva, Founder and Chief Executive Officer
of FinZeo, added, “This agreement with AppTech represents an
exciting opportunity for the FinZeo team. Our focus has been on
increasing the efficiency of banking and payment technology,
particularly for major Airports across the nation and a variety of
other large to medium enterprises. We are excited to partner with
AppTech and leverage their leadership, expertise, and capital to
accelerate united growth.”
About AppTech Payments
CorpAppTech Payments Corp. (NASDAQ: APCX) provides digital
financial services for corporations, small and midsized enterprises
(“SMEs”) and consumers through the Company’s scalable cloud-based
platform architecture and infrastructure, coupled with our commerce
experiences development and delivery model. AppTech maintains
exclusive licensing and partnership agreements in addition to a
full suite of patented technology capabilities. For more
information, please visit www.apptechcorp.com.
About FinZeoFinZeo is a
software development company centered around the movement of money,
nationally and globally. Their technologies enable customers,
including large and medium enterprises, to seamlessly incorporate
payment processing capabilities into their current operations and
solve any banking pain points they experience. This innovative
solution allows their clients to operate more efficiently and
economically with faster payment processing, direct and exclusive
financial agreements, reliable APIs, and a trustworthy merchant
gateway solution. For more information, please visit
www.finzeo.com.
Forward-Looking Statements This
press release contains forward-looking statements that are
inherently subject to risks and uncertainties. Any statements
contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as
"anticipate, believe, estimate, expect, forecast, intend, may,
plan, project, predict, should, will" and similar expressions as
they relate to AppTech are intended to identify such
forward-looking statements. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in methods of marketing, delays in
manufacturing or distribution, changes in customer order patterns,
changes in customer offering mix, and various other factors beyond
the Company's control. Actual events or results may differ
materially from those described in this press release due to any of
these factors. AppTech is under no obligation to update or alter
its forward-looking statements, whether as a result of new
information, future events, or otherwise.
Investor Relations
ContactMichael Kim/Brooks
Hamilton737-289-0835APCX@mzgroup.us
AppTech Payments
Corp.760-707-5959info@apptechcorp.com
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