APCX AppTech Payments Corporation

AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce, disclosed its financial outcomes for the fiscal year ended December 31, 2023. Comprehensive financial details and the 10-K report are accessible on the SEC website at www.sec.gov.

Fiscal Year 2023 Financial Highlight 

• Revenue was approximately $504 thousand for the year ended December 31, 2023, compared to $450 thousand for the year ended December 31, 2022, representing an increase of 12%. The increase was principally driven by the new licensing revenue and offset by lower merchant processing revenue.

Recent Business Highlights 

• Entered a strategic partnership to build, develop, launch, and manage InstaCash, Inc.’s mobile-to-mobile payment system, and subsequently extended the license to Brazil and Mexico. AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and Visa/MasterCard sponsorship and provide user support services. As part of the partnership, AppTech will receive an equity stake in InstaCash
• Executed a strategic acquisition of FinZeo, a global software development company centered around the movement of money. FinZeo’s API enables AppTech to efficiently integrate with software providers and Independent Software Vendors (ISVs), facilitating rapid technology implementation. The onboarding process for ISVs will be streamlined with the support of video tutorials, a dedicated customer center, and a sandbox API environment. With the assimilation of FinZeo, AppTech evolves into a Payment Facilitator (PayFac), propelling the company’s aggregation model 
• Announced Reno-Tahoe International Airport as the first international airport to adopt its newly-acquired FinZeo platform
• Announced it has signed an agreement to provide its FinZeo™ platform services to a credit union network with over 2,000 locations. Platform integration is expected to begin in March with completion anticipated in Q2 2024. Following its launch, the FinZeo credit union offering is expected to be available to credit unions nationwide, positioning it as the Fintech platform of the future for credit unions and legacy banks

Management Commentary 

Luke D’Angelo, AppTech CEO commented, “As we move into 2024, we remain focused on leveraging the robustness of our platform to attract and onboard a diverse client base, driving significant advancements in revenue and operational effectiveness. The ongoing strength of our financial standing, bolstered by our recent tactical capital raise, empowers the Company to pursue a strong slate of strategic mergers and partnerships, further amplifying our growth trajectory and delivering increased long-term shareholder value. The journey ahead is promising, and we are poised to seize the opportunities that lie before us to cement our standing as innovators and leaders in the global Fintech sector.” 

About AppTech Payments Corp AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises (“SMEs”), and consumers through the Company’s scalable cloud-based platform architecture and infrastructure, coupled with our Specialty Payments 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. 

Forward-Looking Statements   The information contained herein includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, among others, statements regarding the proposed public offering, and the timing of the offering. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “believe,” “intend,” “look forward,” and other similar expressions among others. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to the Company’s operations, results of operations, growth strategy and liquidity. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s most recent Annual Report on Form 10-K and other filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. Except as may be required by applicable law, the Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact CORE IRScott Arnold scotta@coreir.com

AppTech Payments Corp. 760-707-5959 info@apptechcorp.com