AppTech Payments Corp. completes acquisition of FinZeo

GlobeNewswireOctober 30, 20233 min

AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce between business to business and business to consumer, announced that it completed its acquisition of Alliance Partners, LLC, owners of FinZeo, a software development company centered around the movement of money, nationally and globally.

FinZeo was founded in 2018 and is dedicated to delivering innovative payment and banking technology solutions for businesses of all sizes. By integrating the FinZeo platform, AppTech believes it can augment its technology offerings, furnishing users with cutting-edge tools accessible via online portals or through an API.

“This acquisition aligns seamlessly with AppTech’s strategic initiatives, marking our steadfast commitment to investing in innovation and technology. We are resolute in our mission to foster revenue synergy and provide specialty payments for businesses and partners, while continuing to lead the way in the ever-evolving Fintech landscape,” said Luke D’Angelo, Chairman & CEO of AppTech Payments Corp. “With FinZeo fully integrated into our Commerse™ product suite, we trust the market will be highly receptive to our comprehensive PaaS and BaaS solutions. We welcome the FinZeo team to our company and look forward to executing on our commercialization strategy to ultimately generate value for our shareholders.”

Finzeo’s API enables AppTech to optimize integration 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 advances into a Payment Facilitator (PayFac), propelling the company’s aggregation model.

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