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AppTech Funds Corp. Experiences Fourth Quarter and Fiscal

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CARLSBAD, Calif., March 31, 2022 (GLOBE NEWSWIRE) — AppTech Funds Corp. (“AppTech”) (NASDAQ: APCX) a Fintech firm powering commerce experiences, as we speak introduced outcomes for its Fourth Quarter and Fiscal Yr ended December 31, 2021. The monetary statements and 10-Ok can be found on sec.gov.

Fourth Quarter and Fiscal Yr 2021 Monetary Highlights

  • 4Q21 revenues had been $95,136, a 3.0% enhance versus 3Q21, pushed by bigger processing volumes.
  • Fiscal 12 months 2021 revenues had been $353,824, a 7% enhance versus Fiscal Yr 2020, pushed primarily by the addition of recent accounts.
  • Money steadiness as of December 31, 2021 was $8,026, nonetheless, the general public providing was executed on January 7, 2022 netted the Firm $13.4 million.

Latest Enterprise Highlights

  • Efficiently uplisted onto NASDAQ on January 7, 2022.
  • Onboarded a seasoned growth crew of specialists who’ve expedited the platform launch date. As well as, the Firm onboarded its new gross sales director and head of enterprise growth who shall be tasked with constructing the inspiration for the Firm’s deliberate enlargement.
  • Inaugural Strategic Summit was held March 22-23, 20022 the place administration crew gathered to debate the Fintech platform structure and go-to-market plan. The preliminary demos had been additionally showcased.
  • Developed key system features, together with CI/CD pipelines, go-forward scalable and safe AWS infrastructure, POC for Text2Pay Bill System, and POC for Crypto Funds Bill System.
  • Researched, recognized, and vetted partnership with digital asset platform companions for blockchain and cryptocurrency use instances.
  • Co-developed end-to-end, automated product and alternative consumption course of to streamline, categorize and prioritize new merchandise/options and enterprise growth alternatives.

Administration Commentary

Luke D’Angelo, CEO of AppTech commented: “2021 was a transformational 12 months for AppTech as we developed the partnerships and general strategic imaginative and prescient that can pave the best way for our extremely anticipated launch in 2022. Our sturdy steadiness sheet will enable us to correctly execute our plans to develop into a premier Fintech platform that powers commerce experiences for our backlog of purchasers and their prospects. We’re excited that our purchasers are desirous to onboard, gaining the instruments to execute funds in as we speak’s digital and crypto market. As well as, we sit up for forming extra partnerships with sturdy organizations to help integrations of digital banking and enterprise cost acceptances.”

About AppTech
AppTech Funds Corp. is a publicly listed Fintech firm using progressive cost processing and digital banking applied sciences to enrich our core service provider companies capabilities. Its patented and proprietary software program will present progressive and adaptable merchandise which might be obtainable by means of a collection of synergistic choices on to retailers, banking establishments and enterprise enterprises.

AppTech is growing an embedded, extremely safe digital funds and banking platform that powers commerce experiences for purchasers and their prospects. Based mostly upon business requirements for cost and banking protocols, the corporate will supply standalone merchandise and absolutely built-in options that ship progressive, unparalleled funds, banking, and monetary companies experiences. AppTech’s processing applied sciences could be taken off-the-shelf or tapped into through our RESTful API to construct absolutely branded and customizable experiences whereas supporting tokenized, multi-channel, and multi-method transactions.

For extra details about our firm, please go to www.apptechcorp.com.

Ahead-Trying Statements
This press launch comprises forward-looking statements which might be inherently topic to dangers and uncertainties. Any statements contained on this doc that aren’t historic info are forward-looking statements as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. Phrases reminiscent of “anticipate, consider, estimate, count on, forecast, intend, might, plan, undertaking, predict, ought to, will” and related expressions as they relate to AppTech are meant to determine such forward-looking statements. These dangers and uncertainties embrace, however will not be restricted to, normal financial and enterprise situations, results of continued geopolitical unrest and regional conflicts, competitors, modifications in strategies of selling, delays in manufacturing or distribution, modifications in buyer order patterns, modifications in buyer providing combine, and varied different components past the corporate’s management. Precise occasions or outcomes might differ materially from these described on this press launch resulting from any of those components. AppTech is underneath no obligation to replace or alter its forward-looking statements whether or not on account of new data, future occasions or in any other case.

Investor Relations Contact
Lytham Companions, LLC
Mr. Ben Shamsian
New York | Phoenix
E: [email protected]
P: 646-829-9701

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