Q&A Interview with CEO of Fintech Innovator AppTech Payments Corp.

by James · February 17, 2023

Vancouver, Kelowna and Delta, British Columbia–(Newsfile Corp. – February 13, 2023) – Investorideas.com, a leading investor news resource covering Fintech stocks, releases an exclusive Q&A interview with Luke D’Angelo, CEO director, managing directorrand chairman of the board i AppTech Payments Corp. (NASDAQ: APCX).

AppTech Payments Corp. is an innovative Fintech company with an elite digital platform that powers seamless omni-channel commerce experiences for customers and their customers. AppTech is developing a transformative all-in-one digital payment and banking platform that will upgrade the Fintech industry. Our built-in, highly secure platform powers B2B, B2C and P2P functions in Payments as a Service (PaaS) and Banking as a Service (BaaS) from crypto and contactless payment options to virtual cards, text-to-pay, mobile-to- mobile and cross-border transfers. For more information, visit apptechcorp.com.

Interview:

InvestorIdeas

Q: Luke, it’s great that you’re taking the time to give investors some insight into the latest developments at AppTech. Last week, you announced the closing of a $5.0 million registered direct offering. Can you give readers some insight into the funding and why this is a positive step for AppTech?

Luke D’Angelo, CEO

A: Towards the completion of Commerse^TMAppTech was presented with an opportunity to bring in some additional capital to pay down our debt, support the continuous integration of Commerse and provide general working capital.

The reason this is so exciting for AppTech is that for the first time we are 90% debt free. By paying off the forbearance agreements before their March deadlines, the company has saved tens of thousands of dollars in interest. As we continue to grow and move towards profitability, getting the debt out of the way allows for even more relationships to form.

InvestorIdeas

Q: While we’re on the subject of finances, can you give our readers a current status of where the company is with current burn rate, etc.?

Luke D’Angelo, CEO

A: Sure! Our current burn rate is just under $400ka month. Our cash holdings are significant enough that we will have earnings to compensate for the burn rate before we run out of capital. Currently, AppTech is signing several contracts that will translate into revenue over Q1 and Q1.

InvestorIdeas

Q: This week you announced your strategic partnership with Nuvei. Congratulations on that. Can you give our readers some context on why this partnership is great for building your SaaS capabilities across North America?

Luke D’Angelo, CEO

A: Thank you, we are very happy to work with Nuvei! This partnership will have several stages of integration with AppTech and Commerse. As these developments occur, AppTech will keep shareholders updated as there will be significant announcements.

InvestorIdeas

Q: In the press release announcing your partnership with Nuvei, you mention the achievement of the acquisition of Hothand Inc. in 2022. For readers new to your story, can you give us the background to this acquisition and how these combined milestones set AppTech up for success in 2023?

Luke D’Angelo, CEO

A: What was important about the Hothand acquisition was the patented technology related to the delivery of geolocation and corporate advertising on mobile phones. With the addition of Hothand’s intellectual property, AppTech’s library now houses a total of 17 patents.

AppTech was founded on a portfolio of 4 mobile payment patents. These cover much of the intellectual property we use on our smartphones on a daily basis. Most advantageously, this technology includes “mobile-to-mobile payment system and method” and is what we refer to as text payment, which allows users to move money via text message, click, tap or scan.

As AppTech’s Commerse platform continues to roll out and build, implementing our current technology with the Hothand patents allows us to approach larger companies like Instacart, Doordash, Uber and others like them, a better way to process under our patent platform.

InvestorIdeas

Q: Can you talk about the trade term “One Platform. All Commerce” and the technology and capabilities you have developed?

Luke D’Angelo, CEO

A: This is the platform’s tagline because Commerse offers a suite of unified solutions that enable businesses to deliver seamless user experiences to their customers with minimal effort. While Commerse houses plenty of bells and whistles, this suite of services consists of three core product offerings: Payments-as-a-Service (PaaS), Banking-as-a-Service (BaaS) and Commerce-Experiences-as-a-Service (CXS) . For a complete overview, take a look at our website, commerse.io.

InvestorIdeas

Q: Finally, is there anything else you’d like to share with our readers as you move into the next phase with the company?

Luke D’Angelo, CEO

A: What’s exciting about AppTech, in addition to the fact that our patents touch almost every aspect of the mobile payment industry, is the fact that every new customer that comes to AppTech is new market share for AppTech. While our competitors are struggling to maintain market share, we will only continue to gain market share over the next few years to come!

One of the ways this will be achieved is through significant licensing agreements. Our customers do not want to work with rogue companies, they want to work with intellectual property that is patented, secure and proven in the market.

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