AppTech Payments Corp. Announces Letter of Intent to Acquire FinZeo
– FinZeo Provides Cutting-Edge Payment Technology for Large to Medium Enterprises–
CARLSBAD, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- 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 accelerae united growth.”
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