AppTech Payments Corp.

What they do

AppTech provides financial services to businesses, including setup services, monthly platform access, transaction-based fees, and merchant processing for credit card and ACH transactions. Its AppTech Banking Platform, deployed in 2025, enables digital banking and onboarding for partner banks. The company also operates its legacy FinZeo Payments-as-a-Service business and integrates the cross-border payments platform from Infinitus Pay, acquired in late 2025.

Revenue drivers

• Setup fees — One-time customer setup services, recognized at point-in-time when the customer is configured and enabled to transact.
• Monthly platform and transaction fees — Recurring platform access fees and transaction-based variable consideration, recognized monthly as services are performed.
• Merchant processing services — Processing credit card and ACH transactions, earning flat fees, per-transaction fees, or percentage-based fees, with channel partner payments deducted from revenue.
• Infinitus Pay cross-border payments — Global payment acceptance, international payouts, multi-currency transactions, and onboarding, contributing to revenue via transaction and subscription-based fees.

Recent performance

For fiscal 2025, revenue was $1.4M, up from $276,000 in 2024, while net loss improved to $-7.9M from $-8.9M. Diluted EPS was $-0.23 in 2025 versus $-0.35 in 2024. Quarterly revenue rose from $291,000 in Q2 2025 to $660,000 in Q4 2025, and reached $1.5M in the quarter ended March 31, 2026. Operating cash flow improved to $-4.9M in 2025 from $-7.5M in 2024. As of March 31, 2026, cash was $110,000, total assets were $9.1M, total liabilities were $8.8M, and shareholder equity was $297,000.

Strategy

Management aims to scale the Banking Platform and expand cross-border and multi-currency capabilities, increasing transaction-based and subscription revenue. The company is repositioning as a modern fintech infrastructure provider, with the Banking Platform designed as a multi-tenant, multi-bank system that integrates alongside a bank's existing core system. It is leveraging the Infinitus Pay partner portal to enhance its sales channel. FinZeo remains an active revenue source used to identify opportunities aligned with digital banking and embedded finance. Key priorities include strengthening partner and enterprise relationships.

Risks

• Cash position — Cash and equivalents were only $110,000 at March 31, 2026, which may not be sufficient to fund ongoing operations and strategic initiatives.
• Going concern risk — Persistent net losses and negative operating cash flow (e.g., $-4.9M in 2025) raise substantial doubt about the company's ability to continue as a going concern.
• Integration risk — The late-2025 acquisition of Infinitus Pay may not achieve expected synergies, posing execution and integration challenges.
• Dependence on partner bank — The first partner bank is operational, but any disruption in that relationship could severely impact the Banking Platform's revenue.

Outlook

Management continues executing its financial technology platform strategy in 2026, building on the operational foundation established in 2025. The Banking Platform is fully operational with the partner bank and continues onboarding clients. Priorities include scaling the platform, expanding cross-border capabilities, and increasing transaction-based and subscription revenue. The company is positioned to participate in the shift toward digital financial services and embedded financial infrastructure.