AppTech, which provides merchant services software to SMBs, filed on Tuesday with the SEC to raise up to $15 million in an initial public offering. The company is currently listed on the OTC under the symbol "APCX."
AppTech's merchant services provide financial processing for businesses to accept cashless and contactless payments, such as credit cards, ACH, wireless payments, and more. The company's target market is SMBs seeking to broaden their distribution through the addition of digital payment channels, and SMBs looking to create competitive advantage by advancing their integration and streamlining of their payment processing services.
The Carlsbad, CA-based company was founded in 1998 and plans to list on the Nasdaq under the symbol APCX. The company has not selected an underwriter yet. No pricing terms were disclosed.
