Toronto, Ontario--(Newsfile Corp. - October 12, 2023) - Hank Payments Corp. (TSXV: HANK) ("Hank" or the "Company"), is an emerging North American leader in the Banking-as-a-Service (BaaS) market. The Hank platform modernizes budgets and payments for enterprises and consumers and automates tedious functions that result in time and economic savings for platform users. The Hank technology stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts ("Partners") that allow those Partners to operate new revenue streams, while modernizing legacy payments.
The Company is pleased to announce that its industry leading Education sector platform ("Hank EDU") continues to receive positive endorsements both from key associations and business partners as their respective customers are exposed to the Hank EDU platform:
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Three new associations located in the mid-west and south-central USA have endorsed Hank and communicated Hank EDU's value proposition to all members;
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Over 82 colleges serving over 525,000 students are receiving the latest wave of endorsements. This builds on the previous of endorsements from the Community Colleges of Appalachia Association consisting of 91 colleges servicing 220,000 students across 13 states;
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Over 70 qualified additional education sector leads have been provided by a new payments partner in the sector; and
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Hank EDU's initial school launch is a resounding success, and the school will be adding additional products early in the new year, including one-time and deferred tuition payment solutions.
"The Hank team continues to build significant momentum enhanced by multiple endorsements from key associations across the USA. Assisted by this industry validation, our sales team has built up a meaningful funnel and contract discussions are maturing nicely," said Michael Hilmer, Chairperson and CEO. He added, "Associations help schools set directions, find suppliers and navigate the marketplace for interesting and new products. Hank values these continued endorsements and referrals and looks forward to expediting onboarding of schools with the support of associations."
About Hank Payments Corp.
Hank Payments Corp (the Company or "Hank") is an emerging North American leader in the Banking-as-a-Service (BaaS) market. The Hank platform modernizes budgets and payments for enterprises and consumers, and automates tedious functions that result in time and economic savings for platform users. The Hank technology stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts ("Partners") that allow those Partners to operate new revenue streams, while modernizing legacy payments. The Company earns recurring transaction and licensing fees from consumers and enterprises and is active in several markets and geographies including Canada and the United States. For more information visit our website at www.hankpayments.com.
Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Corporation's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Corporation's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Corporation's business.
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Corporation assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
For more information regarding Hank Payments Corp., please contact: Jason Ewart, EVP Capital Markets, at 416-580-0721. For Investor Relations please contact ir@hankpayments.com and visit the Company's website at www.hankpayments.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/183686
