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Hank Payments Corp. (TSXV:HANK) expands auto dealer base

Finance, Sponsored, The Watchlist
TSXV:HANK
28 October 2021 11:45 (EDT)

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Hank Payments (HANK) has signed an agreement with Dennis & Co. Auto Group Inc to offer Hank products to consumers in all of its stores.

Dennis & Co. Auto Group operates one of the largest networks of dealerships in the US, generating more than half a billion dollars in annual revenue. 

Michael Hilmer, CEO of Hank Payments sat down with Caroline Egan to discuss the partnership.

Owner, founder and President of Dennis & Co., Brian Dennis commented,

“We have been using similar platforms in a lesser capacity with good success but the broad capabilities of Hank, coupled with its seasoned leadership and robust product path, convinced us to get serious about this industry leading platform.”

“This is a clear signal of confidence in Hank by one of the nation’s most respected automotive dealership groups,” commented Michael Hilmer.

“We have followed Brian’s success in taking the friction out of the vehicle buying process and in particular putting the customer’s needs front and center. Brian is a clear leader in the automotive retail sector and we are thrilled to be partnering with Dennis & Co.”

Customers use Hank as an automated budgeting platform that conveniently manages their bill and loan payments as well as their cash flow.

Hank is a financial technology company. The Hank software platform (the “Hank Platform”) acts as a personal, financial concierge automating the complexities of personal cash flow management.

Hank Payments Corp. (HANK) is down 17.27 per cent, trading at C$0.455 per share at 12 pm ET.

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