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Hank Payments (TSXV:HANK) executes non-binding LOI to acquire mortgage payment platform company

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TSXV:HANK
11 March 2022 12:00 (EDT)

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Hank Payments Corp. (HANK) has signed a non-binding letter of intent to acquire a U.S.-based mortgage payment platform provider.

The target company has been curating mortgage payments in the midwest for over 20 years through a network of over 1,500 mortgage brokers.

Jeff Guthrie, President and COO of Hank Payments sat down with Shoran Devi to discuss the news. 

“The first acquisition represents an important milestone for Hank since becoming a public company in late 2021. The target has built a wide-ranging network of mortgage brokers and has access to large scale originators that Hank will help unlock value from.”

Hank Payments is a technology company whose platform serves as a personal financial concierge.

Hank Payments Corp. (HANK) opened the day trading at C$0.12 per share.

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