• Hank Payments (HANK) announced financial results for Q3, 2022
  • Highlights include a 24 per cent YOY growth in revenue and a record 89 per cent growth in gross margins
  • CEO Michael Hilmer sat down with Coreena Robertson to discuss the results
  • Hank is a SaaS-based consumer Fintech company
  • Hank Payments Corp. (HANK) opened trading at C$0.115

Hank Payments (HANK) announced financial results for Q3, 2022.

Highlights include a 24 per cent YOY growth in revenue and a record 89 per cent growth in gross margins.

CEO Michael Hilmer sat down with Coreena Robertson to discuss the results.

 “I am very pleased with the work the team has done to grow the SME channels business while evaluating transactions and related planning for our Enterprise SaaS funnel. I am most excited about the magnitude and economics of the Enterprise SaaS funnel, which continued to build in many strategic verticals, as well as key partnerships we look forward to announcing through summer in conjunction with lower operating costs and expected increases in gross dollar margin.”

Hank is a SaaS-based consumer Fintech company whose cloud-based software platform acts as a consumer’s financial budget manager.

Hank’s customers pay setup and ongoing monthly processing fees while remaining on the Hank Platform for an average of three years. Hank continues to innovate and anticipates launching more state-of-the-art features.

Hank is on a mission to transform outmoded personal financial wellness and consumer financial technology by offering a best-in-class payments platform and payment management capabilities. 

Hank Payments Corp. (HANK) opened trading at C$0.115.

More From The Market Online

@ the Bell: Weak bank earnings pummel TSX

Canada’s largest centre dropped nearly 1 per cent on Wednesday as Treasury yields firmed ahead of key U.S. inflation data.
The Market Online Video

Drilling company poised to capitalize on market conditions

AKITA Drilling is a North American land drilling contractor, providing services to the oil and gas industry in Canada and the U.S.
stock market down

@ the Bell: TSX sinks as producer prices rise

The TSX couldn’t get a rally going on Tuesday after reports that the Industrial Product Price Index rose 1.5 per cent in April.

AWS and SAP ink generative AI partnership

Amazon Web Services (AWS) and software giant SAP plan to expedite generative AI adoption in the enterprise cloud resource planning space.