Hank Payments Corp. announced it has entered into a long-term strategic agreement with an industry leading advisor to the tech-enabled business service and platformproviders market. The Strategic Partner will provide, amongst other things, qualified strategic introductions and licensing negotiations assistance in support of Hank acquiring new Enterprise SaaS accounts in the large and untapped lending and debt repayment management market.

Headquartered in the Northeastern United States, the Strategic Partner possesses almost a half-century of combined deep domain industry expertise and unparalleled experience acting as advisors in varying capacities to a number of companies within the Market. Their team has completed well over 100 mandates and generated over multiple billions of dollars in transaction value within various sectors, a large portion of which have been comprised of advising clients operating in the Market space across North America and beyond. After extensively evaluating the Hank Payment Platform, the Strategic Partner determined that their Enterprise clients and other relationships would be logical users.

The Strategic Partner has earned trusted, front of the line decision maker access to some of the most reputable institutions in the Market and will support Hank in further penetrating and serving this vastly lucrative vertical. Under this long-term year performance agreement, the Strategic Partner will receive a percentage fee of the revenue Hank generates from Enterprise SaaS licensing deals and other strategic commercial relationships which the Strategic Partner procures for Hank's benefit. Hank's industry leading gross margin profile - currently approaching 90% - comfortably supports this fee structure and allows for Hank to achieve expedited, low customer acquisition cost and qualified access to decision makers, with additional guidance to be provided by the Strategic Partner to Hank on crafting the commercial specifics of each new Enterprise SaaS licensing and other commercial relationships.