Hank Payments Corp. announced further expansion of its US auto dealership originator base. The Company has signed and commenced the launch of a 31 auto store proof of concept program with a large auto dealer group with locations in 8 states.

Since engaging, 2 stores have launched their offering of the Hank Payments platform to consumers and with the success of the proof of concept and all stores originating, the partner will represent over 10% growth from the 238 stores announced in April. Given the size of these stores, the contribution to new account originations could exceed 25%, once all stores are online, bringing total dealers to 269 with 57 added in 2024 alone. The partner is driving the roll-out schedule at this time.