The partnership offers cash logistics and digital financial solutions to cannabis operators, banks and credit unions in Nevada and California
LOS ANGELES, CA and Las Vegas, NV, August 18, 2022 – PayQwick, one of the first Fintech leaders in the country to provide the cannabis industry with a comprehensive treasury and financial services platform, today announced its strategic partnership with Invictus International. The partnership provides a compliant one-stop shop for cannabis businesses to access PayQwick’s treasury services and Invictus’s armored car cash pick-up, protection and security monitoring solutions.
The lack of access to traditional financial services including deposit accounts and secure cash handling continues to present major roadblocks in the cannabis industry. This partnership enables Invictus’ clients to seamlessly access a full treasury platform for safe cashflow operations. In return, PayQwick clients receive priority access to secure Cash-In-Transit (CIT) services across Nevada and California. The PayQwick platform is also available to cannabis banks and businesses operating in Arizona, Colorado, Florida, Illinois, Massachusetts, Maryland, Michigan, Oregon, New Jersey and Washington – with more U.S. markets to come.
“PayQwick has empowered countless cannabis operators to reach their growth goals by expanding access to critical financial services in this highly regulated environment. PayQwick’s advanced platform enables even more businesses to build scale as the industry continues to mature.”, said Matt Koetting, founder and CEO of Invictus International, “We are thrilled to partner with their platform and look forward to redefining what is possible in the cannabis financial services space by offering both cash logistics and treasury services together.”
Since 2015, PayQwick has processed billions of dollars in transactions for cannabis businesses, banks and credit unions through its state and federally compliant treasury and payment solutions. “We have worked closely with the PayQwick team for over 2 years as our services complement each other nicely. Our expanded partnership is a huge step towards creating a one stop shop for cannabis operators to connect with banking and cash optimization tools” continued Koetting.
“Invictus serves hundreds of cannabis operators in the Nevada and California markets. PayQwick’s integrated services, including lending programs, ensure the most streamlined cashflow, facilitating supply chain fluidity”, said Bob Craig, CEO of PayQwick. “The team at Invictus has the experience and integrity our industry requires. We know our banks and credit unions will also enjoy access to Invictus’ broad array of cash and security solutions for their cannabis clients through the PayQwick platform.”
About PayQwick
Since 2015, PayQwick has been offering banking-related services to the cannabis industry in over 12 states. Our years of compliant experience, technological innovations, and industry-expert teams deliver streamlined services, including lending and payment processing, to all players in the supply chain: cultivators, manufacturers, distributors, retailers, and ancillary operators.
PayQwick also offers financial institutions the option to outsource their cannabis banking services, allowing them to avoid the unnecessary burden of investing in the people, processes, and technology necessary to provide banking services to the cannabis industry.
Contact:
(888) 729-7942
About Invictus
Since 2016, Invictus International has provided an array of security and risk management solutions. Invictus began providing leading professional security solutions and secure cash logistics to the licensed and regulated cannabis industry in 2017. Invictus International is a Service-Disabled Veteran Owned Business.
Contact:
(702) 629-3971