Vancouver, British Columbia – May 26,  2026 – TheNewswire - FintechWerx International Software Services Inc. (CSE: WERX) (“FintechWerx” or the “Company”) is pleased to announce that, further to its News Release of May 5, 2026, it has closed the first tranche payment and share issuance pursuant to the Intellectual Property and Technology Asset Purchase Agreement (the “Agreement”), dated May 5, 2026, with 1470500 BC Ltd. (the “Seller”), an arm’s length party, and TrustWerx Solutions Inc. (“TrustWerx”), a wholly-owned subsidiary of the Company.  Pursuant to the Agreement, the Company, or at its option TrustWerx, has acquired all of the Seller’s right, title and interest in and to certain technology and intellectual property assets referred to as High Risk Shield (“HRS”) in consideration for the payment of $25,000 and the issuance of 650,000 common shares of the Company (each, a “Share”) at a deemed price of $0.72 per Share to the Seller (the “Closing”). Upon Closing, TrustWerx and the Seller executed an assignment agreement transferring all rights, title, and interest in HRS to TrustWerx. Two milestone payments remain outstanding: the issuance of 325,000 Shares upon integration of the HRS technology into the Company’s platform, and an additional 325,000 Shares upon the first 5,000 mobile or PC devices using the HRS technology to complete a payment.

All of the Shares issued pursuant to the Agreement are subject to a customary hold period expiring on the date that is four months and one day following the date of issuance.

HRS is a device intelligence and fraud mitigation solution designed to identify high-risk users, automated traffic, and known bad actors across digital commerce, affiliate marketing, and other high-risk online environments. Rather than relying solely on traditional identifiers such as IP addresses, documents, or surface-level verification methods, the technology focuses on device-level signals to detect repeat and malicious behaviour that may persist even as users attempt to mask or alter their identity.

It is designed for practical deployment alongside existing fraud and risk controls, enabling merchants, independent sales organizations, payment service providers and financial institutions to improve traffic quality, reduce fraud-related losses, and strengthen risk decision-making without requiring complex enterprise integrations.

The integration of HRS is expected to enhance FintechWerx’s platform by enabling more accurate identification of fraudulent behaviour and high-risk users and introducing a deeper layer of device-level intelligence, while improving transaction approval outcomes across complex and high-risk environments.

This acquisition represents a strategic expansion of FintechWerx’s technology solution, allowing the Company to deliver more comprehensive risk intelligence and compliance-ready infrastructure within a single unified platform, according to George Hofsink, Co-Founder and CEO of FintechWerx.

“High Risk Shield introduces device-level intelligence that significantly strengthens how we identify and manage risk across our platform,” said George Hofsink, Co-Founder and CEO of FintechWerx. “This allows us to more accurately detect fraudulent behaviour, support high-risk merchants, and improve transaction outcomes in environments where traditional signals fall short.”

This acquisition aligns with FintechWerx’s broader strategy of integrating specialized technologies that enhance onboarding, payments, identity verification, and fraud mitigation within a unified and scalable ecosystem.

 

About FintechWerx

FintechWerx is a Canadian financial technology company providing onboarding, payments, identity verification, fraud mitigation, and data services to merchants, independent sales organizations, and payment service providers, offering an alternative to the need for a patchwork of providers. Additional information is available at www.sedarplus.ca or on the Company’s website at www.FintechWerx.com.

 

For more information, please contact:

Francisco Carasquero, FintechWerx Co-Founder and CFO
FintechWerx International Software Services Inc.
Phone: (236) 761-WERX (9379)
Email: info@FintechWerx.com
Website: www.FintechWerx.com
Twitter: www.X.com/fintechwerx

 

Forward-Looking Information

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “believes” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the anticipated integration, performance and benefits of the HRS technology within the FintechWerx platform, the expected enhancement of fraud detection and risk management capabilities, the anticipated commercial and operational outcomes resulting from the acquisition of the HRS technology assets, and the completion of the future milestones.

Although FintechWerx believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, FintechWerx can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, FintechWerx has applied several material assumptions, including without limitation, that market fundamentals will support the viability of the FintechWerx platform, that the HRS technology will be successfully integrated and adopted within the Company’s platform, the availability of the financing required for FintechWerx to carry out its planned future activities, that FintechWerx will obtain the required regulatory and stock exchange approvals, and the availability of and the ability to retain and attract qualified personnel.

The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause FintechWerx’s actual results, performance, or achievements to differ materially from those described in the forward-looking statements, including, among other things: the impact of macroeconomic uncertainties and market volatility; FintechWerx’s financial performance, including expectations regarding its results of operations and the assumptions underlying such expectations, and ability to achieve and sustain profitability; FintechWerx’s ability to attract and retain customers; FintechWerx’s ability to compete effectively in an intensely competitive market; FintechWerx’s ability to comply with modified or new industry standards, laws and regulations applying to its business; risks related to the integration, performance, or commercialization of the  HRS technology; and increased costs associated with regulatory compliance.

Forward-looking statements represent FintechWerx’s management’s beliefs and assumptions only as of the date such statements are made. FintechWerx undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

The Canadian Securities Exchange nor the Canadian Investment Regulatory Organization has neither approved or disapproved of the contents of this press release.