FintechWerx Signs LOI to Acquire Ruby Loans Platform

Vancouver, British Columbia — May 7, 2026 — Leads & Copy — FintechWerx International Software Services Inc. (CSE: WERX) has signed a confidential, non-binding letter of intent with 1431575 B.C. LTD. regarding the potential acquisition of intellectual property and technology assets related to the Vendor’s proprietary “Ruby Loans” platform.

The LOI, dated May 7, 2026, outlines a proposed transaction where FintechWerx would acquire the Ruby Loans platform. However, there is no guarantee that a definitive agreement will be reached or that the transaction will be completed.

Ruby Loans is described as an advanced development stage platform designed for small and medium-sized enterprise (SME) lending. It aims to streamline the loan application process by allowing borrowers to initiate credit inquiries and automating significant portions of the manual steps involved in preparing business loans and mortgage files.

The technology is designed to support a gated process from borrower enquiry and document intake through financial and risk evaluation, generating a more complete and decision-ready loan application prior to the involvement of credit risk personnel. The platform seeks to improve workflow efficiency and the borrower experience in SME lending. More information can be found at RubyLoans.ca, although the company has not independently verified the information on that website.

Under the LOI, FintechWerx intends to acquire the Ruby Loans intellectual property and related technology assets in exchange for a combination of cash and common shares, with a maximum purchase price of C$550,000. The final terms are subject to mutual due diligence and the negotiation of definitive documentation.

The potential transaction is subject to customary conditions, including completion of mutual business and legal due diligence, negotiation and execution of a definitive agreement, and receipt of required corporate and regulatory approvals, including approval from the Canadian Securities Exchange (the “CSE”).

The LOI does not create a binding obligation to complete the transaction, except for certain customary binding provisions.

George Hofsink, Co-Founder and CEO of FintechWerx, stated that the proposed acquisition is intended to expand FintechWerx’s capabilities in digital lending workflow automation.

Hofsink added that loan origination for small business financing remains burdened by manual processes and fragmented workflows, and that Ruby Loans represents a practical platform solution that aligns with the company's strategy to modernize fintech infrastructure through solutions that improve efficiency, readiness, and borrower engagement.

FintechWerx will provide further updates as material developments occur, in accordance with applicable securities laws and CSE policies.

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. It offers an alternative to the need for a patchwork of providers. Additional information is available at www.sedarplus.ca or on the Company’s website.

Source: FintechWerx