Mr. George Hofsink reports
FINTECHWERX LAUNCHES MERCHANTWERX 2.0 AFTER SECURING RIGHTS TO MERCHANT ONBOARDING AND PARTNER MANAGEMENT PLATFORM
Fintechwerx International Software Services Inc. has launched MerchantWerx 2.0, an enhanced merchant on-boarding and partner management platform developed to support merchants, independent sales organizations, agents, payment service providers, financial technology companies and other channel partners.
The launch follows the execution of a licence and service agreement, dated June 1, 2026, with Secure Digital Payments Corp., an arm's-length party, pursuant to which Fintechwerx has obtained the rights to market, distribute, sublicense, integrate and support SDP's merchant on-boarding and partner management technology globally in mutually agreed jurisdictions.
MerchantWerx 2.0 builds on Fintechwerx's existing on-boarding capabilities by adding a broader set of tools for merchant application management, identity verification, business validation, document collection, underwriting support, electronic signatures, communication tracking, multilingual on-boarding, white-label deployment, configurable workflows and partner administration.
Under the agreement, Fintechwerx has been granted a non-exclusive and non-transferable licence to market, distribute, sublicense and integrate the technology into third party products and environments and to provide support services to customers utilizing the platform. SDP will continue to provide maintenance, and support services, platform enhancements and future modifications to the technology.
The agreement provides for an initial term of one year with automatic one-year renewal periods unless terminated in accordance with its terms. As consideration for the grant of the licence, the licensee shall issue to the licensor 85,062 common shares in the capital of the licensee equal to $50,000 (U.S.) divided by the 10-day volume-weighted average price of the shares on the Canadian Securities Exchange or such other stock exchange that the shares may be listed at the time of issuance for the 10 trading days prior to the date of issuance, subject to such other price as may be required by the policies of the CSE, with such share issuance due on the first date of the term and the first date of any subsequent renewal terms.
The launch of MerchantWerx 2.0 represents the next step in Fintechwerx's merchant enablement strategy, expanding the company's ability to support the full on-boarding life cycle from application intake and verification through underwriting, approval, activation and continuing partner management.
Merchant on-boarding remains one of the most fragmented operational processes within the payment industry according to George Hofsink, co-founder and chief executive officer of Fintechwerx.
"By expanding our on-boarding, compliance, underwriting, document management and partner administration capabilities, we are giving merchants and payment partners a more complete operating layer," said Mr. Hofsink. "That strengthens our ability to support growth across the Fintechwerx ecosystem."
With the introduction of MerchantWerx 2.0, Fintechwerx has expanded its merchant enablement capabilities beyond traditional on-boarding into a more configurable platform for merchant acquisition, compliance administration, underwriting support, document life cycle management and partner-led growth.
About Fintechwerx International Software Services Inc.
Fintechwerx is a Canadian financial technology company providing on-boarding, 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.
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