Mr. George Hofsink reports
FINTECHWERX MAKES INVESTMENT IN AETHEREV TO SUPPORT NEAR-TERM GROWTH ON THE FINTECHWERX PLATFORM
Fintechwerx International Software Services Inc. has completed a $50,000 (U.S.) investment in AetherEV Energy Corp. to advance the strategic partnership between the parties, support the implementation of the recently executed commercial agreement between Fintechwerx and AetherEV, and accelerate AetherEV's deployment across the Fintechwerx platform.
Previously, the company announced both the successful deployment of its AI-Werx proof of concept and the signing of its agreement with AetherEV. With platform integration work under way for AetherEV and a newly announced $2.3-billion electric vehicle affordability program by the Canadian government, management has elected to provide targeted capital to help move the relationship directly into active customer onboarding and transaction processing.
This is a part of the company's broader operating model of identifying merchants that are primed for transactional volume. Deployment of the Fintechwerx platform and gateway enables said merchants to expand their payment capabilities and offer capacity to meet market demand, according to George Hofsink, co-founder and chief executive officer of Fintechwerx.
"AetherEV already has customers lined up and ready to deploy on our platform," says Mr. Hofsink. "This capital is being applied to support the AetherEv integrations and customer onboarding."
Mr.
Hofsink added that the company is focused on keeping capital tied directly to near-term execution rather than long development cycles.
About Fintechwerx
International Software Services Inc.
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.
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