Vancouver, British Columbia – July 17, 2026 - FintechWerx International Software Services Inc. (CSE: WERX) (“FintechWerx” or the “Company”) is pleased to announce that, further to its News Release of July 7, 2026, it has completed the acquisition of the Ruby Loans lending platform (“Ruby Loans”).
Ruby Loans a small and medium-sized business lending platform. Ruby Loans puts borrowers in control of initiating their credit inquiries and streamlines the loan origination process by automating many of the manual steps required to prepare small business loan files for approval. The platform combines processes and tools and is designed to take the application through a staged process from inquiry with input gathered from the borrower to the submission and evaluation of key documents, along with a financial and risk evaluation. The intended result is a quality loan enquiry being generated prior to the involvement of credit risk personnel.
To complete the acquisition, FintechWerx paid an aggregate of $100,000 and issued 728,862 common shares (each, a “Share”) of the Company at a deemed price of $0.6174 per Share to 1431575 B.C. Ltd. (the “Vendor”), an arm's length party, pursuant to an Intellectual Property and Technology Asset Purchase Agreement (the “Agreement”) dated July 6, 2026. In connection with the acquisition, FintechWerx and the Vendor executed an assignment agreement transferring all rights, title, and interest in Ruby Loans to FintechWerx. The Shares are subject to a statutory hold period expiring four months and one day from the date of issuance.
The Company also announces that it has issued 101,997 Shares at a price of $0.6783 per Share to Secure Digital Payments Corp. (“SDP”), an arm's length party, pursuant to the License and Services Agreement (the “License Agreement”), dated June 1, 2026. The Shares are subject to a statutory hold period expiring four months and one day from the date of issuance. The number of Shares to be issued to SDP was incorrectly stated as 85,062 Shares in the Company’s News Release of June 11, 2026.
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: www.FintechWerx.com.
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 commercialization, integration, performance and benefits of Ruby Loans, the anticipated enhancement and streamlining of borrower credit inquiries, the expected adoption and utilization of the platform by customers and partners, and the Company's ability to market, distribute, sublicense, support, and integrate Ruby Loans.
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 Ruby Loans will be successfully integrated into the Company's operations and commercial offerings, the availability of the financing required for FintechWerx to carry out its planned future activities, that customers and partners will adopt the platform as anticipated, 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, 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.