FintechWerx Enters Reseller Agreement with CardCorp Services Ltd.

CardCorp is a payments technology and merchant services firm with offices in Manchester, United Kingdom. CardCorp helps UK, EU, and EEA businesses be matched with the right merchant account, stay supported throughout the process, and scale confidently – even in high-risk industries.¹

Integration with the Fintechwerx platform will occur as part of the Company being appointed as a non-exclusive reseller authorized to promote and refer merchants to CardCorp by using approved materials in accordance with established industry standards like Visa, Mastercard, and PCI-DSS requirements.

Under the Agreement, an independent contractor relationship between the parties has been struck and defined through confidentiality, intellectual property, non-interference, and non-solicitation provisions typical of arrangements of this nature. FintechWerx will receive a residual commission based on a percentage of Net Income generated from merchants referred by the Company. The Agreement has a three-year initial term with automatic one-year renewals unless terminated in accordance with its notice and compliance provisions.

The Agreement marks the Company’s entry into the European marketplace and approach to offering multiple supported pathways for onboarding and processing, according to FintechWerx Co-Founder and CEO George Hofsink.

“The ability to conduct commerce in Europe requires clear, compliant access points that reflect the realities of local underwriting, regulatory expectations, and merchant risk profiles,” says Hofsink. “CardCorp provides an established framework in the UK, EU, and EEA that allows us to extend our platform’s reach while offering merchants a defined, supported pathway for onboarding and processing in those jurisdictions.”

CardCorp’s executive team noted that working with established referral partners supports their objective of delivering consistency across underwriting and service delivery.

“FintechWerx operates in a segment where merchant onboarding requirements can vary significantly, and our role is to provide consistency and clarity through our established review and service framework,” says Damon Poole, Co-Founder and CEO of CardCorp. “By allowing merchants to access our platform through experienced partners like FintechWerx, we aim to ensure a stable, compliant, and transparent experience from their initial engagement onward.”

References:

¹⁾CardCorp: https://cardcorp.com

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 Solutions Inc.
Phone: 778-652-3669
Email: info@FintechWerx.com
Website:www.FintechWerx.com
Twitter: www.twittter.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 results of the engagement with CardCorp. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

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

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