FintechWerx Announces Letter of Intent for Exclusive High Risk Shield Technology License

Executive Summary

• FintechWerx entered into a confidential, non‑binding LOI to acquire an exclusive worldwide license to the Vendor’s High Risk Shield fraud‑mitigation technology and to purchase shares in the Vendor.
• The transaction would be funded with cash and FintechWerx common shares, subject to due diligence, definitive agreements, and CSE approval.
• The proposed acquisition is intended to expand FintechWerx’s fraud‑prevention capabilities across its payments ecosystem.

Key Details

• Parties: FintechWerx International Software Services Inc. (CSE: WERX) and 1470500 BC Ltd. (the “Vendor”).
• Technology: High Risk Shield – device‑level intelligence solution for identifying high‑risk users, automated traffic, and known bad actors in digital commerce and affiliate marketing.
• License Scope: Exclusive right to market, distribute, and sublicense the technology worldwide.
• Equity Component: FintechWerx may acquire an equity interest in the Vendor; consideration will be a mix of cash and FintechWerx common shares (maximum purchase price to be determined during due diligence).
• Transaction Structure: Non‑binding LOI; definitive agreements to be negotiated pending customary business and legal due diligence, corporate and regulatory approvals (including CSE approval).
• Binding Provisions: Only certain customary provisions in the LOI are binding; the core transaction remains non‑obligatory.
• Strategic Rationale: Enhances FintechWerx’s fraud mitigation suite, allowing merchants to improve traffic quality and reduce fraud losses without complex integrations.
• Next Steps: Completion of due diligence, negotiation and execution of definitive agreements, receipt of required approvals; FintechWerx will provide updates as material developments occur.

Notable Quotes

“Device‑level intelligence is an increasingly important component of modern fraud mitigation… High Risk Shield represents a complementary technology that aligns with our broader strategy to deliver practical, scalable risk and fraud solutions across the FintechWerx platform.” – George Hofsink, Co‑Founder & CEO, FintechWerx.