FintechWerx Finalizes Agreement to Acquire High Risk Shield IP and Technology Assets

FintechWerx International Software Services Inc. (CSE: WERX), headquartered in Vancouver, British Columbia, announced on May 5, 2026, that it has entered into an Intellectual Property and Technology Asset Purchase Agreement with 1470500 BC Ltd., an arm’s length party, and TrustWerx Solutions Inc., a wholly-owned subsidiary of FintechWerx. Under the terms of the agreement, FintechWerx or TrustWerx will acquire all rights, title, and interest in the technology and intellectual property assets known as High Risk Shield (HRS).

High Risk Shield is a device intelligence and fraud mitigation solution designed to identify high-risk users, automated traffic, and known bad actors across digital commerce, affiliate marketing, and other high-risk online environments. Unlike traditional fraud prevention methods that rely on IP addresses, documents, or surface-level verification, HRS focuses on device-level signals to detect repeat and malicious behavior, even when users attempt to mask or alter their identity.

The technology is intended for practical deployment alongside existing fraud and risk controls, enabling merchants, independent sales organizations, and payment service providers to improve traffic quality, reduce fraud-related losses, and strengthen risk decision-making without requiring complex enterprise integrations.

According to the agreement, upon closing of the transaction, FintechWerx will pay $25,000 in cash to the seller, which was previously advanced as a refundable deposit. The company will also incur up to $25,000 in expenditures within 90 days of closing for integration of the technology and related marketing initiatives.

Additionally, FintechWerx will issue 650,000 common shares to the seller within 10 days of closing, subject to regulatory approval. An additional 325,000 shares will be issued upon successful integration of the technology into the company’s platform. A further 325,000 shares will be issued once 5,000 mobile or PC devices have utilized the technology to execute a payment. All share issuances are subject to regulatory approval, including from the Canadian Securities Exchange.

The initial 650,000 shares will be issued at a deemed price of $0.72 per share, while the price for future share issuances will be determined at the time of issuance. All shares issued under the agreement will be subject to a customary hold period, expiring four months and one day after the date of issuance.

The agreement remains subject to customary conditions, including the receipt of all required corporate and regulatory approvals, including approval from the Canadian Securities Exchange.

The integration of High Risk Shield is expected to enhance FintechWerx’s platform by enabling more accurate identification of fraudulent behavior and high-risk users, introducing a deeper layer of device-level intelligence, and improving transaction approval outcomes across complex and high-risk environments.

According to George Hofsink, Co-Founder and CEO of FintechWerx, the acquisition represents a strategic expansion of the company’s technology solutions, allowing FintechWerx to deliver more comprehensive risk intelligence and compliance-ready infrastructure within a unified platform.

“High Risk Shield introduces device-level intelligence that significantly strengthens how we identify and manage risk across our platform,” said Hofsink. “This allows us to more accurately detect fraudulent behaviour, support high-risk merchants, and improve transaction outcomes in environments where traditional signals fall short.”