FintechWerx Acquires High Risk Shield Technology to Enhance Fraud Mitigation
Vancouver, British Columbia — May 5, 2026 — Leads & Copy — FintechWerx International Software Services Inc. (CSE: WERX) has acquired High Risk Shield (HRS), a device intelligence and fraud mitigation solution, through an Intellectual Property and Technology Asset Purchase Agreement with 1470500 BC Ltd.
The agreement, dated May 5, 2026, involves FintechWerx, or its subsidiary TrustWerx Solutions Inc., acquiring all rights, title, and interest in HRS from the seller, an arm’s length party. HRS is designed to identify high-risk users, automated traffic, and malicious actors across digital commerce, affiliate marketing, and other high-risk online environments.
Unlike traditional methods relying on IP addresses or surface-level verification, HRS focuses on device-level signals to detect repeat and malicious behavior, even when users attempt to mask their identity. It is designed for 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 complex integrations.
Under the agreement, 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 technology integration and related marketing. Additionally, FintechWerx will issue 650,000 common shares to the seller within 10 days of closing, subject to regulatory approval.
Further share issuances include 325,000 shares upon successful technology integration and another 325,000 shares once 5,000 mobile or PC devices have utilized the technology to execute a payment. The initial 650,000 shares will be issued at a deemed price of $0.72 per share, with future issuances priced at the time of issuance. All shares will be subject to a four-month hold period.
FintechWerx expects that integrating HRS will enhance its platform by improving the accuracy of fraudulent behavior identification and introducing device-level intelligence, ultimately improving transaction approval outcomes.
George Hofsink, Co-Founder and CEO of FintechWerx, stated that the acquisition represents a strategic expansion of FintechWerx’s technology solution. He added that HRS introduces device-level intelligence that strengthens risk management across the platform, allowing for more accurate fraud detection, support for high-risk merchants, and improved transaction outcomes.
The acquisition aligns with FintechWerx’s strategy of integrating specialized technologies to enhance onboarding, payments, identity verification, and fraud mitigation within a unified ecosystem.
FintechWerx is a Canadian financial technology company that provides onboarding, payments, identity verification, fraud mitigation, and data services to merchants, independent sales organizations, and payment service providers.
Additional information is available at www.sedarplus.ca and the Company’s website.
Source: FintechWerx International Software Services Inc.