FintechWerx

What FintechWerx does

FintechWerx International Software Services Inc. is a Vancouver-based, publicly traded financial technology company (CSE: WERX; Frankfurt Stock Exchange) that operates a unified payments platform under three core modules: PaymentWerx (multi-processor gateway claiming connections to 120+ payment providers across major currencies), MerchantWerx (automated merchant onboarding with KYC/KYB reducing verification time from days to minutes), and TrustWerx (fraud, compliance, chargeback, and identity verification embedded in transaction workflows, augmented by the May 2026 acquisition of High Risk Shield device-level fraud detection). Supporting modules include EMTWerx (Interac e-Transfer for Canadian payment rails, with a June 2026 launch targeting Shopify merchants), IDVWerx (Persona-integrated identity verification), InsightWerx (transaction analytics), ConnectWerx (connectivity), Ruby Loans (lender intake automation), and AI-Werx (AI capabilities in proof-of-concept with ActioHX).

The company's business model combines transaction-based payment processing fees, subscription or usage-based platform fees, and software licensing — including master license agreements with Equifax, gateway licensing to AetherEV, and reseller arrangements with CardCorp Services Ltd. for European expansion. Revenue is reported in Canadian dollars on a quote-based pricing model with weekly invoicing and minimum-fee terms per order form. The go-to-market combines direct enterprise sales ("Book a Demo," "Book a Consult"), a self-serve platform trial for merchants and ISO/agents, and a channel motion through ISOs and PSPs (including a Payroc WorldAccess ISV agreement and a Nuvei Corporation partnership). Customer segments are deliberately weighted toward high-risk merchants, ISOs, and PSPs underserved by single-processor incumbents.

Financially, FintechWerx reported FY2025 revenue of CA$20,700 — an 87% year-over-year decline — alongside a CA$959,000 net loss and only CA$84,100 in cash at year end. The company has raised approximately CA$4.74M cumulatively across private placements, crowdfunding, debt conversions, and warrant exercises, and is pursuing a £250,000 equity investment in a Gibraltar-regulated payment institution alongside CardCorp and Nova Business Holdings to access European markets under Visa/Mastercard sponsorship. Regulatory scope spans PCI DSS Level 1, PIPEDA, GDPR, PCMLTFA, and RPAA compliance. Geographic footprint is anchored in Canada with stated U.S., U.K., and Gibraltar reach, though Terms of Service restrict U.S. persons from card processing services.

Name

FintechWerx

Legal name

FintechWerx International Software Services Inc.

Website

https://www.fintechwerx.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

FintechWerx is a Vancouver-based publicly traded fintech (CSE: WERX) operating a unified payment gateway, merchant onboarding, and fraud/compliance platform serving high-risk merchants, ISOs, and PSPs across Canada, the U.S., and Europe.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Payment Gateways & Orchestration (BPAMAFAA)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Dispute, Chargeback & Refund Automation (FSAGABAI), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

Keywords

• Payment processing
• Merchant onboarding
• Fraud prevention
• Identity verification
• Payment gateway

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Payment Processing Fees: Transaction-based fees charged to merchants for payment processing through the PaymentWerx gateway. Revenue is volume-based and tied directly to transaction throughput across the platform's 120+ payment provider connections.
2. Gateway/Platform Fees: Subscription or usage-based fees for access to the integrated platform including PaymentWerx, MerchantWerx, and TrustWerx modules. Combined with transaction fees for a hybrid model.
3. Software Licensing: Licensing of proprietary software components including onboarding software, payment gateway, and EMT software. Master license agreements with partners like Equifax and technology acquisitions generate licensing revenue.
4. Fraud/Risk Services: Revenue from TrustWerx fraud detection and compliance services, including High Risk Shield device-level fraud detection acquired in 2026, charged as part of the integrated platform or as add-on services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

FintechWerx delivers a unified financial technology platform providing automated merchant onboarding, identity verification, payment processing, fraud and compliance tools, and data management services under one integrated architecture. The platform connects merchants to over 120 payment providers across all major currencies, supports multi-processor intelligent routing and decline recapture, automates KYC/KYB verification, and embeds PCI-DSS/GDPR compliance. It targets high-risk and cross-border e-commerce merchants, payment service providers, independent sales organizations, and financial institutions via APIs, SDK, and channel partner networks.

Product overview

FintechWerx is a unified financial technology platform delivering automated onboarding, identity verification, payment solutions, trust & compliance tools, and data management services under one integrated architecture. The core platform consists of three main products: PaymentWerx (gateway and payment processing), MerchantWerx (onboarding and merchant management), and TrustWerx (fraud, compliance, and identity verification). These are augmented by specialized modules including EMTWerx (Interac e-Transfer for Canadian payment rails), IDVWerx (biometric identity verification), InsightWerx (analytics and business intelligence), ConnectWerx (connectivity solutions), Ruby Loans (automated lending intake), and AI-Werx (AI capabilities in development). The platform targets high-risk merchants, payment service providers, independent sales organizations, and financial institutions requiring processor flexibility, dynamic routing, real-time risk mitigation, and regulatory compliance in a single integrated environment.

Differentiator

Problem solved

Functional benefit

Brands

• PaymentWerx: Payment gateway platform delivering processor flexibility, intelligent routing, redundancy, and portfolio management.
• MerchantWerx
• TrustWerx
• EMTWerx
• InsightWerx
• IDVWerx
• ConnectWerx
• AI-Werx
• Ruby Loans

Products and services

• PaymentWerx Payment gateway platform providing processor flexibility, intelligent multi-processor routing, redundancy, and portfolio management. Connects to over 120 payment providers in all major currencies with global acquiring network access. Designed for merchants, PSPs, and ISOs needing multi-processor failover and decline recapture.
• MerchantWerx Merchant onboarding and client management platform providing automated KYC/KYB verification, real-time identity verification, and streamlined enrollment processes. Reduces merchant onboarding from days to minutes with multilayer security protocols and regulatory compliance for merchants and ISO/agent networks.
• TrustWerx

Quantifiable outcome

• Reduces merchant onboarding time from days to minutes through automated KYC/KYB verification
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability8 records

Feature9 records

Partnerships

15 partnerships are on record, tiered core, talent development, key account, innovation, expansion, operational, strategic, channel and infrastructure.

• High Risk Shield (TrustWerx Solutions acquisition)coreStrategic or Co-development Partner · 5 May 2026All-stock acquisition of High Risk Shield device-level fraud detection system through wholly owned subsidiary TrustWerx Solutions. Deal valued at CA$0.72-per-share involving 650,000 initial shares plus up to 325,000 contingent shares. Binding agreement signed May 5, 2026, first tranche completed May 27, 2026.
• British Columbia Institute of Technology (BCIT)talent developmentStrategic or Co-development Partner · 19 March 2026Collaboration to enhance BCIT's Business Information Technology Management (BITMAN) program through 10-week placements for eight student business analysts. Students conduct gap analysis and use predictive analytics for data-driven financial decision-making. Supports FintechWerx's broader AI capabilities expansion. Co-founder George Hofsink stated agreement supports company's platform AI development.
• CardCorp LimitedcoreStrategic or Co-development Partner · 19 February 2026UK-based CardCorp Limited partnering with FintechWerx and Nova Business Holdings to establish a new payment institution in Gibraltar. FintechWerx investing £250,000 for 20% equity stake, with CardCorp holding 40%. Entity seeks authorization as Payment Institution (Class C) under Gibraltar Financial Services Act 2019 to operate as payment facilitator under Visa/Mastercard sponsorship across European markets.
• Nova Business Holdings Ltd (Stream Innovation Group)coreStrategic or Co-development Partner · 19 February 2026UK-based Nova Business Holdings trading as Stream Innovation Group co-investing with FintechWerx and CardCorp in Gibraltar payment institution. Each holding 40% with FintechWerx holding 20%. Entity will pursue Payment Institution (Class C) authorization for European market payment facilitator operations.
• AetherEV Energy Corporationkey accountTechnology or Integration · 26 January 2026Five-year licensing agreement for FintechWerx gateway software and transaction processing integrated into AetherEV's electric vehicle charging and energy platform. Positions FintechWerx as underlying payments infrastructure enabling secure, real-time processing of multiple payment methods in PCI DSS Level 1 environment. Strategic entry into global EV charging infrastructure market.
• ActioHXinnovationStrategic or Co-development Partner · 9 January 2026Engaged ActioHX to deliver proof of concept for AI-Werx deployment. Received completed proof of concept on January 30, 2026, advancing AI capabilities deployment on platform.
• BookinglayerexpansionTechnology or Integration · 5 January 2026PaymentWerx payment gateway integrated as approved payment service with Bookinglayer, an all-in-one reservation platform serving retreats, resorts, and schools. Partnership provides Bookinglayer hospitality clients with additional payment processing options while addressing high chargeback rates common in travel industry.
• Fairfax Partners Inc.operationalImplementation/ SI/ Consulting Partner · 27 August 2025Completed investor relations services agreement with Fairfax Partners Inc.
• Nuvei CorporationstrategicTechnology or Integration · 8 July 2025Completed partner agreement with Nuvei Corporation for payment processing integration and collaboration.
• Payroc WorldAccess Inc.channelChannel Partner/ Reseller/ Distributor · 27 June 2025Completed ISV (Independent Software Vendor) agreement with Payroc WorldAccess Inc. for channel distribution.
• OpenPath Inc.operationalImplementation/ SI/ Consulting Partner · 5 May 2025Completed procurement services agreement with OpenPath Inc. for operational support services.
• Zūm RailsinfrastructureTechnology or Integration · 25 August 2024Cross-border payment infrastructure partnership for seamless cross-border growth enabling expanded payment rails capabilities.
• PersonainfrastructureTechnology or Integration · 1 August 2024Completed integration with Persona for identity verification (IDV) services, part of broader IDVWerx platform capabilities.
• TDH Strategies Inc.operationalImplementation/ SI/ Consulting Partner · 18 July 2024Completed Master Services Agreement with TDH Strategies Inc. for consulting and strategy services.
• EquifaxinfrastructureTechnology or Integration · 11 April 2024Completed Master License Agreement with Equifax for credit/identity verification services integration into platform capabilities.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Square (Block): Block-owned payments platform providing gateway, processing, onboarding, and risk tooling to merchants and developers. Comparable broad product overlap; significant scale advantage over FintechWerx.
• Stripe: Global payments infrastructure platform offering gateway, processing, onboarding (Stripe Identity), and fraud tools (Stripe Radar). Directly comparable product architecture at massive scale; sets the integrated-platform benchmark FintechWerx is positioning against.
• Adyen: Global unified payments platform combining gateway, processing, and risk management for enterprise merchants. Comparable in single-architecture philosophy, multi-currency/multi-processor approach, and enterprise targeting.
• Checkout.com: Global payment processor offering unified gateway, acquiring, fraud (Checkout.com Risk), and financial services. Comparable in targeting enterprise merchants with multi-processor flexibility and integrated risk.
• Fiserv: Global Fortune 500 fintech and former employer of FintechWerx's CEO. Comparable as an incumbent providing merchant acquiring, gateway, fraud, and financial institution software; broad overlap with FintechWerx's product suite at significantly larger scale.

Direct peers

• Payroc: US-headquartered payment processor and ISV partner of FintechWerx. Comparable as a payments platform serving ISOs and merchants with processing, gateway, and onboarding tools — competing for the same ISO distribution and mid-market merchant relationships.
• Helcim: Canadian payment processor offering gateway, merchant onboarding, and multi-processor routing to SMB and mid-market merchants. Closely comparable in geographic focus (Canada/US), target segment, and unified-platform GTM philosophy.
• Nuvei Corporation: Canadian-headquartered global payment processor and technology partner to FintechWerx. Directly comparable in serving merchants with multi-currency processing, chargeback tools, and PSP/ISO distribution; Nuvei is both a partner and a direct competitor in the same merchant-acquisition pool.

Regional players

• Moneris: Canada's largest domestic payment processor and acquirer, jointly owned by RBC and BMO. Comparable as a Canadian payments incumbent with full-stack gateway, merchant services, and fraud/risk offerings; serves the same merchant base FintechWerx targets.

Emerging players

• Stax: US payment platform offering integrated processing, gateway, and onboarding to ISVs and SMBs. Comparable in targeting ISV/ISO channels and unified-stack positioning, but at larger scale than FintechWerx.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fintechwerx
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/fintechwerx
• Instagraminstagram.com/fintechwerx

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FintechWerx