Fintechwerx Advances Core Strategy with Key January Developments

Fintechwerx International So CA31810J2020

The month of January saw Fintechwerx International So make significant progress across multiple strategic fronts, from securing fresh capital to launching a new artificial intelligence demonstration and entering a promising new market segment.

On January 16, the company concluded a non-brokered private placement, raising gross proceeds of approximately $250,000. Management stated these funds are earmarked for general working capital purposes, research and development initiatives, and bolstering sales and marketing efforts for the Fintechwerx platform.

Earlier in the month, on January 12, Fintechwerx signed a non-binding Letter of Intent concerning an exclusive technology license for a "High Risk Shield" solution, a technology designed to reduce fraudulent transactions.

A Functional AI Demonstration Goes Live

A central milestone for the company's "AI-Werx" initiative was achieved on January 30. Fintechwerx announced that its technology partner, ActioHX, had delivered and deployed a completed Proof of Concept. This resulted in a fully functional demonstration environment that aggregates various financial and operational data sets, processing them into a structured "intelligence" layer.

The environment's capabilities include live dashboards, automated reporting, and a natural language interface. According to the company, this establishes the technical foundation required to prepare for the broader implementation of its AI-Werx product strategy.

Expansion into Electric Vehicle Charging Payments

In a move to diversify its payment services applications, Fintechwerx announced its entry into the electric vehicle charging infrastructure market near the end of January. This expansion is facilitated by a five-year licensing agreement with AetherEV Energy Corporation.

As part of the agreement, AetherEV will integrate Fintechwerx's payment gateway software into its own platform. The primary objective is to enable secure, real-time transaction processing, marking a strategic step for Fintechwerx into a new and growing vertical.

Supporting Corporate Developments

Further supporting its market expansion goals, Fintechwerx launched a new corporate website on January 19. This update is intended to better reflect the company's evolving strategic direction and service offerings.