FintechWerx completes Ruby Loans acquisition in cash-and-shares deal
What's the deal? FintechWerxDealroom has a profile for this one. Try Dealroom → International Software Services (CSE: WERX), a Canadian financial technology company, has completed its acquisition of small business lending platform Ruby LoansDealroom has a profile for this one. Try Dealroom →. The Vancouver-based firm paid $100,000 in cash and issued 728,862 shares at an assumed price of $0.6174 each to seller 1431575 B.C. Ltd., an unrelated third party.
What does Ruby Loans do? The platform serves small and medium-sized businesses, letting borrowers initiate their own loan requests and automating many previously manual steps in preparing loan documents for approval.
What's the endgame? Ruby Loans guides an application through a multi-step process — from initial request to document submission, financial assessment, and risk evaluation. The stated goal is to generate a high-quality loan request before credit risk staff get involved.
How was it structured? Under an intellectual property and technology asset purchase agreement dated July 6, 2026, FintechWerx and the seller signed an assignment agreement transferring all rights and interests in Ruby Loans to FintechWerx. The shares carry a statutory hold period ending four months and one day from issuance.
What else? Separately, FintechWerx issued 101,997 shares at $0.6783 each to Secure Digital Payments Corp. under a license and services agreement dated June 1, 2026. The company said a previous June 11 release had incorrectly stated that figure as 85,062 shares.
The signal: FintechWerx provides onboarding, payments, identity verification, fraud prevention, and data services as an alternative to using multiple separate vendors. Folding in Ruby Loans extends that bundle into small business lending, deepening the one-stop pitch it makes to merchants and payment providers.
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