Fintechwerx, CardCorp and Stream Sign LOI to Form Gibraltar Payment Institution

Reuters02-20

Fintechwerx, CardCorp and Stream Sign LOI to Form Gibraltar Payment Institution

Fintechwerx International Software Services Inc. has signed a letter of intent with U.K.-based CardCorp Limited and Nova Business Holdings Ltd (trading as Stream Innovation Group) to collaborate on forming and capitalizing a Gibraltar-based payment institution. Subject to definitive agreements and regulatory approval, Fintechwerx plans to invest £250,000 for a 20% stake, with CardCorp and Stream each expected to hold 40%, as the new entity seeks authorization to operate a regulated PayFac platform under Visa and Mastercard sponsorship arrangements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fintechwerx International Software Services Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202602192200TNWSWRCACNPR_____1kx7F5Wrb) on February 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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