FUTR Corporation Teams Up with Feenix Payment Systems to Provide Forgivable Working Capital and Service Payment Solutions for US Auto Dealerships

Structure of the FUTR Payments and Feenix Payment Systems Partnership

According to the partnership terms, FUTR Corporation manages dealer acquisition, onboarding, training, and account management within its FUTR Payments division. Feenix Payment Systems supplies the underlying payment processing infrastructure, forgivable working capital funding, and updated point-of-sale hardware through its preferred vendor connections. The two companies’ payment solutions complement each other rather than overlap: Feenix focuses on processing payments in the dealership's service division, while FUTR Payments targets the finance and insurance segment by helping car buyers accelerate auto loan payments via a bi-weekly payment program.

Dealers opting out of Feenix's working capital offering can continue using FUTR Payments without switching payment processors. This opt-in model minimizes disruption for FUTR’s existing dealer network of more than 180 dealerships, layering new products onto existing relationships without replacing current services.

Features of Feenix’s Forgivable Working Capital Program for Auto Dealerships

The Feenix Working Capital Program enables qualified dealerships to access forgivable working capital tied to their use of Feenix’s payment processing, mainly within service divisions. As dealerships process payments through Feenix, part or all of the working capital advance can be forgiven over time. This repayment method allows dealers to repay advances "through business they are already doing," positioning the program as a low-disruption financial benefit.

The announcement also reveals an acceleration option linked to FUTR Payments: dealers and their finance and insurance managers may opt to receive FUTR Payments revenue-share entitlements—normally paid over nine months post-customer enrollment—immediately at enrollment, funded by the forgivable Feenix working capital program. This feature offers dealerships quicker revenue realization, potentially incentivizing participation.

Feenix’s $500,000 Strategic Investment in FUTR Corporation

Feenix’s investment arm is committing $500,000 in total to FUTR Corporation. The initial $250,000 tranche was completed in June 2026 via 1,250,000 units at $0.20 each, matching the terms of the current offering. The second tranche, announced July 15, 2026, involves a non-brokered private placement of 1,250,000 units at $0.20 per unit, raising $250,000. Each unit includes one common share and one warrant exercisable at $0.50, expiring May 30, 2028.

As a strategic placement without broker involvement, no underwriter or agent fees apply. Feenix’s equity stake in FUTR Corporation alongside the commercial partnership may be viewed as aligning financial incentives between both companies. The immediate impact on FUTR’s share price was not publicly available at the time of this release.

FUTR’s Auto Dealer Network and Growth Prospects

FUTR Corporation currently supports over 180 active auto dealerships via FUTR Payments, primarily in New York State. The company intends to "grow this dealer base materially in the coming quarters," though no specific targets or timelines were disclosed. The auto industry remains a key strategic vertical, as each dealership transaction enrolling customers in the FUTR Payments bi-weekly program also drives FUTR Agent App adoption. The Feenix partnership extends this strategy by offering working capital solutions that encourage deeper dealership engagement and accelerate app user growth.

How FUTR Payments’ Bi-Weekly Program Benefits Car Buyers

FUTR Payments allows dealerships to offer customers a bi-weekly payment plan at financing, facilitating payments directly from consumers’ bank accounts to auto lenders. The program helps consumers reduce interest costs and manage payments more effectively while generating additional revenue for dealerships and their finance teams.

Revenue-share earned by dealerships and finance teams is typically distributed over nine months after customer enrollment. Every customer joins via the FUTR Agent App, which serves as a core platform for scaling FUTR’s consumer-facing services. The app functions not only as a payment tool but also as a personal information management and monetization platform, with auto loan payments serving as a key user acquisition channel.

Integration of Feenix Point-of-Sale Data with FUTR Agent App

The partnership plans to integrate consumer auto service data from Feenix’s new point-of-sale systems into the FUTR Agent App. This data will include details on routine auto service, parts, and related transactions, enhancing the app’s value proposition for users.

This integration is described as a future capability with no specific timeline provided, representing a longer-term strategic benefit rather than an immediate feature.

Dealership Benefits from the Combined FUTR and Feenix Offering

Dealerships benefit from improved cash flow via flexible working capital access, increased finance and insurance revenue through FUTR Payments enrollments, modernized payment processing through Feenix and its point-of-sale vendors, continuity of service with the existing FUTR Payments team, and access to growth tools without operational changes.

New point-of-sale hardware is provided at no additional cost as part of the working capital offer. The forgivable nature of the working capital—tied to routine payment processing—means dealers do not need new revenue streams to benefit, making it especially practical for cash-intensive businesses.

Executive Insights on the Strategic Partnership

FUTR Corporation CEO Alex McDougall highlighted that working capital is a persistent challenge for dealers and praised the partnership for offering an "attractive working capital solution where principal can be forgiven just by running their business as they have been." He also noted the no-cost provision of new point-of-sale hardware and the opportunity to bring more customers into the FUTR Agent App.

Feenix CEO Keith Lee described the deal as enabling Feenix to "help fund" FUTR’s dealer network growth, emphasizing the innovative structure of working capital repayment through existing business activity supported by new hardware. Richard Graub, Head of Sales at FUTR Payments, stated that dealers have sought solutions beyond traditional finance and insurance products, and this combined offering addresses cash flow, F&I profitability, and operational simplification.

About Feenix Payment Systems and Its Fintech Role

Founded in 2017 and based in New York City, Feenix Payment Systems is a private fintech company providing end-to-end payment processing solutions focused on small and medium-sized businesses. The release does not disclose Feenix’s revenue, transaction volumes, or merchant base size beyond its collaboration with FUTR’s dealer network.

As a private entity, Feenix’s financials are not publicly disclosed like those of FUTR Corporation. The strategic investment into FUTR through Feenix’s investment arm establishes a financial relationship beyond a typical commercial partnership. No further details about Feenix’s investment arm or portfolio were provided.

Regulatory and Exchange Information for FUTR Corporation

FUTR Corporation is listed on the TSX Venture Exchange under ticker FTRC, OTCQB under FTRCF, and Frankfurt Stock Exchange under QA20. The release includes the standard disclaimer that neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of the press release, as customary for TSXV-listed companies.

The announcement contains forward-looking statements regarding partnership benefits, dealer adoption, Feenix point-of-sale data integration timing, and expected revenue and financing outcomes. FUTR Corporation disclaims any obligation to update forward-looking information except as required by law. Investors are reminded that forward-looking statements involve risks and uncertainties, and actual results may differ materially.