Feenix Invests $500,000 in FUTR
Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - The FUTR Corporation (TSXV: FTRC) (OTCQB: FTRCF) (FSE: QA20) ("FUTR"), creator of the FUTR Agent App, which enables users to store, manage, access, and monetize their personal information and make intelligent payments, today announced that its FUTR Payments division and Feenix Payments Systems ("Feenix") have partnered to offer US-based auto dealerships with Feenix's service division payment infrastructure and forgivable working capital.
FUTR's active auto dealer network exceeds 180 dealerships, primarily based in New York State, and FUTR expects to grow this dealer base materially in the coming quarters. The additional product offering is aimed primarily for an auto dealer's billing infrastructure associated with their service division and aligns with FUTR Payments existing offering to auto dealers which allows auto buyers to pay off their car loans faster. The FUTR Corporation has focused on the auto industry as a key avenue to drive FUTR Agent App User growth.
The partnership includes a strategic investment from Feenix's investment arm.
Why This New Partnership Matters to Auto Dealers
Through this partnership, auto dealerships can:
Improve cash flow through flexible working capital.
Increase Finance & Insurance ("F&I") revenue through FUTR Payments.
Modernize payment processing via Feenix and its line of preferred Point-of-Sale vendor relationships.
Continue working with the FUTR Payments team they already know.
Gain access to additional growth tools without disrupting existing operations.
FUTR continues to own dealer acquisition, onboarding, training, and account management for FUTR Payments. Feenix provides the underlying payment processing, working capital, updated point-of-sale systems through its preferred vendor relationships. Feenix processing is introduced as part of this working capital offer; dealers who do not take the offer are not required to change payment processors to continue using FUTR Payments.
FUTR CEO Alex McDougall
"Dealerships are cash-intensive businesses, and working capital is a constant pressure point for our dealer network," said Alex McDougall, Chief Executive Officer of The FUTR Corporation. "This partnership gives our dealers an attractive working capital solution where principal can be forgiven just by running their business as they have been, new point-of-sale hardware is provided at no incremental cost, and a new way to bring their customers into the FUTR Agent App is created. Everyone in this partnership is growing the same relationship together."