DALLAS, June 30, 2026 (GLOBE NEWSWIRE) — UPAY Inc. (“UPAY” or the “Firm”) (OTCQB: UPYY), a technology-focused firm with pursuits in fintech, compliance, software program platforms and digital infrastructure, broadcasts the completion of a restructuring transaction involving Petra Software program (Pty) Ltd (“Petra SA”), Petra Software program LLC (“Petra USA”), and Acheron Techniques (Pty) Ltd (“Acheron”).
UPAY established a software program growth and expertise platform by way of Petra USA and Petra SA. Petra USA, a Florida restricted legal responsibility firm wholly owned by UPAY, holds a majority curiosity in Petra SA. Petra SA will function the devoted South African software program growth and expertise platform firm, with Acheron changing into an entirely owned subsidiary of Petra SA. This construction positions the UPAY group to develop its software program growth capability, expertise structure capabilities and worldwide commercialization alternatives.
Petra USA holds a majority curiosity in Petra SA, whereas Wynand Jordaan will retain a minority curiosity of 32% in Petra SA. The construction additionally permits for participation by different shareholders and a future key worker incentive pool.
Acheron, based by Wynand Jordaan and in operation since 2015, is a South African software program growth firm with expertise in software program structure, fintech growth, expertise techniques and superior software program options. By means of this transaction, Acheron’s software program growth capabilities will probably be aligned with Petra USA, Petra SA and the broader UPAY ecosystem.
UPAY believes the transaction gives a number of potential advantages, together with:
- expanded software program growth and structure capability within the US and South Africa;
- strengthened expertise supply functionality for UPAY group initiatives;
- a platform for worldwide software program commercialization;
- continued involvement of Acheron founder Wynand Jordaan;
- a construction that enables for future key worker participation; and
- enhanced potential to develop and assist fintech, compliance and associated expertise platforms.
Jaco Fölscher, Chief Government Officer of UPAY Inc., commented:
“We’re excited concerning the completion of this transaction. Acheron brings software program engineering, structure and expertise supply functionality into the construction, whereas Petra SA offers us a targeted platform by way of which we are able to scale growth and commercialization alternatives. Importantly, Petra USA additionally offers us the power to contract with and carry out growth work for US prospects, making a bridge between South African software program engineering functionality and the US market. This transaction is a vital step in strengthening UPAY’s expertise basis and positioning the group for future development.”
Wynand Jordaan, founding father of Acheron Techniques, commented:
“I’m excited concerning the subsequent part for Acheron and the chance to work extra carefully with Petra USA and Petra SA. The construction creates a platform for worldwide development, whereas permitting us to proceed specializing in software program growth, structure and expertise supply.”
The Firm expects the Petra and Acheron construction to assist UPAY’s long-term technique of constructing and proudly owning expertise platforms that serve the monetary companies, compliance, software program and digital infrastructure sectors.
About UPAY Inc.
UPAY Inc. is a publicly traded firm quoted on the OTCQB below the ticker image UPYY. The Firm is concentrated on constructing and increasing technology-driven companies, with pursuits in fintech infrastructure, software program platforms, compliance options and associated digital companies.
About Petra Software program (Pty) Ltd
Petra Software program (Pty) Ltd is a South African software program and expertise firm established to assist software program growth, expertise structure, platform growth and commercialization alternatives inside the UPAY ecosystem and associated markets.
About Acheron Techniques (Pty) Ltd
Acheron Techniques (Pty) Ltd is a South African software program growth firm based by Wynand Jordaan and has been in operation since 2015. Acheron has expertise in software program structure, fintech growth, techniques design and expertise supply.
Ahead-Trying Statements
This press launch comprises forward-looking statements inside the that means of relevant securities legal guidelines. Ahead-looking statements embrace statements concerning future development, expertise growth, commercialization alternatives, strategic advantages, software program growth capability, platform growth, future worker incentives and the anticipated advantages of the transaction. These statements are primarily based on present expectations and assumptions and are topic to dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied. These dangers and uncertainties embrace, amongst others, the Firm’s potential to finish and combine the transaction and notice its anticipated advantages; its want for added financing and the potential for dilution to shareholders; dangers of conducting operations in South Africa, together with forex, authorized and regulatory dangers; dependence on key personnel, together with Wynand Jordaan; and the opposite threat elements described within the Firm’s filings with the U.S. Securities and Trade Fee, which can be found at www.sec.gov.
Ahead-looking statements will not be ensures of future efficiency, and readers shouldn’t place undue reliance on them. UPAY undertakes no obligation to replace or revise any forward-looking statements, besides as required by legislation.
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