Fintech Expands Auto-Dealer Ecosystem for Huge Potential Return
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1. The FUTR Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
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Disclosures for Research Capital Corp., The FUTR Corp., July 16, 2026:

Analyst Certification I, Greg McLeish, CFA, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report. Greg McLeish, CFA has visited The FUTR Corporation in the past 18 months. 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On July 16, 2026, Greg McLeish, CFA, of Research Capital Corporation reiterated a Speculative Buy rating and CA$3.00 target price on The FUTR Corp. (FTRC:TSX; FTRCF:OTC; QA20:FSE), implying a projected return of 1,566.7% from the July 16, 2026, closing price of CA$0.18, following FUTR's announcement of a strategic partnership with Feenix Payment Systems that expands its dealership offering beyond consumer vehicle loan payments into working capital, payment processing, point-of-sale infrastructure, and future consumer data integration.

The partnership is supported by a CA$500,000 strategic investment from Feenix, which McLeish views as a meaningful signal of commercial alignment between the two organizations. Under the arrangement, FUTR retains responsibility for dealer acquisition, onboarding, training, and account management, while Feenix provides the underlying payment processing infrastructure, dealer working capital solutions, and preferred point-of-sale vendor relationships. McLeish believes this division of responsibilities allows FUTR to strengthen its dealership value proposition "without materially increasing internal operating complexity."

Historically, FUTR's dealership relationship centered on the finance and insurance office, where consumers enrolled in FUTR Payments during vehicle financing. The Feenix partnership extends that relationship into the dealership's service division, adding new payment infrastructure, dealer financing solutions, and future data connectivity intended to embed FUTR more deeply throughout the dealership lifecycle. McLeish believes these touchpoints should improve dealer retention and strengthen customer relationships.

The announcement builds on strong commercial momentum. During Q2 2026, FUTR signed 51 dealership rooftops, comprising 15 net new dealerships and 36 legacy dealers returning following the launch of Payments 2.0. Combined with 22 new dealer agreements signed in Q1, FUTR has now signed 73 dealership rooftops year-to-date, and its active dealer network has expanded to more than 180 dealerships. According to McLeish, the return of legacy dealers provides "independent validation that management has successfully addressed many of the onboarding and workflow challenges that limited adoption under the legacy platform."

McLeish characterizes the evolution of the dealership strategy as a shift from "a single-product payments offering into a multi-product customer acquisition platform." Every consumer enrolling through FUTR Payments becomes a potential FUTR Agent App user, opening additional opportunities across FUTR Planning, insurance, future AI-enabled financial services, and consent-based consumer data. As dealerships adopt a broader range of FUTR-supported services, the analyst expects switching costs to increase and dealer relationships to become more durable.

Key risks identified include liquidity and going concern considerations tied to FUTR's stage of development, regulatory exposure as a payments and data platform subject to audits in Canada and the U.S., limited patent coverage supporting intellectual property, potential litigation, and execution risk associated with scaling operations and integrating enterprise partners. McLeish notes that since its public listing FUTR has raised more than CA$15 million in equity, and that Executive Chairman G. Scott Paterson holds more than 10% of shares outstanding on a partially diluted basis, while CEO Alex McDougall brings digital asset and investment banking experience. The analyst believes this management team has "the capacity to raise significant capital and mitigate the balance sheet risk noted herein."

The CA$3.00 target is based on a sum-of-the-parts valuation that assigns CA$1.81 per share to FUTR's core platform (DCF, 15% WACC, 2% terminal growth) and CA$1.08 per share to the discounted value of its FUTR token reserve (20% discount rate, CA$1.53 forecast token price). McLeish describes FUTR as "a high-conviction opportunity at the intersection of consumer data, tokenized incentives, and privacy-first infrastructure." FUTR shares trade at CA$0.18 with a 52-week range of CA$0.16–CA$0.42, a market capitalization of CA$27.10 million, 150.7 million shares outstanding, CA$5.50 million in cash, and CA$1.00 million in debt, leaving 1,566.7% upside to the CA$3.00 target.