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Inverite Insights Inc (2)
Symbol INVR
Shares Issued 41,528,721
Close 2025-08-07 C$ 0.19
Market Cap C$ 7,890,457
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Inverite Insights forms partnership with Usolve

2025-08-07 18:02 ET - News Release

Mr. Mike Marrandino reports

INVERITE ANNOUNCES ENGAGEMENT WITH USOLVE FINANCIAL TO POWER SMARTER RISK ASSESSMENT THROUGH INVERITE'S AI PLATFORM & REAL-TIME BANK DATA

Inverite Insights Inc. has engaged Usolve Financial, an Ontario-based alternative lender offering on-line lending along with 11 brick-and-mortar locations specializing in payday, personal and auto equity loans.

Through this engagement, Usolve will be leveraging Inverite's proprietary bank verification product, along with the integrated data enrichment feature, to support and enhance its adjudication process with the consumer. In addition to lending, Usolve offers a suite of financial services, including cheque cashing and money transfers to family, friends and third parties. Inverite's AI-based open banking ready platform provides a scalable, cost-effective, solution that enables clients to grow and expand their financial services offerings with minimal latency or connectivity concerns.

"At Usolve, our goal is to make borrowing easier, faster and more transparent for everyday Canadians," said Nelson Belchior, principal at Usolve. "By integrating Inverite's technology, we are strengthening our ability to assess risk in real time. This also allows us to deliver a more seamless experience to our customers, whether on-line or in person."

"We're excited to partner with Usolve Financial as they continue to expand access to responsible credit solutions in Ontario. Our bank verification and data enrichment tools are designed to bring greater clarity, speed and confidence to the adjudication process by helping lenders make more informed decisions with less friction," said Karim Nanji, Inverite chief executive officer.

In addition to the above, Inverite announces that an insider has subscribed for $30,000 in convertible debentures (CDs) pursuant to the private placement announced on June 23, 2025 (see news release for CD terms). If all the $30,000 in CDs, which if converted in their first year at 32 cents/unit would yield a number of underlying common shares representing approximately 0.23 per cent of the then-issued common shares as of the closing, and, if the underlying warrants are also exercised, an aggregate number of common shares representing approximately 0.45 per cent of the then-issued common shares as of the closing. The participation by the insider constitutes a related party transaction within the meaning of the policies of the Canadian Securities Exchange and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the placement exceeds 25 per cent of the company's market capitalization, and on the basis that no securities of the company are listed or quoted on certain stock exchanges as specified in MI 61-101.

About Inverite Insights Inc.

Inverite Insights is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over 28 billion financial data points from more than seven million unique Canadian consumers requests, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance.

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