Inverite selected to be data provider for fintech co.

Executive Summary

• Inverite Insights Inc. has secured a strategic partnership with a global fintech enterprise to serve as the core data and verification layer for its Canadian wealth management operations, which manage over $2 trillion in assets.
• The integration embeds Inverite’s AI-driven platform directly into the partner's infrastructure to provide automated EFT collection and real-time KYC confirmation for Tier 1 financial institutions.
• Concurrently, the company announced a non-brokered private placement of units to raise up to $1 million in gross proceeds, accompanied by warrants exercisable at 35 cents.

Key Details

• Partnership Scope: The global fintech partner supports 26 million end investors and serves 650+ financial institutions and 12,000+ wealth/asset management firms worldwide.
• Technical Integration: Inverite’s AI-enabled, real-time data intelligence layer will be embedded natively into the partner's Canadian wealth management infrastructure.
• Key Capabilities Delivered:
  • Automated EFT collection for faster, more secure client onboarding.
  • Real-time KYC (Know Your Client) confirmation for instant verification of account ownership and identity.
• Strategic Impact: The agreement creates a scalable, high-distribution channel for Inverite, positioning it within the core infrastructure of the partner's Canadian platform and supporting recurring revenue growth through consumption by a national Tier 1 client base.
• Financing Details:
  • Type: Non-brokered private placement.
  • Price: 25 cents per unit.
  • Gross Proceeds: Up to $1 million.
  • Unit Composition: Each unit consists of one common share and one-half warrant.
  • Warrant Terms: Each whole warrant is exercisable to purchase one common share at an exercise price of 35 cents.
  • Warrant Expiry: Two years from the closing date.
  • Hold Period: All securities are subject to a hold period of four months and one day from the closing date.
  • Finder Fees: The company may pay finder fees in accordance with applicable laws and exchange requirements.

Notable Quotes

• "This partnership is a defining milestone for Inverite and validates the core of our business model... Embedding our AI-driven data intelligence directly within the financial infrastructure of a global enterprise demonstrates our ability to operate in highly regulated environments and accelerates our national scale." — Karim Nanji, Chief Executive Officer