Inverite Insights forms partnership with Usolve

Executive Summary

• Inverite Insights Inc. has entered into an engagement with Usolve Financial, an Ontario-based alternative lender, to integrate Inverite’s proprietary bank verification and data enrichment AI platform into Usolve’s consumer adjudication process.
• An insider has subscribed for $30,000 in convertible debentures under a private placement announced on June 23, 2025, constituting a related party transaction.
• The transaction relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the transaction does not exceed 25% of the company's market capitalization.

Key Details

• Partnership Details: Usolve Financial will leverage Inverite’s AI-based open banking ready platform to enhance risk assessment, adjudication speed, and data clarity for its lending, cheque cashing, and money transfer services.
• Financing Amount: $30,000 in convertible debentures (CDs).
• Subscriber: An insider of Inverite Insights Inc.
• Conversion Terms:
  • Conversion price: 32 cents per unit.
  • Share yield (conversion only): Approximately 0.23% of then-issued common shares.
  • Share yield (including warrant exercise): Approximately 0.45% of then-issued common shares.
• Regulatory Context: The transaction is classified as a related party transaction under Canadian Securities Exchange and Multilateral Instrument 61-101 policies.
• Exemptions: The company is relying on exemptions from formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a) of MI 61-101.

Notable Quotes

• "At Usolve, our goal is to make borrowing easier, faster and more transparent for everyday Canadians... By integrating Inverite's technology, we are strengthening our ability to assess risk in real time." — Nelson Belchior, Principal at Usolve
• "We're excited to partner with Usolve Financial... 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." — Karim Nanji, CEO of Inverite