Inverite Insights Announces $4 Million Convertible Debenture Financing and Partnerships with 108 Securities and PRVN Creative to Accelerate Growth and Market Expansion
- Record-breaking revenue performance in May 2025
- Access to $239B total addressable market serving 12M underbanked Canadians
- Strategic partnerships with 108 Securities and PRVN Creative enhance market positioning
- AI-driven platform provides competitive advantage over traditional credit scoring
- Secured $4M convertible debenture financing for growth initiatives
- High financing costs with 12% interest rate on convertible debentures
- Significant fees to partners including $50,000 advisory fee and 8% commission to 108 Securities
- Potential dilution from convertible debentures and warrant exercises
- Monthly recurring costs of $7,500 for corporate development services
Next-Generation Credit Assessment Platform Positions to Capture Growing Fintech Market Serving Canada's Underbanked Population
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V00) ("Inverite" or the "Company"), Canada's first standalone AI-driven credit assessment platform that uses comprehensive financial data to make smarter, faster, and more inclusive lending decisions, is pleased to announce two transformative partnerships to accelerate the Company's growth trajectory following record-breaking performance that saw May 2025 mark the highest revenue month in Company history.
Unlike traditional credit scoring systems that rely on limited credit bureau data, Inverite's next-generation platform analyzes real-time financial behavior patterns to unlock lending opportunities for Canada's 12 million financially underserved but financially capable consumers. These partnerships will strengthen Inverite's mission to revolutionize credit assessment while capitalizing on the rapidly expanding alternative lending market.
Partnership with 108 Securities Inc.
Inverite has entered into a comprehensive partnership with 108 Securities Inc., an independent boutique investment bank with strong Equity Capital Markets capabilities. Under this strategic alliance, 108 Securities will provide:
- Marketing for a
$4 million Convertible Debenture Financing to fuel platform expansion and market penetration initiatives - Dedicated Equity Research Coverage to enhance institutional investor awareness and understanding of the market opportunity
- Comprehensive Corporate Development Consultancy services to strengthen stakeholder communications and strategic positioning
- Access to The Investor Coliseum, a digital investor relations platform, expanding Inverite's reach within this community
"Our firm was attracted to Inverite based on the depth and caliber of the management and leadership team, the quality of their product-market fit, and the broader addressable 'underbanked' market where they can capture a meaningful stake in one of the fastest-growing fintech sectors across North America," said Michael Crowley, President of 108 Securities. "Technology continues to reshape where we work and how we earn our livings, and with governments introducing specific legislation to implement open banking-consumer-driven banking that allows Canadians to share their financial data with third parties beyond traditional banks, enormous opportunities are emerging. This regulatory shift enables workers in the gig economy to access credit that may be inaccessible through traditional legacy credit rating platforms."
Terms of the engagement with 108 Securities:
- Fiscal Advisory Fee - The Company has agreed to pay 108 Securities an Advisory Fee of
$50,000. - Up to
$4M Convertible Debenture Offering- 108 Securities is the exclusive agent for the offering, on a best-efforts basis
- Company will pay a Fee of
8% in cash and8% in finder warrants on the Debentures sold by 108 Securities. Each finder warrant will be exercisable at$0.32 for a period of 2 years after the closing into a unit comprised of:- If the finder warrant is exercised in the first year of its term, one common share and a further warrant exercisable into a common share at a price of
$0.40 until the date that is three years after the closing: - If the finder warrant is exercised in the second year of its term, one common share and a further warrant exercisable into a common share at a price of
$0.50 until the date that is three years after the closing.
- If the finder warrant is exercised in the first year of its term, one common share and a further warrant exercisable into a common share at a price of
- Company will pay half of the above Fee on President's List subscribers.
- No Fees will be paid on subscriptions by directors, officers and other insiders of the Company, employees of the Company, any person conducting investor relations for or on behalf of the Company and on a finder's own subscriptions or subscriptions by finder's own associates, affiliates or personnel.
- Subject to the closing of the Offering, 108 shall have a right of first refusal to lead any future financing by the Company for a period of 12 months.
- Dedicated Equity Research Coverage
- The Company will pay 108 Securities a fee of
$25,000 for the preparation of an initiating report plus$7,500 for updated quarterly reports for a term of one year.
- The Company will pay 108 Securities a fee of
- Comprehensive Communications and Corporate Development Consultancy
- The Company will pay 108 Securities a fee of
$7,500 per month for a guaranteed term of one year and then on a month-to-month basis.
- The Company will pay 108 Securities a fee of
Terms of Convertible Debenture Offering
- Issue price -
$1,000 per Debenture - Maturity Date - 36 months from the date of issuance
- Coupon -
12% paid semi-annually. In the first year of the term, the Company retains the option to at any time pay any accrued interest in cash or shares based on the previous 5-day VWAP closing price of the shares on the Exchange prior to the payment dates. - Conversion Right - The Debenture holder has the option to convert the principal amount of the Debenture into units comprised of a common share and one warrant exercisable to purchase a common share, at a conversion price per unit and the warrant exercisable as follows:
- If the Debenture is converted in the first year of its term, at a conversion price of
$0.32 per unit, with the warrant exercisable at$0.40 until the date that is three years after the closing - If the Debenture is converted in the second year of its term, at a conversion price of
$0.40 per unit, with the warrant exercisable at$0.50 until the date that is four years after the closing - If the Debenture is converted in the third year of its term, at a conversion price of
$0.50 per unit, with the warrant exercisable at$0.62 until the date that is five years after the closing.
- If the Debenture is converted in the first year of its term, at a conversion price of
- Forced Conversion - After the first anniversary of the Closing Date, the Company will have the option to force the conversion of the Debenture if the Company's Common Shares trade or close on the Exchange, for a period of 10 consecutive days, at a
35% or greater premium to the Conversion Price in effect on the first day of such 10 consecutive day period. - After the first anniversary of the Closing Date, the Company may at any time repay all or any amount of the Debenture without penalty
- Use of Proceeds - The net proceeds of the Offering will be used to fund ongoing development costs in the Inverite Platform and products; key hires sales and marketing development along with general working capital.
Partnership with PRVN Creative Inc
Engagement Fee - The Company has agreed to pay PRVN Creative a consultancy fee in the amount of
Inverite has also partnered with PRVN Creative Inc., a creative solutions provider that delivers top-tier talent through intensive sprint-based engagements. This unique partnership will provide Inverite and 108 Securities' portfolio companies with unprecedented access to expertise typically reserved for Fortune 500 companies and North America's top consumer-facing brands.
PRVN's roster of top strategic and creative professionals across North America represents a disruptive force in both the private and public company communities, addressing critical gaps in:
- Strategic communication expertise spanning corporate communications, internal alignment, and customer engagement initiatives that drive revenue growth
- Market and consumer research capabilities often reserved for North America's top consumer-facing brands
- Business strategy and consulting services from industry veterans with decades of C-Suite experience
- Creative platform development that differentiates companies in competitive markets
"Access to world-class creative talent has traditionally been a barrier for emerging companies," said Jay Bertram, Managing Partner at PRVN and Chief Marketing Officer at 108 Securities. "This partnership ensures that innovative companies can compete on equal footing with established players when it comes to market positioning and brand development."
Strategic Value Creation
These partnerships position Inverite at the centre of an integrated ecosystem designed to accelerate growth for innovative financial technology companies. The combination of 108's capital markets expertise and PRVN's creative capabilities creates a unique value proposition that addresses both the financial and communication challenges facing growth-stage companies.
"We're not just adding service providers-we're building a strategic alliance that fundamentally changes how we approach market expansion," added Nanji. "Having access to both institutional-grade financial advisory services and top-tier marketing talent gives us a competitive advantage that extends far beyond traditional vendor relationships."
Market Timing and Unprecedented Opportunity
This announcement comes as Inverite continues to demonstrate strong momentum, having recently achieved record revenue and transaction volumes. The Company's proprietary credit assessment platform is increasingly being recognized by the alternative credit industry that services more than 78M non-prime, underbanked and credit-invisible consumers representing a Total Addressable Market ("TAM") in excess of
The timing could not be better. As demonstrated by recent fintech success stories like Chime Financial Inc. (NASDAQ: CHYM)—which has recently completed their IPO at an
The non-prime credit market is rapidly expanding. While conventional credit bureaus rely on limited historical data that often results in automatic rejections for gig workers, newcomers, and consumers with thin credit files, Inverite's AI-driven platform analyzes comprehensive real-time data through open banking frameworks to provide credit assessment decisions. Essentially, Inverite enables lenders to confidently say 'YES' to loan applications that legacy credit platforms would automatically reject, unlocking a multi-billion-dollar market of creditworthy but underserved consumers.
These partnerships position Inverite to capitalize on the convergence of open banking, AI-driven risk assessment, and embedded finance solutions that are transforming the Canadian financial services landscape. By providing lenders with a comprehensive alternative to traditional credit scoring, Inverite enables the kind of inclusive financial products that are driving billion-dollar valuations in the fintech sector.
About the 108 Securities
108 Securities Inc. is an independent boutique investment bank with strong Equity Capital Markets capabilities, specializing in taking carefully curated companies through the transition from private to fully compliant public issuers. Founded in 2011, 108 Securities provides comprehensive investment banking, strategic planning, and advisory services to growth-focused technology companies.
About the PRVN Creative Inc.
PRVN Creative Inc. revolutionizes how brands access top creative talent through intensive sprint-based engagements that deliver breakthrough thinking at unprecedented speed. Founded by industry veterans, PRVN provides access to creative and strategic expertise typically only available to Fortune 500 companies.
About Inverite Insights Inc.
Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V00) is a Vancouver-based fintech company that has developed Canada's most comprehensive AI-driven credit assessment platform. Using a vast database of over 27.5 billion financial data points from more than seven million unique Canadian consumer transactions, Inverite's standalone platform enables lenders to make more accurate, inclusive credit decisions by analyzing real-time financial behavior patterns rather than relying solely on traditional credit bureau data.
The Company's next-generation approach to credit assessment empowers financial institutions to safely extend credit to Canada's financially capable but underserved population, unlocking significant market opportunities while driving financial inclusion.
For further information about Inverite Insights, please visit: inverite.com.
ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104
Email: ir@inverite.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities of the Company in any state of the United States in which such offer, solicitation or sale would be unlawful. The securities of the Company, including the Debentures, have not been registered under the U.S. Securities Act of 1933, as amended, or under the securities laws of any state of the United States, and may not be offered or sold in the United States or to or for the account or benefit of U.S. Persons absent registration or the availability of an applicable exemption from registration requirements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider/Market Maker (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release, nor has in any way passed upon the merits of the proposed transaction nor approved or disapproved the contents of this press release.
Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NOT FOR DISSEMINATION IN THE USA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256390
FAQ
What are the terms of Inverite Insights (INVR) $4M convertible debenture financing?
How will Inverite (INVR) use the proceeds from the $4M financing?
What is the market opportunity for Inverite Insights (INVR)?
What services will 108 Securities provide to Inverite (INVR)?
How much revenue did Inverite Insights (INVR) generate in May 2025?
