Core Insights - Inverite Insights Inc. has partnered with Xcash Financial Services to enhance credit decisioning through its Open Banking Ready AI Platform [1][4] - Xcash will utilize Inverite's technology to provide faster, data-driven credit decisions for over 50,000 Canadian customers [2][3] - The partnership aims to improve the efficiency and accuracy of lending services while maintaining responsible lending practices [4] Company Overview - Inverite Insights Inc. is an AI-driven software provider based in Vancouver, specializing in real-time financial data with a database of over 28 billion financial data points from more than seven million unique Canadian consumers [10] - Xcash Financial Services, founded in 2008 and based in Toronto, offers quick-access financial products including payday loans up to $1,500 and personal loans up to $5,000 [3][8] Financial Activities - Inverite plans to issue up to 4.67 million units or common shares to settle up to $700,000 in accounts payable and loans, alongside a non-brokered private placement of up to 5.33 million units at $0.15 per unit for gross proceeds of up to $800,000 [5] - Each unit consists of a common share and one-half warrant, with a whole warrant exercisable at $0.20 for two years [5]