- Business
- Inverite Insights Inc. (CSE:INVR) provides AI-driven open banking software and Risk Model as a Service (RMaaS) platforms that deliver real-time financial data, risk assessment, and verification solutions to lenders, neobanks, and financial institutions serving underbanked consumers across North America; core offerings include advanced AI risk and confidence scoring with machine learning algorithms analyzing banking transactions, income, spending categorization, and historical data from over 30 billion data points; instant bank and ID verification; MicroCheck for lightweight assessments; KYC/AML compliance tools; income and employment verification; Marble Pay Wallet for collections; and B2B solutions enhancing credit decisioning, fraud reduction, and financial inclusion for alternative and mainstream lenders connected to 286 institutions with 99% consumer coverage. Founded in 2015 and headquartered in Vancouver, British Columbia, the company, formerly Marble Financial Inc. until its name change in January 2024, operates primarily in Canada with expansion into the United States through new product launches for both markets. Recent developments include the completion of a fully subscribed $1.5 million private placement in multiple tranches through September 2025; a $4 million convertible debenture financing announced earlier in 2025 with partnerships alongside 108 Securities and PRVN Creative to fuel growth and market expansion; addition of Xcash Financial Services and Usolve Financial to its platform; achievement of SOC 2 Type II audit validation for data security in September 2025; enhanced liveness checks and API capabilities for fraud defense; a 6:1 share consolidation; record revenue and transaction volumes in May 2025; 15.4% verification fee revenue growth to $711,106 for the three months ending September 30, 2025; and appointment of CEO Karim Nanji to the FDATA board of directors.