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Parvis Invest Inc
Symbol PVIS
Shares Issued 26,771,736
Close 2024-01-29 C$ 0.115
Market Cap C$ 3,078,750
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Parvis adds investor referral program to platform

2024-01-31 15:03 ET - News Release

Mr. David Michaud reports

PARVIS ANNOUNCES NEW INVESTOR REFERRAL PROGRAM AND ADDITIONAL PLATFORM UPDATES TO ENHANCE CAPITAL RAISING EFFICIENCY

Parvis Invest Inc. has made significant enhancements to its platform with the introduction of its referral program and other updates. This program is designed to enable issuers to efficiently process referrals and referral payments, while complying with the rules regarding referral arrangements as an exempt market dealer.

David Michaud, chief executive officer of Parvis, comments: "Our objective is harnessing advanced technology to enhance our issuer clients' capital-raising processes, while ensuring investors enjoy a seamless and rewarding experience. We recognize the intricate and urgent nature of raising capital. It's imperative for us to keep advancing our platform's capabilities. Integrating the referral program and other innovative solutions is a deliberate step toward effectively addressing these complex challenges."

Parvis's investor referral program and other new features on the platform are aimed at enhancing the efficiency of investor processing and refining the capital-raising process. These updates are set to significantly improve the user experience on the Parvis platform:

  • Investor referral program: This new feature simplifies the tracking of referral terms, compensation and associated benefits for issuer clients. It strengthens the platform's compliance and financial performance, streamlining the referral process for more effective client engagement.
  • Agreement automation: Leveraging artificial-intelligence-driven field placement technology, Parvis has upgraded its agreement automation capabilities. This enhancement allows for more precise field detection, particularly in data entry and e-signature processes. It promises to increase agreement-building efficiency and streamline the investment processing flow, contributing to a more seamless user experience.
  • Investor suitability assessments: Parvis has expanded its suitability assessments to include 40 different data points. This advancement enhances the understanding of client relationships, allowing for more tailored and informed private market investment advice, and simplifies regulatory compliance.

"These new features illustrate our commitment to leveraging cutting-edge technology to elevate standards in capital raising and reduce any friction points on the back end of our business," added Guillermo O'Byrne, senior product manager of Parvis. "These improvements allow us to manage complex agreement templates by leveraging account tools and using AI-driven field placement to benefit from precise field detection and increase overall platform efficiency."

These latest developments by Parvis align with the company's previously announced strategy to enhance market presence through a combination of technological advancements and strategic growth initiatives.

About Parvis Invest Inc.

Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional-quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, Kelowna and Montreal.

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