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Peak $PKK.ca $PKKFF Appoints Banking Executive Dana Ades-Landy to Its Board of Directors $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 9:31 AM on Friday, January 29th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Added former banking executive, Dana Ades-Landy to its Board of Directors
  • Over 25 years of experience in strategic development, governance and advocacy in the banking and financial services sector.
  • Experience includes: Senior positions at National Bank, KPMG, Laurentian Bank

Montreal, Quebec–(January 29, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has added former banking executive, Dana Ades-Landy to its Board of Directors.

Ms. Ades-Landy has over 25 years of experience in strategic development, governance and advocacy in the banking and financial services sector. She is currently in her second tour of duty with the National Bank of Canada where she works with the bank’s special loans group, managing a diverse portfolio of commercial and corporate clients while providing coaching and mentoring to the group’s less seasoned members. She first worked at the National Bank of Canada from 1993 to 2004 occupying various management and executive positions, culminating with the position of Vice-President, Credit Risk and Specialized Products.

Ms. Ades-Landy spent 3 years at KPMG as a Senior Vice-President and Associate providing the firm’s corporate clients with advice in the fields of insolvency, restructuring, turnaround, and business revitalization. She left KPMG in 2006 and went on to spend the following 10 years holding Senior Vice-President and Vice-President positions at the Laurentian Bank of Canada and Scotia Bank, respectively, before serving as CEO of the Quebec chapter of the Heart and Stroke Foundation of Canada from 2016 to August 2020.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/754200-peak-appoints-banking-executive-dana-ades-landy-to-its-board-of-directors/messages/2300968#message

Peak $PKK.ca $PKKFF Continues Expansion of Retailer Financing Program with Addition of 3rd Distributor $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:53 AM on Thursday, January 28th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter

Montreal, Quebec–(January 28, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that beverage distributor Xiamen Guangzhui Ltd. (“Xiamen”) became the third distributor after Beijing Dianjing Company Ltd. and Beijing Jingying Corporate Management Ltd. to join the Company’s program specifically created to bring financing solutions to wholesale distributors and their retail clients through the Cubeler Lending Hub platform.

Xiamen has over 1,100 retail clients, including e-commerce giant JD.com, and owns distribution rights to several popular beverages in China, including exclusive rights for Red Bull energy drinks at PetroChina convenience stores in Guizhou province. Xiamen expects to distribute approximately 24 million cans of Red Bull per year worth about CAD$ 19.6M and will now use Peak’s Lending Hub powered program to finance its acquisitions of the popular energy drink. Clients purchasing merchandise from Xiamen are also eligible to have their purchase orders financed through the program.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/754106-peak-continues-expansion-of-retailer-financing-program-with-addition-of-3rd-distributor/messages/2300730#message

Peak $PKK.ca $PKKFF Records First Transactions Related to Agreement with Packaged Foods Distributor “BJM” $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:09 AM on Monday, January 25th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Recorded the first series of transactions related to the Company’s agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. (“BJM”).
  • The agreement between Peak and BJM was announced in November 2020 and ties into a program whereby Peak’s Lending Hub platform is to bring financing solution to product distributors and their client. BJM, which has more than 250,000 retail clients, was the second distributor to sign on to the program.
  • During the first two weeks of January 2021, credit totalling 4M RMB (about CAD$785,000) was extended to almost 900 BJM clients to help them acquire supplies from BJM, mostly RELX brand e-cigarettes, for which BJM is the exclusive distributor to PetroChina convenience stores.
  • Peak earned service fees amounting to 240,000 RMB (about CAD$47,000) related to the transactions.

Montreal, Quebec–(January 25, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it recorded the first series of transactions related to the Company’s agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. (“BJM”).

The agreement between Peak and BJM was announced in November 2020 and ties into a program whereby Peak’s Lending Hub platform is to bring financing solution to product distributors and their client. BJM, which has more than 250,000 retail clients, was the second distributor to sign on to the program. During the first two weeks of January 2021, credit totalling 4M RMB (about CAD$785,000) was extended to almost 900 BJM clients to help them acquire supplies from BJM, mostly RELX brand e-cigarettes, for which BJM is the exclusive distributor to PetroChina convenience stores. Peak earned service fees amounting to 240,000 RMB (about CAD$47,000) related to the transactions.

Read more: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/753840-peak-records-first-transactions-related-to-agreement-with-packaged-foods-distributor-bjm/messages/2300009#message

Peak $PKK.ca $PKKFF Signs Agreement with China UnionPay Subsidiary to Implement Payment Processing and Fund Transfer Services to Cubeler Lending Hub Ecosystem $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:52 AM on Monday, January 18th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Peak becomes a transaction aggregator partner for Rongbang and will now be able to control the flow of funds within the Lending Hub ecosystem from start to finish.
  • Peak’s clients will have virtual bank accounts within the Lending Hub ecosystem where they can hold cash balances and pay for products and services.
  • Peak will have the ability to debit and credit its clients’ real bank accounts held outside of Lending Hub, as well as offer new value-added services, such as escrow services.
  • Any transaction involving the movement of funds will earn Peak a service fee, potentially doubling current transaction fees, earning new fees on loan disbursements and every loan repayment transaction.
  • Peak will earn a 1.5% to 3.0% annual fee on the aggregate value of the funds held in its clients’ virtual bank accounts.
  • First transactions expected to be processed in Q2 2021.

Montreal, Quebec–(January 18, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. (“Rongbang”), that will give the Company the ability to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its Lending Hub ecosystem.

Read more: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/753248-peak-signs-agreement-with-china-unionpay-subsidiary-to-implement-payment-processing-and-fund-transfer-services-to-cubeler-lending-hub-ecosystem/messages/2298549#message

Peak’s $PKK.ca $PKKFF Lending Hub Helps Facilitate First Loans to Network of 55,000 Social Media Influencers $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:54 AM on Monday, January 11th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that its Cubeler Lending Hub commercial lending platform helped facilitate the first loans to the Company’s network of over 55,000 social media influencers.
  • Social media influencers have become a powerful sales force in the retail space in China and Peak has managed to develop relationships with some of the country’s most popular influencers over the past 10 months.

Montreal, Quebec–(January 11, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Cubeler Lending Hub commercial lending platform helped facilitate the first loans to the Company’s network of over 55,000 social media influencers.

Social media influencers have become a powerful sales force in the retail space in China and Peak has managed to develop relationships with some of the country’s most popular influencers over the past 10 months. These Internet trend-setters organize product showcase events broadcasted on social media platforms such as TikTok and WeChat to sell everything from cosmetics to household appliances. Through the first week of January 2021, the Lending Hub helped finance events organized by 15 social media stars where clothing and accessories worth about 5.2M RMB (a little over CAD$1M) were sold, earning the platform almost CAD$20,000 in service fees. Peak plans to continue to work with its network of influencers and their 120M+ followers to help retailers, local and foreign, take advantage of the power of social media.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/752720-peak-s-lending-hub-helps-facilitate-first-loans-to-network-of-55-000-social-media-influencers/messages/2296943#message

Peak Fintech $PKK.ca Pays Back $12m of 2017 Debentures $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM at 9:04 AM on Thursday, December 24th, 2020
  • PEAK Provides Update On 2017 Secured Debentures and Exercise of Warrants

Secured debentures issued back in December, 2017, originally totaling $12-million and of which a balance of $3.27-million was still outstanding as on Oct. 1, 2020, have totally been paid back by Peak Fintech Group Inc. or converted into common shares of the company.

The debentures were issued in the course of a private placement financing where the company sold a total of 1,200 units for gross proceeds of $12-million. Each unit sold comprised a $10,000 face value, two-year maturity, 8-per-cent annual interest secured debenture plus 20,000 common share purchase warrants. The maturity was extended by another year in 2019 and the debentures were set to mature on Dec. 16, 2020. Investors who purchased the units could, at any time prior to the maturity date of the debentures, surrender part or all of the amount invested in the debentures to exercise their warrants and purchase common shares of the company at a price of 50 cents per share. In summary, $11.94-million of the debentures was surrendered to exercise warrants and the company paid back $60,000 in cash to investors.

In addition to the warrants exercised as a result of the surrender of the debentures, the company received over $2.5-million in cash from the exercise of warrants unrelated to the debentures between Oct. 1, 2020, and Dec. 23, 2020.

About Peak Fintech Group Inc.

Peak Fintech is the parent company of a group of innovative financial technology (fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space, where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency.

VIDEO – Peak Fintech $PKK.ca $PKKFF Group CEO Johnson Joseph Says Q3 Revenue of $15M Is Just the Beginning $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 8:05 PM on Sunday, December 20th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

How do you connect over 100M small businesses in China who need access to different kinds of credit …. with over 10K banks and lending institutions that have different lending criteria?

Well, if you try to do it the old fashioned way, you just can’t.  This forces SMB’s (small and medium businesses) and Lenders to deal within local markets, which drastically reduces alternatives, competition and ultimately business …. while leaving both sides with a daunting, slow and inefficient manual workload. 

ENTERS PEAK FINTECH

The Peak Fintech Lending Hub uses Artificial Intelligence and analytics to fully automate the process by which lenders and borrowers connect quickly and match perfectly across several market verticals.

When CEO Johnson Joseph says this AI-Powered platform is revolutionizing the Chinese SMB commercial lending ecosystem, they’re not just paying lip service … Peak Fintech is delivering results

  • Reported revenue growth of 293% to $11.2 million for the first half of 2020
  • Reported revenue growth of 236.% to $15.1 million for JUST Q3 (a record)
  • On pace to exceed Fiscal 2020 Targeting $40 million in revenues and $4 million in EBITDA.
  • Platform now has lending products from 54 different banks and lending institutions
  • Signed Agreement To Bring Lending Hub To 60,000 Online Electronics Stores
  • Stores would use Lending HUB to finance purchase of electronics inventory
  • 100% market capture would translate into $1.35B in annual revenues 
  • Signed Agreement With Italian Retailer Gruppo Coin to provide short-term loans to ~55,000 influencers with their own e-stores and ~ 120M total followers
  • …. and so much more

Everyone agrees that 2020 was Peak Fintech’s coming out party … but CEO JJ believes this is just the beginning as he looks forward to 2021 and beyond. 

Watch this great interview!

Peak $PKK.ca $PKKFF Launches New Website and AGORACOM Platform for Verified Discussion Forum and Social Media Engagement $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 1:32 PM on Sunday, December 20th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

Montreal, Quebec–(December 20, 2020) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced the launch of its new website and of a 12-month online marketing campaign through AGORACOM for the purposes of engaging with current and future shareholders.

EXPOSURE THROUGH THE AGORACOM DIGITAL NETWORK

In 2019, AGORACOM surpassed 600 million page views, exceeded industry engagement metrics by over 400% and has served over 350 public companies.

The Peak HUB containing multiple landing pages, videos, photos and other helpful information updated in real-time over the next 12 months is live as of December 18 and can be found at:
https://agoracom.com/ir/PeakFintechGroup

The Peak HUB is expected to receive significant exposure through continuous brand impression, content marketing, search engine marketing and social media engagement throughout the entire AGORACOM network. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.

MODERATED DISCUSSION FOR MANAGEMENT AND SHAREHOLDERS

Peak has also launched a “CEO Verified” Discussion Forum on AGORACOM to serve as the Company’s platform to interact with both current and prospective shareholders in a fully moderated environment.

The Peak discussion forum can be found at:
https://agoracom.com/ir/PeakFintechGroup/forums/discussion

Expected Verified Peak Officers and Investor Relations Contacts:

  • Johnson Joseph, President and CEO, Peak Fintech Group
  • Cathy Hume, CEO, CHF Capital Markets
  • Iryna Zheliasko, Corporate Communications Manager, CHF Capital Markets

AGORACOM Founder George Tsiolis stated: “There is no denying the advent of Fintech and how it will shape the global economy’s financial future over the next decade. Whereas some companies use Fintech as a buzzword, Peak has already developed and commercialized its proprietary Lending Hub platform with great results in China, one of the world’s biggest but most fragmented markets. We pride ourselves on discovering disruptive small cap companies and look forward to helping bring the Peak story to the world.”

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Peak $PKK.ca $PKKFF Provides Corporate Update on Recent Events and Operations $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 7:44 AM on Tuesday, December 15th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

Montreal, Quebec–(December 15, 2020) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today provided the following update on its operations and recent events that have occurred since the end of the Company’s third quarter of 2020.

JIANGYIN FINANCIAL CENTRE

Summary and Update:

The Jiangyin Financial Centre is an initiative of the city’s municipal government. The city invited its 200,000+ businesses to join the Financial Centre to qualify for loans and credit from 34 banks and lending institutions based on data analysis and AI-based credit rules powered by the Lending Hub. Since its launch in late September, the Financial Centre has been responsible for almost 100 transactions and has brought more than 3,000 SMEs and several new raw material suppliers to the Lending Hub, including China’s 2nd largest supplier of specialized steel products.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

Peak is building its Cubeler Lending Hub ecosystem as a nation-wide commercial lending ecosystem. The Jiangyin Financial Centre can be seen as a smaller all-encompassing version of the nation-wide ecosystem that will be replicated in other cities and provide Peak with an effective way to accelerate the expansion of the Lending Hub.

Main Benefits to Peak:

  • Government endorsement
  • Rapid service expansion with increased transaction volumes
  • Addition of new banks, lenders and businesses
  • Template for replication to other cities

GOLD RIVER PLATFORM

Summary and Update:

The Gold River platform is a multi-faceted e-commerce platform that allows clients to purchase products, sell products, manage inventory, make financing requests, organize group purchases and perform a number of other tasks related to supply-chain transactions from the perspective of a supplier or a retailer. By the end of the third quarter, Peak began re-directing some transactions related to its supply-chain financing services, previously outsourced to a third-party, to Gold River. Since then, the platform has continued to be involved in an increasing number of supply-chain financing transactions and has played a pivotal role in helping Peak sign two important agreements with national wholesale distributors.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

The platform used to operate independently of the Lending Hub but is now fully integrated as a key component of the ecosystem and serves as the gateway to the Lending Hub and the main interface through which Peak’s product distribution partners interact with the ecosystem.

Main Benefits to Peak:

  • Gateway to Lending Hub ecosystem for distribution partners
  • Versatility to service raw material suppliers, wholesalers and retailers
  • Ability to provide supply-chain financing related services previously outsourced by Peak

AGREEMENT WITH CONSUMER ELECTRONICS DISTRIBUTOR BEIJING DIANJING COMPANY LTD.

Summary and Update:

Under the terms of this agreement between Peak and Beijing Dianjing Company Ltd. (“BDC”), BDC’s 60,000 online retailers are eligible to get up to 90% of the value of the products they purchase from BDC financed by the Lending Hub’s participating banks and lending institutions. Since the signing of the agreement at the end of October, Peak was able to complete the data sharing interface between BDC’s systems and Peak’s Gold River platform, which is used as the interaction gateway between BDC and the Lending Hub ecosystem. A handful of closely-monitored and controlled transactions were also conducted, which are expected to continue before a planned large-scale deployment of the program in January 2021.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

SMEs are the most important members of the Cubeler Lending Hub ecosystem. Without them, their data and their need for funding there would be no lenders, no ecosystem and no revenue for Peak. Considering that through June 2020, the Lending Hub had less than 25,000 business members, and yet Peak is on pace to exceed CAD$40M in revenue for the year, the potential of adding 60,000 new businesses to the Lending Hub with a single agreement is transformative for the Company in so many ways.

Main Benefits to Peak:

  • Rapid addition of thousands of businesses to Lending Hub
  • Exceptional annual revenue potential
  • Entry into online retail vertical
  • Template for replication with other distributors

AGREEMENT WITH PACKAGED FOODS DISTRIBUTOR BEIJING JINGYING MANAGEMENT LTD.

Summary and Update:

Similar to its agreement with BDC, Peak’s agreement with packaged foods distributor Beijing Jingying Management Ltd. (“BJM”) allows for BJM’s 250,000+ retail clients to get up to 90% of the value of the products they purchase from BJM financed by the Lending Hub’s participating banks and lending institutions. Peak and BJM are still working on a roll-out plan with the first transactions expected to come by the end of 2020.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

With over 250,000 online and offline combined retailers potentially being added to the Lending Hub ecosystem from a single agreement, the BJM agreement is expected to have the biggest impact to date on the ecosystem. The signing of the agreement also validates Peak’s theory that its agreement with consumer products distributor BDC would serve as a template for agreements with other distributors.

Main Benefits to Peak:

  • Rapid addition of thousands of businesses to Lending Hub
  • Exceptional annual revenue potential

AGREEMENT WITH ITALIAN RETAILER GRUPPO COIN AND NETWORK OF SOCIAL MEDIA INFLUENCERS

Summary and Update:

Peak identified a financing need from social media influencers who have become a powerful sales force in the retail space in China and sought to fill that need. Peak signed an agreement with Italian retailer Gruppo Coin to provide short-term loans to social medial influencers who organize product showcase events broadcasted on social media platforms such as TikTok to sell the retailer’s products. This agreement with Gruppo Coin is merely a by-product of the relationship that Peak was able to establish with over 55,000 social media influencers with a combined 120M+ followers, which the Company expects to leverage to generate a new revenue stream by helping retailers all over the world sell to Chinese consumers. The first transactions under the Gruppo Coin agreement are pending and expected to happen shortly.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

Many of the social media influencers operate as small businesses on TikTok and WeChat, which means they can and in fact must become members to the Lending Hub and give access to their business data to the platform in order to be eligible for loans and credit. Through its connection with certain social media influencers, Peak has been working on an interface that will allow sales and business related data to flow from TikTok, WeChat and other social media platforms to the Cubeler Lending Hub.

Main Benefits to Peak:

  • Access to powerful network of social media influencers
  • Provide entryway to Chinese retail market for North American and global retailers
  • Creation of potential new revenue stream

ACQUISITION OF BANKING AI SOFTWARE COMPANY ZHONGKE SOFTWARE INTELLIGENCE LTD.

Summary and Update:

Peak announced that it would be acquiring banking AI software company Zhongke Software Intelligence Ltd. (“Zhongke”). Zhongke develops analytics and AI software used by banks and financial institutions in China to make decisions on loan and credit applications, as well as to process and to manage the applications. The company owns 3 patents, 42 copyrights and 3 trademarks. Peak and Zhongke are in the process of completing their due diligence prior to finalizing the transaction.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

Whereas Lending Hub gathers and analyzes data on small business loan candidates from various sources and applies the banks’ credit rules to the data to help them determine who to lend to and who not to lend to, Zhongke’s software actually creates those credit rules, the logic that governs them and the AI capabilities to continuously improve them. So Zhongke’s software picks up where the Lending Hub platform leaves the credit analysis process for banks and lenders, which makes the applications near perfect complements of one another.

Main Benefits to Peak:

  • Strengthens Peak’s IP portfolio
  • Makes Lending Hub offering even more compelling to banks and lenders
  • Complements Lending Hub data set for improved AI functions, risk analysis and other uses

IMPLEMENTATION OF NEW CHINESE DIGITAL CURRENCY ON GOLD RIVER AND LENDING HUB PLATFORMS

Summary and Update:

Peak’s Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP), making them among the first to provide clients with the ability to conduct DC/EP transactions. The first DC/EP transactions on Lending Hub and Gold River are expected by the end of 2020.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

By being able to conduct DC/EP transactions, Lending Hub clients are expected to benefit from lower interest rates for loans and credit facilitated through the platform, which should drive greater demand for Peak’s services.

Main Benefits to Peak:

  • First mover advantage and marketing leverage
  • Potential increase demand for services

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Peak $PKK.ca $PKKFF Implements Chinese Digital Currency and Welcomes China’s 2nd Largest Steel Supplier to its Ecosystem $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 7:38 AM on Friday, December 11th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP).
  • Unlike cryptocurrencies such as Bitcoin, China’s DC/EP is legal tender, it’s backed by yuan deposits, centralized and not anonymous.
  • It is managed by China’s Central Bank, which requires the country’s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology.
  • The DC/EP took over five years to develop and is expected to help bring China’s unbanked population into the mainstream economy and accelerate the country’s move to a cashless society.

Montreal, Quebec–(December 11, 2020) –  Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP).

Unlike cryptocurrencies such as Bitcoin, China’s DC/EP is legal tender, it’s backed by yuan deposits, centralized and not anonymous. It is managed by China’s Central Bank, which requires the country’s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology. The DC/EP took over five years to develop and is expected to help bring China’s unbanked population into the mainstream economy and accelerate the country’s move to a cashless society.

Peak began preparing its platforms for the DC/EP last month with the hiring of former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in that capacity. Through Mr. Wu’s expertise in the matter and his relationship with the Postal Savings Bank of China (http://www.psbc.com/en/), one of a select few banks with the DC/EP API, Peak’s platforms are now among the first to provide clients with the ability to conduct DC/EP transactions. In addition to its inherent security features, the DC/EP offers several benefits to businesses and financial institutions alike. For instance, loans and credit transactions conducted in DC/EP will on average carry lower interest rates than similar transactions conducted in regular yuan and transactions will be settled instantly, all of which are expected to make DC/EP transactions the preferred way of conducting business in China, and a way to increase transaction volume on Peak’s platforms. The Company plans to run a pilot project beginning later this month with a few supply-chain financing related transactions before making the feature available to all Gold River and Lending Hub clients.

Peak’s DC/EP pilot project will coincide with the arrival of Xingcheng Special Steel Works Ltd. (“XSSW”) (https://xctg.citicsteel.com/) to the Cubeler Lending Hub Ecosystem. XSSW is a subsidiary of conglomerate CITIC Ltd. (https://www.citic.com/en/). It’s the 2nd largest supplier of specialized steel products in China servicing a variety of industries and manufacturers with products such as bearings, alloy steel wires, plates, rods and springs that go into the making of numerous products. Peak and XSSW were connected through the Jiangyin Financial Centre following a series of financing requests from Jiangyin manufacturers to purchase material from XSSW. By officially adding XSSW to Lending Hub’s list of approved suppliers and working in partnership with XSSW, Peak will now be able to offer its supply-chain financing services to all XSSW clients through joint marketing initiatives.

Wall Street Reporter’s NEXT SUPER STOCK Livestream – December 15, 2020

Peak will be a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK livestream conference on Tuesday, December 15, 2020 at 1:00pm EST. CEO Johnson Joseph will discuss Peak’s latest news events and answer investor audience questions. Those interested can click the following link to register and join the livestream: Next Super Stock Livestream Registration.

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.