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Peak $PKK.ca $PKKFF Provides First Quarter 2021 Operational Update at Chinese New Year Break $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 9:05 AM on Tuesday, February 16th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter

Montreal, Quebec–(February 16, 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 provided the following update on select segments of its operations for the first half of Q1 2021 while China pauses to celebrate the Chinese New Year / Spring Festival Holiday.

SOCIAL MEDIA INFLUENCERS FINANCING PROGRAM

After spending several months in 2020 building relationships with over 55,000 social media influencers who collectively have more than 120M followers, Peak created a program to help these influencers finance the online retail shows they use to sell goods ranging from cosmetics to household appliances to their millions of followers. The program launched earlier this year and helped finance about CAD$1M worth of goods during its first week. Since then, it has become one of the more consistent transaction generators on the Lending Hub platform, outpacing all other programs in terms of number of transactions.

Transactions through First Half of Q1 2021:

Through the first half of Q1 2021, social media influencers had received almost CAD$3M in funding through the program to finance a total of 23 shows and a variety of product purchase orders.

DISTRIBUTOR AND RETAILER FINANCING PROGRAM

While the Social Media Influencers Financing Program led the way in terms of number of transactions, Peak’s newly created Distributor and Retailer Financing Program had a slight advantage when it comes to the value of transactions facilitated at the halfway point of the quarter. That program was aided by the addition of a third distributor in January, bringing over 1,100 new retailers to the program’s existing pool of more than 310,000, and by a new cash-advance “sub-program” specifically designed for JD.com suppliers. Distributors Beijing Jingying Corporate Management Ltd. (“BJM”), who has exclusive distribution right for certain products at PetroChina convenience stores, and Xiamen Guangzhui Ltd. (“Xiamen”), whose clients include JD.com and 7-Eleven convenience stores across the country, were particularly active and accounted for most of the transactions . The average value and pace of those transactions should gradually increase as consumer electronics wholesaler Beijing Dianjing Company Ltd. (“BDC”) becomes more active following the integration of its systems to the Lending Hub platform.

Transactions through First Half of Q1 2021:

Xiamen, BJM and BDC combined to account for a dozen purchase order and cash-advance transactions worth a little over CAD$3M through the first half of Q1 2021.

GOLD RIVER PLATFORM

In addition to serving as the point of entry for the Social Media Influencers and Distributor and Retailer Financing Programs, most supply-chain financing transactions involving raw material suppliers and manufacturers are also now being funneled to Gold River. Those supply-chain financing transactions, which accounted for a large portion of Peak’s revenue over the past two years, were originally facilitated with the help of logistics software provided by a third-party company. The capabilities of that software were recently added to the Gold River platform, which is allowing Peak to gradually reduce its outsourcing expenses.

Transactions through First Half of Q1 2021:

Through the first half of Q1 2021, a total of 57 transactions worth a combined CAD$15.7M were initiated through Gold River.

CHINA UNIONPAY FUND TRANSFER AND PAYMENT PROCESSING IMPLEMENTATION

Peak announced earlier this year that it had signed an agreement with China UnionPay subsidiary Rongbang Technology Ltd. (“Rongbang”) to implement fund transfer and payment processing capabilities to its Lending Hub ecosystem. Peak has since been working with Rongbang’s service implementation team and received the APIs to directly link its Lending Hub and Gold River platforms to the China UnionPay network just prior to the holiday break. Peak is targeting the launch of a pilot project with select supply-chain clients in the city of Jiangyin in the first half of Q2 2021.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/755399-peak-provides-first-quarter-2021-operational-update-at-chinese-new-year-break/messages/2303800#message

Peak $PKK.ca $PKKFF Successfully Tests Fund Transfer Process from China to Canada $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:25 AM on Wednesday, February 10th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that it has successfully tested the process whereby the its Chinese operating subsidiaries will periodically send funds back to Canada once the Company becomes profitable and deems it appropriate for its subsidiaries to do so.
  • “Today’s announcement has been several years in the making,” commented Peak CEO Johnson Joseph. “We’ve been following our advisors’ advice from day one and were always confident that the process would work as described.

Montreal, Quebec–(February 10, 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 successfully tested the process whereby the its Chinese operating subsidiaries will periodically send funds back to Canada once the Company becomes profitable and deems it appropriate for its subsidiaries to do so.

Long before establishing its operating subsidiaries in China, Peak worked with business consultants, tax experts, legal and financial advisors specialized in helping foreign entities do business in China. Together they helped Peak create and put in place a corporate structure and file the necessary paperwork so that Peak’s subsidiaries could eventually follow a government-established process to send funds to the Company’s Canadian head office. Part of the exercise required a disclosure process with various government departments at the time of registration and creation of each subsidiary, and the continuous maintenance in good standing of prescribed regulations, all of which led to the first successful transfer of funds from Peak’s Asia Synergy Data Solutions subsidiary to the Company.

“Today’s announcement has been several years in the making,” commented Peak CEO Johnson Joseph. “We’ve been following our advisors’ advice from day one and were always confident that the process would work as described. But until recently we weren’t in a position to test it or had real grounds to do so. However, given the path that the Company is currently on and the possibility of repatriating funds from China at some point in 2021, we felt it was important for us to test the process to ensure that it actually works. We have now validated that we have a clear path and process, endorsed and prescribed by the Chinese government authorities, for our subsidiaries to send funds from China to Canada. We’re also very pleased with the amount we were able to transfer and how quickly the transaction was completed.”

Read more: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/755074-peak-successfully-tests-fund-transfer-process-from-china-to-canada/messages/2303017#message

Peak $PKK.ca $PKKFF Officially Files Application to have Its Common Shares Traded on #NASDAQ $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:20 AM on Monday, February 8th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Officially filed an application to have its common shares listed on the Nasdaq Capital Market stock exchange
  • Peak expects the listings review process to last six to eight weeks and for its common shares to begin trading on NASDAQ in late March or early April 2021

Montreal, Quebec–(February 8, 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 officially filed an application to have its common shares listed on the Nasdaq Capital Market stock exchange (“NASDAQ”).

Peak expects the listings review process to last six to eight weeks and for its common shares to begin trading on NASDAQ in late March or early April 2021.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/754886-peak-officially-files-application-to-have-its-common-shares-traded-on-nasdaq/messages/2302631#message

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

Posted by AGORACOM-Eric 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.