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. SMB’s (small and medium businesses) and Lenders are pretty much forced to deal within local markets which drastically reduces alternatives and business …. and both sides are left with a daunting, slow and inefficient manual workload.
ENTER 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 Joseph and Inwentash say 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
- Targeting $40 million in revenues and $4 million in EBITDA for the 2020 year.
- 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
Inwentash discusses what attracted him to PKK, what his interest is in the Company and what he sees for the Company’s future.
Joseph also discusses new government regulations in China since the Ant IPO was suspended and whether they would impact PKK, as well as, the Company’s growth outlook for 2021.
Watch this great interview!
Tags: AnalytixInsight, banking, commercial lending, crypto, CSE, DelphX Capital Markets, digital banking, finance, fintech, lending, MOBI724 Global Solutions, Mogo Finance Technology, stocks