Tenet Provides Cubeler Business Hub Credit Activity Update Ahead of New Modules Release
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) has provided an update on the credit activity of its Cubeler® Business Hub platform in Canada. Between July 2023 and June 2024, the platform facilitated $976,500 in loans and credit to small and medium-sized enterprises (SMEs) across various sectors. The professional, scientific and technical services sector led with 46.08% of the total amount, followed by construction at 36.97%. Loan amounts ranged from $7,500 to $300,000.
Evrard Nkwemi, Director of Financial Institution Relationships at Cubeler, expressed satisfaction with the platform's performance, noting that they are on track to surpass the total credit facilitated in 2023. He also highlighted the valuable insights gained from the platform's data, which will be further enhanced with the upcoming release of the Networking and Advertising modules.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ha fornito un aggiornamento sull'attività di credito della sua piattaforma Cubeler® Business Hub in Canada. Tra luglio 2023 e giugno 2024, la piattaforma ha facilitato prestiti e crediti per un totale di $976,500 a piccole e medie imprese (PMI) in vari settori. Il settore dei servizi professionali, scientifici e tecnici ha guidato con il 46.08% dell'importo totale, seguito dalle costruzioni con il 36.97%. Gli importi dei prestiti variavano da $7,500 a $300,000.
Evrard Nkwemi, direttore delle relazioni con le istituzioni finanziarie presso Cubeler, ha espresso soddisfazione per le performance della piattaforma, sottolineando che sono sulla buona strada per superare il totale di crediti facilitati nel 2023. Ha anche evidenziato le preziose informazioni ottenute dai dati della piattaforma, che saranno ulteriormente migliorate con il prossimo rilascio dei moduli di Networking e Pubblicità.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ha proporcionado una actualización sobre la actividad crediticia de su plataforma Cubeler® Business Hub en Canadá. Entre julio de 2023 y junio de 2024, la plataforma facilitó $976,500 en préstamos y créditos a pequeñas y medianas empresas (PYMES) de diversos sectores. El sector de servicios profesionales, científicos y técnicos lideró con el 46.08% del monto total, seguido por la construcción con un 36.97%. Los montos de los préstamos oscilaron entre $7,500 y $300,000.
Evrard Nkwemi, Director de Relaciones con Instituciones Financieras en Cubeler, expresó su satisfacción con el desempeño de la plataforma, señalando que están en camino de superar el total de créditos facilitados en 2023. También destacó las valiosas ideas obtenidas de los datos de la plataforma, que se mejorarán aún más con el próximo lanzamiento de los módulos de Redes y Publicidad.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF)는 캐나다에 있는 Cubeler® Business Hub 플랫폼의 신용 활동에 대한 업데이트를 제공했습니다. 2023년 7월부터 2024년 6월까지, 이 플랫폼은 중소기업(SME)에 총 $976,500의 대출과 신용을 지원했습니다. 전문, 과학 및 기술 서비스 산업이 총 금액의 46.08%로 선두를 차지했으며, 건설 산업이 36.97%로 뒤를 이었습니다. 대출 금액은 $7,500에서 $300,000까지 다양했습니다.
Cubeler의 금융 기관 관계 담당 이사인 Evrard Nkwemi는 플랫폼의 성과에 대한 만족감을 표현하며, 2023년에 지원된 총 신용을 초과할 것으로 기대하고 있다고 언급했습니다. 그는 또한 플랫폼의 데이터에서 얻은 귀중한 통찰력을 강조하며, 다가오는 네트워킹 및 광고 모듈의 출시로 더욱 향상될 것이라고 덧붙였습니다.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) a fourni une mise à jour sur l'activité de crédit de sa plateforme Cubeler® Business Hub au Canada. Entre juillet 2023 et juin 2024, la plateforme a facilité des prêts et des crédits totalisant 976 500 $ pour des petites et moyennes entreprises (PME) dans divers secteurs. Le secteur des services professionnels, scientifiques et techniques a conduit avec 46,08 % du montant total, suivi par la construction avec 36,97 %. Les montants des prêts variaient de 7 500 $ à 300 000 $.
Evrard Nkwemi, directeur des relations avec les institutions financières chez Cubeler, a exprimé sa satisfaction quant aux performances de la plateforme, notant qu'ils sont en bonne voie pour dépasser le total des crédits facilités en 2023. Il a également souligné les précieuses idées tirées des données de la plateforme, qui seront encore améliorées avec la prochaine sortie des modules de mise en réseau et de publicité.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) hat ein Update zur Kreditaktivität seiner Cubeler® Business Hub-Plattform in Kanada bereitgestellt. Zwischen Juli 2023 und Juni 2024 erleichterte die Plattform Kredite und Kreditlinien in Höhe von $976,500 für kleine und mittelständische Unternehmen (KMUs) aus verschiedenen Branchen. Der Sektor für professionelle, wissenschaftliche und technische Dienstleistungen führte mit 46.08% des Gesamtbetrags, gefolgt vom Bauwesen mit 36.97%. Die Kreditbeträge reichten von $7,500 bis $300,000.
Evrard Nkwemi, Direktor für Beziehungen zu Finanzinstitutionen bei Cubeler, äußerte seine Zufriedenheit mit der Leistung der Plattform und stellte fest, dass sie auf dem besten Weg sind, den insgesamt im Jahr 2023 bereitgestellten Kreditbetrag zu übertreffen. Er hob auch die wertvollen Erkenntnisse hervor, die aus den Daten der Plattform gewonnen wurden, die mit der bevorstehenden Einführung der Networking- und Werbemodule weiter verbessert werden.
- Credit activity on the Cubeler Business Hub has resumed and is on pace to surpass 2023 totals
- The platform facilitated $976,500 in loans and credit between July 2023 and June 2024
- Diverse range of industries served, indicating broad market appeal
- Upcoming release of Networking and Advertising modules expected to enhance platform capabilities
- Data collected is providing valuable insights for the future ie-Pulse product offering
- Brief disruption in operations during May and June 2023
- Relatively small total loan amount ($976,500) over a one-year period
Toronto, Ontario--(Newsfile Corp. - July 24, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today provided an update on loans and credit facilitated by the platform's "Financing" module in Canada ahead of the upcoming release of the platform's "Networking" and "Advertising" modules.
The Company reported that between July 2023 and June 2024, loans and credit in the form of receivables financing, merchant cash advances, term loans, lines of credit, and inventory financing totaling
"After the brief disruption in our operations during the months of May and June of 2023, we are very pleased to see that credit activity on the platform has not only gotten back on track, but that we're actually on pace to surpass the total amount of credit facilitated by the platform in 2023," commented Evrard Nkwemi, Director of Financial Institution Relationships of the Company's Cubeler subsidiary. "But what I'm most excited about is how much incredible insight we're already getting from the data collected on the platform even before the arrival of the Networking and Advertising modules truly bring the Hub to life. Just through simple analysis of the lending activity and the underlying variables used to pre-qualify the SMEs, we're able to learn so much about how certain industrial sectors may be faring. Of course, this type of insight is just the tip of the iceberg when it comes to what will be available through our ie-Pulse product offering later this year. And that's just one of the reasons why everyone at Tenet is so unapologetically enthusiastic about the Company's future."
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.
For more information, please contact:
Tenet Fintech Group Inc.
Mayco Quiroz, Chief Operating Officer
514-340-7775 ext.: 510
investors@tenetfintech.com
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.com
Follow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech
Forward-looking information
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217554
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