Vancouver, B.C, Feb 17, 2021 - InvestorsHub NewsWire
-- Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) ("Marble" or the "Company"),
utilizes proprietary AI-driven financial technology to help
Canadians better understand how accessing credit affects their
financial future, is pleased to announce its first white- label
distributor agreement with Canadian Financials' client base of
lenders and merchants across Canada.
Marble, a leading AI-driven financial technology innovator, is
excited to engage our new MyMarble white- label program with
Canadian Financial, a company that believes Canadians need a fresh
new take on the personal finance market. Canadian Financials'
fintech platform provides over 20 financial services and products
to over 200 alternative lenders.
Research from Mintel and the Canadian Consumer Finance
Association(1) indicates that 28% of Canadians are underbanked,
resulting in over 2 million Canadians per year turning to
alternative finance providers.
With the growing financial vulnerability and uncertainty caused
by the global pandemic, there is an increasing sentiment and need
for informative, ethical, and comprehensive personal financial
products to empower Canadians. This data has presented an increased
demand for alternative lenders and holistic solutions like MyMarble
to help strengthen their access to an affordable and sustainable
financial future.
This new engagement will utilize Canadian Financials' large
national directory of alternative financial services - which
specializes in both Consumer and Commercial funding for a widely
diversified variety of products and services. This new distributor
agreement will present Marble a significant new growth channel of
opportunity for MyMarble to empower consumers through its AI-driven
fintech solutions, which provide prescriptive and expert-curated
recommendations, insights, and financial literacy.
"We are very pleased to be launching our first distributor
agreement with Canadian Financial and their extensive platform of
over 200 lenders," says Marble CEO, Karim Nanji. "Canadian
Financial has a national presence in providing financial solutions
for the underserved population. This engagement enables Marble to
gain more exposure to those who need help and further propels us in
achieving our mission of connecting the underserved to the
financial future they deserve."
"We wanted to be able to help our Canadian customers and
partners with much more than just debt facilities," says Canadian
Financial CEO, Patrick Labre`che. "Marble brought an Edtech
component into our ecosystem and has been a valued asset to our
continued growth within the Fintech industry. We look forward to
watching our partnership flourish as the months progress."
ON BEHALF OF THE BOARD OF DIRECTORS
Karim Nanji, CEO
About Canadian Financial - Canadian Financial is a
Fintech/Edtech Platform that is changing the way businesses and
consumers access traditional and alternative capital. With over 22
Funding Programs and over 220 Lenders in Canada and the United
States - Canadian Financial is gearing up to be one of the largest
disruptors in the Financial Services Industry. Please visit the
company's website at https://www.cdnfinancial.ca/
About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0)
Marbles' proprietary MyMarble platform utilizes the power of
machine learning, data science, and artificial intelligence, in
leveraging its proven
data driven strategies through technology solutions Fast-Track,
Score-Up, and Maestro to engage in and navigate a clear path
towards financial wellbeing and a meaningful credit score, since
2016, Marble is proud to have empowered thousands of marginalized
consumers to a positive financial future, and we continue to
establish ourselves as leaders in financial wellness through the
licensing of our proprietary products on the MyMarble Platform.
For further information, please visit the company's website at
https://mymarble.ca Mike Marrandino,?Executive
Chairman
T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca
(1)Source: https://www.greedyrates.ca/blog/unbanked-canadians-turning-away-traditional-financial-institutions/
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS
SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution Regarding Forward-Looking Information
This release contains "forward-looking information" as such term
is used in applicable Canadian securities laws, including
statements regarding its arrangements with Canadian Financial
Group. The use of any of the words "target", "plans", "anticipate",
"continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to
identify forward-looking statements. Such forward-looking
information is based on management's expectations and assumptions,
including statements relating to the Company's referral agreement
with Canadian Financial. In making the forward-looking statements
included in this news release, the Company has applied several
material assumptions, including but not limited to, that the
Company's financial condition and development plans do not change
as a result of unforeseen events, and that the Company will not
require any regulatory approvals, including Canadian Securities
Exchange, for the white label distributor agreement.
Forward-looking information is subject to a variety of risks and
uncertainties and other factors that could cause plans, estimates
and actual results to vary materially from those projected in such
forward-looking information. Factors that could cause the
forward-looking information in this news release to change or to be
inaccurate include, but are not limited to; general economic,
market or business conditions; changes in the Company's financial
condition and development plans; and other risks and uncertainties
as set forth in the Company's most recent continuous disclosure
filings filed under the Company's profile at www.sedar.com.
Although the Company has attempted to take into account important
factors that could cause actual costs or results to differ
materially, there may be other factors that cause actual results
not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. The forward-looking information
included in this release is expressly qualified in its entirety by
this cautionary statement. Accordingly, readers should not place
undue reliance on forward-looking information. The Company
undertakes no obligation to update these forward-looking
statements, other than as required by applicable law.
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