MRBLF - Marble Executes White Label Distributor Agreement with Canadian Financial for its 'MyMarble' Financial Wellness Platform
(TheNewswire)
Vancouver, B.C - TheNewswire - Feb 17, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) FSE:2V0) (“Marble” or the “Company”), utilizes proprietaryAI-driven financial technology to help Canadians better understand howaccessing credit affects their financial future, is pleased toannounce its first white-label distributor agreement with CanadianFinancials’ client base of lenders and merchants acrossCanada.
Marble, a leading AI-driven financial technologyinnovator, is excited to engage our new MyMarble white-label program with Canadian Financial, a company thatbelieves Canadians need a fresh new take on the personal financemarket. Canadian Financials’ fintech platform provides over 20financial services and products to over 200 alternativelenders.
Research from Mintel and the Canadian Consumer FinanceAssociation ( 1) indicates that 28% of Canadians are underbanked, resultingin over 2 million Canadians per year turning to alternative financeproviders.
With the growing financial vulnerability anduncertainty caused by the global pandemic, there is an increasingsentiment and need for informative, ethical, and comprehensivepersonal financial products to empower Canadians. This data haspresented an increased demand for alternative lenders and holisticsolutions like MyMarble to help strengthentheir access to an affordable and sustainable financial future.
This new engagement will utilize Canadian Financials’large national directory of alternative financial services – whichspecializes in both Consumer and Commercial funding for a widelydiversified variety of products and services. This new distributoragreement will present Marble a significant new growth channel ofopportunity for MyMarble to empowerconsumers through its AI-driven fintech solutions, which provideprescriptive and expert-curated recommendations, insights, andfinancial literacy.
“We are very pleased to be launching our firstdistributor agreement with Canadian Financial and their extensiveplatform of over 200 lenders,” says Marble CEO, Karim Nanji.“Canadian Financial has a national presence in providing financialsolutions for the underserved population. This engagement enablesMarble to gain more exposure to those who need help and furtherpropels us in achieving our mission of connecting the underserved tothe financial future they deserve.”
“We wanted to be able to help our Canadian customersand partners with much more than just debt facilities,” saysCanadian Financial CEO, Patrick Labrèche. “Marble brought an Edtechcomponent into our ecosystem and has been a valued asset to ourcontinued growth within the Fintech industry. We look forward towatching our partnership flourish as the months progress.”
ON BEHALF OF THE BOARD OFDIRECTORS
Karim Nanji, CEO
About Canadian Financial - Canadian Financial is aFintech/Edtech Platform that is changing the way businesses andconsumers access traditional and alternative capital. With over 22Funding Programs and over 220 Lenders in Canada and the United States- Canadian Financial is gearing up to be one of the largest disruptorsin the Financial Services Industry. P lease 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 ofmachine learning, data science, and artificial intelligence, inleveraging its proven data driven strategies through technologysolutions Fast-Track, Score-Up, and Maestro to engage in and navigatea clear path towards financial wellbeing and a meaningful creditscore, since 2016, Marble is proud to have empowered thousands ofmarginalized consumers to a positive financial future, and we continueto establish ourselves as leaders in financial wellness through thelicensing of our proprietary products on the MyMarble Platform.
For further information, please visit the company'swebsite at https://mymarble.ca
Mike Marrandino, ExecutiveChairman
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 ITSREGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITYFOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution Regarding Forward-LookingInformation
This release contains "forward-lookinginformation" as such term is used in applicable Canadiansecurities laws, including statements regarding its arrangements withCanadian Financial Group. The use of any of the words"target", "plans", "anticipate","continue", "estimate", "expect","may", "will", "project","should", "believe" and similar expressions areintended to identify forward-looking statements. Such forward-lookinginformation is based on management's expectations and assumptions,including statements relating to the Company's referral agreement withCanadian Financial. In making the forward-looking statements includedin this news release, the Company has applied several materialassumptions, including but not limited to, that the Company'sfinancial condition and development plans do not change as a result ofunforeseen events, and that the Company will not require anyregulatory approvals, including Canadian Securities Exchange, for thewhite label distributor agreement. Forward-looking information issubject to a variety of risks and uncertainties and other factors thatcould cause plans, estimates and actual results to vary materiallyfrom those projected in such forward-looking information. Factors thatcould cause the forward-looking information in this news release tochange or to be inaccurate include, but are not limited to; generaleconomic, market or business conditions; changes in the Company'sfinancial condition and development plans; and other risks anduncertainties as set forth in the Company's most recent continuousdisclosure filings filed under the Company's profile at www.sedar.com . Although the Companyhas attempted to take into account important factors that could causeactual costs or results to differ materially, there may be otherfactors that cause actual results not to be as anticipated, estimatedor intended. There can be no assurance that such statements will proveto be accurate as actual results and future events could differmaterially from those anticipated in such statements. Theforward-looking information included in this release is expresslyqualified in its entirety by this cautionary statement. Accordingly,readers should not place undue reliance on forward-lookinginformation. The Company undertakes no obligation to update theseforward-looking statements, other than as required by applicablelaw.
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