MRBLF - Marble Expands Its Referral Partnership Network With 15 Auto-Lending Companies
(TheNewswire)
Vancouver, B.C. - TheNewswire- May 12, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF )( FSE:2V0) (“Marble” or the “Company”) anAI-driven financial technology company that educates and empowersCanadians to better understand and manage their credit and cash flow,is pleased to announce further expansion into the Auto Lending Spacewith 15 new referral partnerships, offering its consumers theAI-driven financial wellness SAAS platform, MyMarble.
Marble, a leading financial technology innovator, isexpanding its referral program with Canadian Financial inc. byonboarding 15 new auto-lending companies across Canada and theircustomers to help improve their credit score and financial literacy toincrease chances of vehicle financing approval. With hundreds ofthousands of auto financing applications annually, accessing thishighly motivated consumer base looking to achieve their financialgoals presents an excellent growth opportunity for MyMarble .
According to the 2020 TransUnion ConsumerDatabase, (1) 33% of Canadians have financially excluded credit scores.Many loan providers who lack the digital solutions to assist thesecustomers facing a poor credit score, present a roadblock and anoverall poor customer service experience. For example, according toAccenture Global Consumer Pulse Research (2) 49% ofCanadian consumers switched providers in the past year due to poorcustomer service. By offering a seamless technology solution like MyMarble , lenders can help provide aresults-driven, solution-orientated customer service experience to fixthis common customer pain point.
This referral agreement will allow all 15 auto-lendingcompanies to leverage MyMarble’s creditimprovement recommendation technology to help consumers who requireimmediate assistance to improve their credit score to obtainauto-financing at the best rates. These partnerships will also providean excellent opportunity for MyMarble to increase itsoverall user base and monthly traffic , allowing the Company to reach and assist even moreCanadian’s, offering AI-powered recommendations, credit monitoring,coaching and budgeting technology to consistently boost their creditscore.
“We’re excited to launch MyMarble with all 15auto-lenders to help reach thousands of vehicle-seeking Canadians thatassistance in achieving their goals,” says Marble’s VP of Business& Corporate Development, Doug Tanner. “MyMarble’s personalizedautomated technology will provide thousands of underserved andcredit-constrained Canadians who are struggling to obtain vehiclefinancing the chance to improve their credit and financial literacy toachieve their dream vehicle.”
ON BEHALF OF THE BOARD OF DIRECTORS
Karim Nanji, CEO
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 provendata-driven strategies through technology solutions Fast-Track,Score-Up, and Maestro to engage in and navigate a clear path towardsfinancial 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
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(1) Bloomberg Transunion ConsumerCredit Database as of September 2020
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(2) Accenture Global ConsumerPulse Research: https://www.newswire.ca/news-releases/canadian-companies-losing-business-as-consumers-demand-a-more-personalized-experience-and-human-interaction-accenture-survey-finds-578079771.html
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-looking statements.Forward-looking statements, without limitation, may contain the wordsbelieves, expects, anticipates, estimates, intends, plans, or similarexpressions. Forward-looking statements are not guaranteeing of futureperformance. They involve risks, uncertainties and assumptions andactual results could differ materially from those anticipated. Forwardlooking statements are based on the opinions and estimates ofmanagement at the date the statements are made and are subject to avariety of risks and uncertainties and other factors that could causeactual events or results to differ materially from those projected inthe forward-looking statements. Except forhistorical facts, the statements in this news release, as well as oralstatements or other written statements made or to be made by Marble,are forward-looking and involve risks and uncertainties. The forward-looking information included in this release isexpressly qualified in its entirety by this cautionary statement.Accordingly, readers should not place undue reliance onforward-looking information. The Company undertakes no obligation toupdate these forward-looking statements, other than as required byapplicable law.
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