MRBLF - Marble Financial Announces Technology Partnership with VoPay International
(TheNewswire)
Vancouver, B.C – TheNewswire - January 26, 2021 – Marble Financial Inc.(CSE:MRBL ) ; ( OTC:MRBLF); (CNSX:MRBL.CN); (“Marble” or the “Company”) afinancial technology company that empowers Canadians’ toward apositive financial future, is pleased to announce that it haspartnered with VoPay International Inc. (“VoPay”) to deliver itsopen banking payments solution with coverage for thousands of new andexisting MyMarble customers. This partnership which enables newpayment options to consumers, simplifies the process for providing asingle API integration to banking providers.
VoPay’s payment technology platform now providesMarble an ideal solution to enable customers to easily and rapidlyincorporate electronic funds transfer (“EFT”) payments into theirfinancial technology solutions. With VoPay’s integrated singlepayment API, Marble is able to improve customer retention and reducecosts, which results in rapidly expanded and streamlined paymentoptions for MyMarble users and for the Company to expand its top-endrevenue channels.
According to Payments Canada Methods and Trends(CPMT) 2020 report , EFT payments haveincreased and represent 61% of the total remote payments volume. Thispresents a growing preferred payment method by Canadians, somethingMarble has not been able to offer in the past.
The Software-as-a-Service (“SaaS”) financialwellness technology products offered on the MyMarble platform,combined with VoPay’s cost effective payments-as-a-service platform,overcomes many of the cost prohibitive financial issues associatedwith underserved Canadians not having access to mainstream onlinepayment methods, which is a key part of their financialfitness.
VoPay’s leading payment innovationprovides Marble with full visibility on theirpersonal financial data, enabling our customersupport full transparency and quicker response time to paymentqueries.
“We are very excited about partnering with VoPay toadd a new payment option to Marble’s growing customer base andrevenue streams,” said Karim Nanji, CEO Marble. “VoPay is a leaderin payment processing with a world-class product when it comes tospeed and efficiency. Our partnership with VoPay will position Marbleto support rapid growth, and together we can further support Canadiansthat do not have access to credit as a payment option.”
“We are very pleased to partner with MarbleFinancial, we fully support their mission to empower Canadians tomanage their money and improve their financial knowledge for apositive financial future,” said Hamed Arbabi, CEO and Founder,VoPay. “Using our open banking payment technology and fullycustomizable APIs, businesses like Marble can eliminate EFT paymentinefficiencies and manage payments directly, allowing them to scalefaster and focus on what they do best.”
This new partnership has enabled a more seamlesspayment experience for Marble Customers to help Marble further deliverIts mission in to empowering all Canadians to manage their personalfinances, with credit building products, guidance and tools tooptimize their credit wellness.
The Company has granted an aggregate of 2.135 millionstock options under the company's stock option plan to its executiveofficers, management and certain consultants. These options expire infive years, vest in equal one-quarter amounts on the date of grant,and in each of the first year, second year and third yearanniversaries from the date of grant and are issued at 40 cents pershare.
ON BEHALF OF THE BOARD OFDIRECTORS
Karim Nanji, CEO
About VoPay International Inc. VoPay is a leader in payment innovation offeringa single API that instantly connects businesses to global banking andpayment networks with speed and transparency. The company has onegoal: to eliminate all payment inefficiencies, so businesses can focuson what they do best in today’s fast-paced digital economy. Discoverthe art of seamless and secure bank payments at: https://vopay.com
About Marble Financial Inc. (CSE:MRBL; OTC: MRBLF) Marble leverages its provendata driven strategies utilizing the power of machine learning, datascience, and artificial intelligence, through its industry-leadingproprietary technology solutions Fast-Track, Score-Up, and Credit-Medsto engage in and navigate a clear path for Canadians towards financialwellbeing and a meaningful credit score. Since 2016, Marble is proudto have empowered thousands of marginalized Canadians to a positivefinancial future, and we continue to establish ourselves as leaders infinancial wellness through the licensing of our proprietary productson the Marble Platform.
For further information, please visit the company'swebsite at https://mymarble.ca
Mike Marrandino,?Executive Chairman
T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca
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 the Private Placementand the use of proceeds therefrom. 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 plans to conduct thePlacement and the anticipated use of the proceeds of the Placement andDebenture offerings.
In making the forward-looking statements included inthis 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 receive all requiredregulatory approvals, including Canadian Securities Exchange approval,for the Placement. Forward-looking information is subject to a varietyof risks and uncertainties and other factors that could cause plans,estimates and actual results to vary materially from those projectedin such forward-looking information. Factors that could cause theforward-looking information in this news release to change or to beinaccurate include, but are not limited to: failure of the PrivatePlacement to be arranged on the proposed terms or at all;unanticipated delays in obtaining or failure to obtain regulatory orCanadian Securities Exchange approvals; general economic, market orbusiness conditions; changes in the Company's financial condition anddevelopment plans; and other risks and uncertainties as set forth inthe Company's most recent continuous disclosure filings filed underthe Company's profile at www.sedar.com . Although theCompany has attempted to take into account important factors thatcould cause actual costs or results to differ materially, there may beother factors that cause actual results not to be as anticipated,estimated or intended. There can be no assurance that such statementswill prove to be accurate as actual results and future events coulddiffer materially 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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