MRBLF - Marble Launches its 'MyMarble' Financial Wellness Platform with LendforAll Canada
(TheNewswire)
Vancouver, B.C. - TheNewswire - February 23, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” orthe “Company”) utilizes AI-driven financial technology company tohelp Canadians better understand how credit can affect their financialfuture, is pleased to announce a referral agreement with LendforAllCanada offering its consumers our AI-driven financial wellness SAASplatform, MyMarble .
Marble, a leading financial technology innovator, isexpanding its referral program with LendforAll Canada, a company thatsince 2018 has helped over 25,000 borrowers in achieving theirfinancial goals through their proprietary lending platform that issafe, secure, and provides a loan application process that isseamless, simple, and easy to use. Access to such an engaged visitorbase of underbanked consumers presents another new growth channel ofopportunity for Marble to further empower Canadians using its holisticpersonal finance fintech solution that provides precise expert curatedrecommendations, insights, and financial literacy.
According to Marble’s 2020 Personal Finance SentimentSurvey (1), 65% of Canadians turn to online and alternative lenders,seeking a more flexible and attainable product or service to help withtheir current financial situation. This growing trend amongstconsumers has presented a much higher need for Canadians to utilizetechnology like MyMarble to strengthen theirchances of approval.
This new referral engagement will utilizeLendforAll’s, ‘AI-powered product matching system’ thatrecommends to its consumers the MyMarble financial wellnessproducts. This engagement will give thousands of monthly visitors toLendforAll access to MyMarble’s platform,offering AI-powered recommendations, credit monitoring, coaching andbudgeting technology to consistently boost their credit score.
“We are very pleased to be launching MyMarble with LendforAll in order reach many more underbankedCanadians that need help improving their financial fitness.” saysMarble Director of Marketing, Rich Elliott. “LendforAll’sgoal-orientated approach with its AI-powered technology to segment andcater the perfect financial solution, is aligned with Marble’s corestrategy in helping the underbanked consumer achieve access tomainstream financial fitness.”
“Our Commitment at LendforAll is to provide optionsfor any consumer regardless of their credit history.” saysLendforAll Founder, Nick Pellegrino. “We think the MyMarble platform is the perfect tool for Canadians who are lookingfor ways to educate themselves on achieving their financialgoals.”
Marble is also pleased to report that all the holdersof its convertible debentures have elected to convert the fullprincipal amount outstanding of $460,000 into common shares, at aprice of $0.30 per share, resulting in the issuance of 1,533,333common shares.
ON BEHALF OF THE BOARD OFDIRECTORS
Karim Nanji, CEO
About Lendforall Our mission is to help Canadian consumers and businessesachieve financial goals via a Lending Platform that is safe, secure,and a loan application process that’s seamless, simple and easy touse. Our Artificial Intelligence platform essentially does all thework for you. Additionally, our lending platform minimizes and, inmost cases, eliminates the possibility of a loan application beingdeclined and with the highest probability for approval.
For further information, please visit the company’swebsite at https://lendforall.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 strategiesthrough technology solutions Fast-Track, Score-Up, and Maestro toengage in and navigate a clear path towards financial wellbeing and ameaningful credit score, since 2016, Marble is proud to have empoweredthousands of marginalized consumers to a positive financial future,and we continue to establish ourselves as leaders in financialwellness through the licensing 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://mymarble.ca/survey-loans-debt-insolvency/
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 withLendforAll Canada. The use of any of the words "target","plans", "anticipate", "continue","estimate", "expect", "may","will", "project", "should","believe" and similar expressions are intended to identifyforward-looking statements. Such forward-looking information is basedon management's expectations and assumptions, including statementsrelating to the Company's referral agreement with LendforAll Canada.In making the forward-looking statements included in this newsrelease, the Company has applied several material assumptions,including but not limited to, that the Company's financial conditionand 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 referral agreement.Forward-looking information is subject to a variety of risks anduncertainties and other factors that could cause plans, estimates andactual results to vary materially from those projected in suchforward-looking information. Factors that could cause theforward-looking information in this news release to change or to beinaccurate include, but are not limited to; general economic, marketor business conditions; changes in the Company's financial conditionand development plans; and other risks and uncertainties as set forthin the Company's most recent continuous disclosure filings filed underthe Company's profile at www.sedar.com . Although the Company has attempted to take into accountimportant factors that could cause actual costs or results to differmaterially, there may be other factors that cause actual results notto be as anticipated, estimated or intended. There can be no assurancethat such statements will prove to be accurate as actual results andfuture events could differ materially from those anticipated in suchstatements. The forward-looking information included in this releaseis expressly 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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