MRBLF - Marble Launches Personal Financial Wellness Platform 'MyMarble' With Smarter Loans
(TheNewswire)
Vancouver, B.C - TheNewswire - Feb 02, 2021 – Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” or the “Company”) a financial technologycompany that empowers Canadians’ toward a positive financial future,is pleased to announce that it has a referral agreement with Smarter Loans offering their customers Marble’sAI-driven financial wellness SAAS platform, MyMarble.
Marble, a leading financial technology innovator, isexpanding its engagement with Smarter Loans, a company that helpsCanadians make smarter financial decisions through innovative productssuch as Marble’s AI-based software products on the MyMarbleplatform. Smarter Loans is one of Canada’s largest loan andfinancial directories where every day, thousands of Canadians makesmarter financial decisions, where they can learn about money mattersand browse over 100 of Canada’s top financial companies. Exposure toSmarter Loans’ engaged customer base presents another new growthchannel of opportunity for Marble to empower Canadians using itsholistic personal finance fintech solution that provides preciseexpert curated recommendations, insights, and financialliteracy.
According to Smarter Loans’ 2020 State of Fintech Lending in CanadaStudy , Canadians have stayed home longer,and the adoption of fintech products has accelerated dramatically with71% of respondents indicated that they now manage more of theirfinances online than 12 months ago. This data has further cemented aneed for a holistic and online financial wellness platform likeMyMarble to offer them the solutions they are seeking.
This engagement will utilize advocation through SmarterLoans’ exclusive and proprietary marketing channels, industryexperts, video producers, best-selling authors, nationally publishedjournalists and writers. MyMarble will now reach a large demographicof Canadians that visit Smarter Loans to discover Canada’s mostinnovative financial products and brands. The engagement will givemore Canadians access to MyMarble’s platform, offering AI-poweredrecommendations, credit monitoring, coaching and budgeting technologyto consistently boost their credit score.
“We are very pleased to be further expanding ourengagement with Smarter Loans by offering the MyMarble platform to theSmarter Loans audience is fantastic for us,” says Marble Director ofMarketing, Rich Elliott. “Smarter Loans are leaders in providingethical and sustainable financial lending options for Canadians,something we also feel strongly about. This engagement further propelsus in achieving our mission of connecting the underserved to thefinancial future they deserve.”
“At Smarter Loans our goal is to help Canadians makesmarter financial decisions, and for most people it meansunderstanding their personal financial situation, discovering ways toimpact it positively, and taking action to achieve their financialgoals.” Said Vlad Sherbatov, President, Smarter Loans.“MyMarble’s
platform and products make it easy for Canadians totake that first step towards financial well-being. We are very excitedto team up with MyMarble and continue building on our already strongrelationship.”
The Company is also pleased to announce the closing ofits non-brokered private placement (the “Placement”). Marble issued 2,000,000 units (the “Units”) at a price of$0.25 per Unit for gross proceeds of $500,000.
Each Unit is comprised of one common share of theCompany (“Shares”) and one-half of one non-transferable warrant,with each whole warrant (each a “Warrant”) being exercisable topurchase a further Share at a price of $0.35 for a period of 12 monthsfollowing the closing date, subject to accelerated expiry if thecommon shares of the Company trade or close at a price of $0.45 ormore for 10 consecutive trading days on the Canadian SecuritiesExchange (“CSE”).
Pursuant to the closing of the Placement, directors,officers, employees and consultants of the Company purchased 900,000Units.
The proceeds from this financing will be used formarketing and general working capital. There is no material fact ormaterial change about the Company that has not been generallydisclosed.
The participation by the directors in the Placementconstitutes a "related party transaction" within the meaningof Multilateral Instrument 61-101 - Protection of Minority Security Holders inSpecial Transactions (" MI 61-101 ") and the policies ofthe CSE. The Company is relying upon the exemptions from the formalvaluation and minority shareholder approval requirements pursuant tosections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 onthe basis that neither the fair market value of the subject matter of,nor the fair market value of the consideration for, the transactioninsofar as it involves interested parties (within the meaning of MI61-101) in the Placement exceeds 25% of the Company's marketcapitalization calculated in accordance with MI 61-101, and on thebasis that no securities of the Company are listed or quoted on astock exchange as specified in MI 61-101.
ON BEHALF OF THE BOARD OFDIRECTORS
Karim Nanji, CEO
About Smarter Loans. Smarter Loans is Canada’s original and largest loancomparison website. Canadians nationwide use Smarter Loans to find themost innovative financial products and services in the country,compare their options, and make smarter financial decisions. Launchedin 2016, Smarter Loans today works with over 50 of the top financialbrands in Canada, including banks, credit unions, alternative lendersand innovative FinTech companies that are leading the digitaltransformation in the Canadian financial sector. For more informationplease visit: https://smarter.loans/
About Marble Financial Inc. (CSE:MRBL; OTC: MRBLF; FSE:2V0) Marble leverages itsproven data driven strategies utilizing the power of machine learning,data science, and artificial intelligence, through itsindustry-leading MyMarble Platform, which currently hosts, proprietarytechnology solutions Fast-Track, Score-Up, and Maestro to engage inand navigate a clear path for North Americans towards financial
wellbeing and a meaningful credit score. Since 2016,Marble is proud to have empowered thousands of marginalized Canadiansto a positive financial future, and we continue to establish ourselvesas leaders in financial wellness through the licensing of ourproprietary 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
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 willreceive all required regulatory approvals, including CanadianSecurities Exchange approval, for the Placement. Forward-lookinginformation is subject to a variety of risks and uncertainties andother factors that could cause plans, estimates and actual results tovary materially from those projected in such forward-lookinginformation. Factors that could cause the forward-looking informationin this news release to change or to be inaccurate include, but arenot limited to: failure of the Private Placement to be arranged on theproposed terms or at all; unanticipated delays in obtaining or failureto obtain regulatory or Canadian Securities Exchange approvals;general economic, market or business conditions; changes in theCompany's financial condition and development plans; and other risksand uncertainties 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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