MRBLF - Marble Launches SCORE-UP LITE a Pay-As-You-Go SaaS Product
(TheNewswire)
Vancouver, B.C. - TheNewswire - October 21, 2020 - Marble Financial Inc.(CSE:MRBL ) (CNSX:MRBL.CN) ( OTC: MRBLF) ("Marble" or the"Company") a financial technology company that empowersCanadians' toward a positive financial future, is pleased to announcethe launch of SCORE-UP LITE, Marble's latest proprietary creditrebuilding SaaS product, with a new seamless pay-as-you-go paymentplatform.
Score-Up Lite is a new and easier to use variation ofMarble's proprietary and robust credit rebuilding software, Score-Up.The addition of this new product now enables Canadians to monitor,rebuild and maximize their credit on a month by month basis usingtheir credit and/or debit card. According to the CanadianBankers Association, approximately 75 million creditcards were issued in Canada in 2018 alone. With such high rates ofcredit card use, Marble's pay-as-you-go Score-Up Lite SaaS creditrebuilding software is now available and accessible to most Canadians.
In a recent Personal Finance Sentiments Survey conducted by Marble,approximately 70% of the respondents commented that they wereembarrassed by their credit score, proving a willingness to improvetheir credit to an acceptable mainstream banking level. In addition, asimilar number of the same respondents identified having over $100 indisposable income each month, confirming Score-Up Lite's affordabilityto people that could benefit from it.
For as little as $29.99 per month, Score-Up Lite can bring theintuitive and prescriptive credit rebuilding recommendations found inthe Company's robust Score-Up product, to most Canadians during thisunprecedented, pandemic-induced, uncertain financial time. A recentMNP survey identified 50% of Canadians face insolvency*. The Companybelieves Score-Up Lite fills a market need and will be the go-to SaaSproduct to which every Canadian should subscribe to as it can assistwith controlling and managing credit in a cost-effective and timelymanner. With just a few clicks and no lengthy paperwork or loanapproval process, opening a MyMarble account only takes a few minutesto start down the path of maximizing credit scores.
Score-Up Lite is now available to all Canadians and offers thefollowing features and functionality.
------------------------------------------------------- |- Credit and Visa |- Monthly Credit Score | |Debit card | | |pay-as-you-go | | |-----------------------------------------------------| |- Point Deduction Technology|- Credit | | |Monitoring&Alerts | |-----------------------------------------------------| |- Errors&Omission Tracking |- Target Score Simulator| |-----------------------------------------------------| |- Budget Simulator | | -------------------------------------------------------
*https://www.bnnbloomberg.ca/personal-finance/video/50-of-canadians-face-insolvency-survey-finds~1880048
Score-Up Lite is geared for a new segment of theCanadian consumer market for people to use online payments forachieving a specific credit score goal, which can assist in achievinga variety of credit related goals such as obtaining a mortgage, buyinga car, or procuring lower interest loans and credit lines.
"There are many options in the market forconsumers to get their credit scores. That said, there is a void inthe marketplace for an effective and efficient solution that canprovide Canadians with a prescriptive solution on how exactly toimprove their credit score," said Karim Nanji, Marble's CEO."With Score-Up Lite, we recognized an opportunity to manifest asimple and expert approach and apply it to the subscription paymentexperience. "
"Our approach to financial empowerment hasn'tchanged: we believe the smartest way to improve your finances is tohave an intelligent, low-cost technology product that tracks aperson's credit score, recommends regularly, and for consumers tomonitor on a regular basis" said Nanji. "This is still allabout Digital Financial Inclusion."
ON BEHALF OF THE BOARD OF DIRECTORS,
Karim Nanji, CEO
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 http://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-Looking Information
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 future plans and objectives ofthe Company, the Company's expectations surrounding the marketpotential of Score-Up Lite, and the benefits of Score-Up Lite,including potential credit score improvement, building and managementresults. In making the forward-looking statements included in thisnews release, 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 and has received all required regulatoryapprovals in the jurisdictions across Canada that it will be offeringthis product. Forward-looking information is subject to a variety ofrisks 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: 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 considerimportant 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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