MRBLF - Marble Licenses its Proprietary Marble Connect API with VINN Auto
(TheNewswire)
Vancouver, BC - TheNewswire - September 29, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) ("Marble" or the "Company"), anAI-driven financial technology company that educates and helpsconsumers better understand and manage their current cash flow andcredit towards a better financial future, is pleased to announcefurther expansion of Marble Connect into the automotive industry bylicensing its proprietary API with vehicle e-commerce marketplace VINNAuto to supply hundreds of automotive dealerships and thousands ofcustomers nationwide, direct access through Marble Connect toMarble’s proprietary financial wellness platform, MyMarble.
Connect is Marble’s proprietary andinnovative B2B white-label integration product that provides acustomized, AI-driven personal finance solution that connects the MyMarble platform into the partner’scustomer journey and product offering. It offers consumers their freecredit score, financial health report, real-time plans, andrecommendations to make a positive impact on their overall creditworthiness to gain access to their company's financial products andservices. Utilizing a personalized AI-driven experience, VINNAuto connects thousands of Canadians to hundreds of automotivedealerships in a way that is more efficient without having to take onany inventory. During this process , customers can getadvice from experts on their budget and then receive personalizedquotes based on their unique needs and lifestyle preferences that arespecific to them.
With a global semiconductor microchip shortage and thenew car industry taking a significant hit due to pandemic-relatedfactory closures, the demand and consumer competition for new and usedvehicles has reached an all-time high 1 . However, moreefficient solutions that supply live inventory such as VINN Auto haveseen their customer base grow 1400% YoY. Finding the right vehicle isonly one piece of the puzzle, with a growing need for complementaryfinancial wellness solutions such as MyMarble to empower VINN Auto customers to know where they stand whenit comes to approval. Marble Connect's lendingplatform will ensure customers not only find their perfect match butalso get approved much faster.
MarbleConnect will automatically enroll VINN Auto’sgrowing customer base into MyMarble to provide itsshoppers, experts and automotive retailers with a comprehensivefinancial overview and likelihood of approval using its proprietaryrisk scoring and analysis. Marble Connect will also aidin proving long-term brand loyalty by empowering customers through MyMarble’s programs, guidance, and tools toachieve the credit score, debt, and budget targets needed for approvalor improved interest rates in the future.
“Partnering with a rapidly growing and service-drivenmarketplace like VINN Auto is very exciting for Marble,” says DougTanner, Marble’s VP of Business and Corporate Development. “Mostof us know firsthand that the financial aspect of getting approved fora new vehicle is the most stressful part. The combination of Marbleand VINN’s technology is not only going to solve this problem butalso accelerate healthy growth for both businesses.”
“After initial success matching our automotivecustomers with Marble’s financial health products, we’re excitedto further the partnership through the use of Marble Connect,” VINNAuto CEO, Caleb Bernabe. says “Having transparent access to yourcredit score is an essential part of the car-shopping process, andwe’re excited to offer this option to thousands of VINNshoppers.”
Under the terms of the agreement, all VINN AutoMarketplace customers will automatically be enrolled as a member inthe MyMarble Platform through the Marble’sConnect API. This provides Marble with a new low-cost acquisitionchannel for both new members and associated data. Customers of theVINN Auto Marketplace benefit from access to Marble’s SaaS basedfinancial health and literacy products and services, enhancingMarble’s monetization opportunities.”
About VINN Auto. VINN is an automotive e-commerce platform that aims torevolutionize the automotive retail model by connecting buyers anddealerships through an online platform. Data-driven proprietarytechnology powers vehicle selection tools and allows customers tocomplete online checkout for a new or used vehicle in less than 20minutes. Founded in 2019 in Victoria BC, VINN operates Canada’sfirst automotive e-commerce marketplace, a website that allowsconsumers to shop for vehicles and complete the process digitally.VINN currently works with hundreds of dealerships and thousands ofvehicle buyers across Canada.
For more information please visit: https://vinnauto.com
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 strategies through technologysolutions Inverite, Score-Up, Fast Track, Maestro and Connect 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 about Marble Financial, pleasevisit: 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-looking statements.Forward-looking statements, without limitation, may contain the wordsbeliefs, expects, anticipates, estimates, intends, plans, or similarexpressions. Forward-looking statements do not guarantee 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 for historical facts, thestatements in this news release, as well as oral statements or otherwritten statements made or to be made by Marble, are forward-lookingand involve risks and uncertainties. The forward-looking informationincluded in this release is expressly qualified in its entirety bythis cautionary statement. Accordingly, readers should not place unduereliance on forward-looking information. The Company undertakes noobligation to update these forward-looking statements, other than asrequired by applicable law.
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