MRBLF - Marble Passes 20000 Member Milestone on the MyMarble Financial Wellness Platform
(TheNewswire)
Vancouver, B.C. TheNewswire - July 22, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” or the “Company”), an AI-driven financialtechnology company that educates and helps Canadians better understandand manage their current cash flow and credit towards a betterfinancial future, is pleased to announce it has surpassed the 20,000member milestone as it continues to establish itself as the mosteffective digital financial technology wellness solution for all goaldriven Canadians.
Today’s announcement has been fuelled by growingpartnerships and brand awareness initiatives combined with multiplenew Software-as-a-Service (SaaS) digital financial wellness productsthrough Marble’s AI-powered technology ecosystem, MyMarble . Since launching the first iterationof MyMarble to its member base in November 2020,the company has seen a healthy average member growth of 30% month overmonth with an average of attachment rate to the Premium subscriptionof 7%.
Since the start of the COVID-19 pandemic, the SaaSindustry was one of only three business sectors that showed growthaccording to Stats Canada (1) . This was mainly due to beneficialbusiness circumstances when it came to continual growth whennavigating the global pandemic in early 2020. In Marble’s case, itenabled the business to adapt quickly through launching multipleproducts in a short space of time while acquiring new members,improving efficiencies and staying true to its mission and strategy.The business was perfectly suited to working remotely, the supplychain was healthy and continual technological development whileworking under tight financial conditions was par for thecourse.
All of Marble's 20,000 members have exclusive access tothe MyMarble community, a freemium based platformthat empowers Canadians to build the perfect foundation of budgetingand cash flow analysis, credit insights, and financial literacydiscussion. MyMarble members can act on the insightsgleaned through the credit and banking data collected through Marble'sproprietary data verification solution, Inverite and Point DeductionTechnology TM . Through Marble's algorithmic audience segmentation, thedata accumulated on each member month over month showcased memberbehaviour in respective areas of personal finance to recommend furtherrevenue-generating solutions to accelerate the members' goal towardoptimal financial wellness.
“Over the past 24 months we have heavily invested indeveloping a broader product eco-system that is built on a sustainableand ethical acquire, retain, and monetize method,” says Marble CEOKarim Nanji “Along with recent marketing partnerships, it is greatto see our efforts driving strong member growth despite the economicimpacts of COVID-19. Given the challenges many Canadians face when itcomes to improving their financial literacy and managing the finances,this growth is being led by a desirable segment of motivated Canadiansthat don’t have access to affordable or major financial solutionsand are proactive in the need to get the ball rolling. We trulybelieve in being transparent and executing on our mission ofnourishing confidence in people to redefine their financial health.”
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 and Maestro to engage in andnavigate a clear path towards financial wellbeing and a meaningfulcredit score, since 2016, Marble is proud to have empowered thousandsof marginalized consumers to a positive financial future, and wecontinue to establish ourselves as leaders in financial wellnessthrough the licensing of our proprietary products on the MyMarble Platform.
For further information about Marble Financial, pleasevisit: https://mymarble.ca
Mike Marrandino, ExecutiveChairman
T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca
Source: (1) https://www150.statcan.gc.ca/n1/daily-quotidien/200731/dq200731a-eng.pdf
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 wordsbelieves, expects, anticipates, estimates, intends, plans, or similarexpressions. Forward-looking statements are not guaranteeing of 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 forhistorical facts, the statements in this news release, as well as oralstatements or other written statements made or to be made by Marble,are forward-looking and involve risks and uncertainties. The forward-looking information included in this release isexpressly 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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