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Peak Fintech Group Inc : Peak Completes Integration to China UnionPay Network and Processes First Fund Transfer and Payment Settlement Transactions

Peak Fintech Group Inc : Peak Completes Integration to China UnionPay Network and Processes First Fund Transfer and Payment Settlement Transactions
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Peak Fintech Group Inc : Peak 2020 Revenues Top $40M in Audited Year-End Financial Results

Peak Fintech Group Inc.: Peak 2020 Revenues Top $40M in Audited Year-End Financial Results Montreal, Quebec (Newsfile Corp. - April 30, 2021) - Peak Fintech Group Inc. (CSE: PKK) ( Peak or the Company ) today announced its financial results for the year ended December 31, 2020. The Company reported revenue in excess of $40M for the year, in line with what it had forecasted, despite some headwind from the COVID-19 pandemic during the year. All amounts expressed are in Canadian dollars. 2020 Financial Highlights: 2020 ($3,608,920) 1 Expenses do not include interest, taxes, depreciation (including impairment of intangible assets) loss on settlement of debt, gain on bargain purchase and amortization

Peak 2020 Revenues Top $40M in Audited Year-End Financial | The Kingston Whig Standard

Article content 2 Adjusted EBITDA equals net income (loss) before finance costs, taxes, depreciation, amortization and impairment of intangible assets, loss on extinction of debt, gain on bargain purchase and amortization 2020 Operating Highlights: Expansion of operations to Shanghai commercial credit market Partnership to help distribute COVID-19 financial aid from Jiangyin municipal government to city’s affected businesses Addition of several new Jinxiaoer Service Centres, including in the cities of Changzhou, Suzhou, Nanjing and Taiyuan Addition of several new lenders to the Lending Hub, bringing the number of banks and lending institutions in the ecosystem to more than 50 Integration of the Jinxiaoer loan brokerage platform to the Lending Hub ecosystem

Peak Fintech Group Inc : Peak Provides Updates on Implementation of Fund Transfer Services and Cash Position from Exercise of Warrants

(1) Montreal, Quebec (Newsfile Corp. - March 4, 2021) - Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ( Peak or the Company ), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has reached an important step in the implementation of payment processing and fund transfer services on its Cubeler Lending Hub platform. Peak announced earlier this year that it had signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. ( Rongbang ) that will allow it to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its Lending Hub ecosystem. After holding several working sessions with Rongbang s service implementation team, the Company has now completed the setup of the test environment where virtual replications of both the Lending Hub platform and the China UnionPay network will co-exist from this point forward. Setting up the test environm

Peak Fintech Group Inc : Peak s Lending Hub Financing Program Continues to Gain in Popularity with Some of China s Top Retailers and Distributors

(2) Montreal, Quebec (Newsfile Corp. - February 24, 2021) -Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ( Peak or the Company ), an innovative Fintech service provider to the Chinese commercial lending sector, today announced the addition of distributor Dajinpengli Trading Ltd. ( DT ) and popular national convenience store chain Bianlifeng to its financing program powered by the Cubeler Lending Hub platform. Bianlifeng (https://www.bianlifeng.com/) is one of China s fastest growing and most recognized chains of convenience stores. It was recently added to Peak s list of large retailers whose certified product distributors are automatically eligible to have their purchase orders financed if the orders are placed through Peak s Gold River platform, which is now fully integrated to the Lending Hub. That rapidly growing list now includes the likes of JD.com, PetroChina convenience stores and 7-Eleven convenience stores. DT quickly took advantage of the program and its relationsh

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