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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 relationship with Bianlifeng and had purchase orders worth 4.2 million RMB (about CAD$800,000) financed by Lending Hub partnering financial institutions merely days following the Chinese New Year break. Peak earned approximately CAD$48,000 in fees related to the transactions when combining both Lending Hub and Gold River service fees.