Peak Fintech Group Inc.: Peak Launches Cash Advance Financing Program for JD.COM Suppliers Montreal, Quebec--(Newsfile Corp. - February 3, 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 launch of a new Cubeler Lending Hub financing program for JD.com ("JD") product suppliers that will allow them to receive cash advances on product orders they get from JD. The program was developed in collaboration with certified JD product supplier Xiamen Guangzhui Ltd. ("Xiamen"), which recently officially became a Lending Hub member. Xiamen, which provides JD with various brands of liquor, snack foods and non-alcoholic beverages, explained the cash crunch it and other suppliers of the online giant face because they must pay product manufacturers in advance when placing orders but only receive payment from JD two weeks after the products have been delivered to JD's warehouses. It should be noted that there are important differences between this program and the distributor and retailer financing program launched by Peak in October 2020. For instance, rather than being based on the usual AI and data analysis performed by the Lending Hub software, funding approval under this program is based solely on verified product orders from JD received by the suppliers. So the program and the lenders who accept to extend credit based on it are essentially relying on JD's ability to pay for the orders that it has placed with the suppliers rather than on the suppliers' ability to pay back the short-term cash advances.