Tenet's Cubeler(R) Business Hub Welcomes Global Tech-Based Lender Uncapped
Uncapped (https://www.weareuncapped.com) is headquartered in the U.K. and services businesses operating in the U.K., U.S., and more recently, Canada. The company is a leading provider of working capital for growing e-commerce brands and retailers, offering fast, simple, and transparent financing to SMEs that are often overlooked by traditional banks and MCA lenders. It takes pride in helping founders maintain full equity control of their businesses by offering working capital loans and lines of credit of up to USD $10M. Uncapped uses technology to quickly assess the applicants' sales data and usually renders a lending decision in 24 hours. Uncapped can now simply enter its qualification criteria for loans and lines of credit into its dedicated Business Hub interface to be matched with qualified SME members of the platform.
"Our main objective at Cubeler is to build a global network where SME business owners have free access to technology-driven tools and services to grow their businesses," commented Fredi Tasciyan, Director of Strategic Partnerships and Financial Institutions at Cubeler. "This implies working with technology and service partners with complementary products and services to ours, who are also dedicated to helping business entrepreneurs succeed. This partnership perfectly fits the mold, which is why we're so excited about today's announcement. Uncapped's ability to provide loans of up to USD$10M brings a completely different dimension to the Business Hub, which I believe will immediately benefit our Canadian SME members. Their presence in the U.S. will undoubtedly be equally beneficial to our U.S. SME members when we expand the Hub south of the border early next quarter," concluded Mr. Tasciyan.
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.
For more information, please contact:
Tenet Fintech Group Inc.Mayco Quiroz, Chief Operating Officer514-340-7775 ext.: 510investors@tenetfintech.com
CHF Capital MarketsCathy Hume, CEO416-868-1079 ext.: 251cathy@chfir.com
Follow Tenet Fintech Group Inc. on social media:X: @Tenet_FintechFacebook: @TenetLinkedIn: TenetYouTube: Tenet Fintech
Forward-looking information
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245290
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