Mr. Mayco Quiroz reports
TENET'S CUBELER BUSINESS HUB WELCOMES GLOBAL TECH-BASED LENDER UNCAPPED
Tenet Fintech Group Inc.'s operating subsidiary Cubeler Inc. has signed a referral agreement with global technology-based lender Uncapped Technologies Inc. as the company continues to bring the best loan and credit options to small- and medium-sized enterprise entrepreneurs through its business hub.
Uncapped is headquartered in the United Kingdom and services businesses operating in the U.K., the United States 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 $10-million (U.S.). Uncapped uses technology to quickly assess the applicants' sales data and usually renders a lending decision in 24 hours. Uncapped can 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 mould, which is why we're so excited about today's announcement. Uncapped's ability to provide loans of up to $10-million (U.S.) 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 is the parent company of a group of innovative financial technology and artificial intelligence companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytic- and artificial-intelligence-based products and services to businesses, capital market 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 business-to-business transactions among its members.
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