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Tenet Fintech Group Inc. C.PKK

Alternate Symbol(s):  PKKFF

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, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members.


CSE:PKK - Post by User

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Post by endeavouron Aug 07, 2018 1:23pm
43 Views
Post# 28422079

New Blog out today from CHF on PKK, excellent reading

New Blog out today from CHF on PKK, excellent readinghttps://chfcapital.com/cms/wp-content/uploads/Peak-Positioning-and-Chinese-Commercial-Lending-P-August-6-2018.pdf

Some very important points - see this paragraph:

"Let’s take a look at some numbers to see what all of this means for Peak shareholders. Let’s assume Peak earns 1.5% on all loans done on Cubeler (again, the percentage that the company earns on the loans has not yet been disclosed, so we’re just guessing here). With a current annual lending capacity of $240M, Peak would gross $3.6M per year in Cubeler service fees. Now here comes the interesting part. The first two lenders to join Cubeler (other than ASFC) brought a total of $220M to the platform for an average of $110M per lender. There are apparently over 8,000 lenders in China. Using an average of $110M per lender, imagine for a moment what Peak’s revenues would look like with 10, 20, 50 or even more lenders on the platform."

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