Great results and just the beginning For those who dident read the MD&A, it's a must read.
I can tell you, events are moving fast. Stay tuned.
A little exert from th md&a
Lending to small and micro businesses in China has long been seen as a risky proposition for the country’s financial institutions. But Peak is in the process of changing all of that and is proving that analytics and AI can be used to help any lender lend safely to those too often neglected businesses. Peak’s introduction of an ecosystem concept to commercial lending, bringing together lenders, borrowers and loan brokers based on AI and analytics, is making it much easier for small and micro businesses to have access to credit. In so doing, Peak is helping serve a virtually untapped market and has an opportunity to establish itself as an important player in that market before any real competition enters the space. Peak understands however that in order to capture this opportunity, it will need to quickly expand its service offering to as many cities as possible and take all the necessary measures to continuously add more lenders, brokers and borrowers to its Lending Hub ecosystem. That’s why the Company believes that it should continue to invest into its expansion plan in 2020 in order to stake its claim as China’s leading credit platform for the country’s estimated more than 100M small and micro businesses.