(Image via Peak Positioning Technologies Inc.)
On Friday,
Peak Positioning Technologies Inc. (CSE: PKK, OTCQX: PKKFF, Forum) announced that it had won a bid from the city of Nanjing in China to provide the software platform that will power the city’s upcoming commercial lending financial centre.
Peak Group China Chief Executive Officer Liang Qiu called this a very significant achievement for the Company.
“The fact that we were competing with other reputable tech companies on this particular project makes this accomplishment even more rewarding and testifies to Lending Hub's unique value proposition for lenders and SMEs. Nanjing becoming the second city after Jiangyin to implement the Cubeler Lending Hub platform at the core of a city-wide financial centre concept proves that working with cities to help implement these financial centres powered by our platform is a great way to expand Peak's services across the country.”
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The fintech service provider to the Chinese commercial lending sector helped launch a similar project in the
Jiangyin Financial Centre, earlier this year, the Nanjing Financial Centre's objective will be to make loans and credit more accessible to the city's 620,000+ small and medium sized businesses, particularly those involved in the supply chain.
FULL DISCLOSURE: Peak Positioning Technologies Inc. is a client of Stockhouse Publishing.