- Tenet Fintech (PKK) announced its expansion into North America with the launch of the Cubeler Business Hub in Canada
- It has almost 5,000 pre-registered small and medium-sized enterprises (SMEs)
- Tenet is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence companies
- Tenet Fintech Group Inc. (PKK) is up 3.09 per cent, trading at C$1.00 per share at 1:31 pm ET
Tenet Fintech (PKK) announced its expansion into North America with the launch of the Cubeler Business Hub in Canada.
It has almost 5,000 pre-registered small and medium-sized enterprises (SMEs). Six financial institutions, including a Canadian chartered bank, were already members of Cubeler when it launched in Canada on November 30th. Cubeler expects that number to grow steadily over the next several months.
The Cubeler Business Hub helps SME owners and decision-makers unlock their businesses’ growth potential. It provides access to credit and funding options, access to strategic market insights, networking opportunities with other SME decision-makers and the creation of highly-targeted advertising campaigns to promote their products and services.
Johnson Joseph, CEO of Tenet, commented on the news.
“The Business Hub empowers SME decision-makers by eliminating business-related obstacles and bringing them powerful AI and analytics-based solutions to help them thrive while providing compelling value for partners. With almost 5,000 pre-registered SMEs across Canada, we are very pleased with the level of interest for the Business Hub in the Canadian market so far.”
Cubeler is based on the belief that data and analytics will be used to automate various aspects of B2B transactions. The platform offers members access to four key pillars to be launched in phases.
The initial pillar, Cubeler Financing, was launched on November 30th. It is an innovative credit marketplace that first uses analytics to match SMEs with financial institutions. It will later use AI to help the platform’s lending partners minimize credit risk and become better lenders. The service allows SMEs to compare and select pre-qualified credit options from participating lenders.
The Cubeler Business Hub’s other pillars are Cubeler Insights, Cubeler Advertising, and Cubeler Networking. The company expects to roll these out in early 2023.
Tenet is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence companies.
Tenet Fintech Stock is up 3.09 per cent, trading at C$1.00 per share at 1:31 pm ET.
