Peak Fintech - FinTecBuzz

Peak Fintech Acquires Minority Stake in China UnionPay Subsidiary

July 30, 20214 min

Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has acquired a minority stake in China UnionPay subsidiary Rongbang Technology Ltd. (“Rongbang”). Earlier this year, Peak signed an agreement with Rongbang that allows Peak to use the China UnionPay network to provide fund transfer and payment settlement services within its Lending Hub ecosystem. After working closely with Rongbang (https://www.masget.com/) to connect to...

by PRNewswire

Banking

Peak Fintech Acquires Banking AI Software Provider Zhongke

July 27, 20215 min

Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced a major step in its pending acquisition of banking artificial intelligence software provider Zhongke Software Intelligence Ltd. (“Zhongke”) with the transfer of Zhongke IP to a Peak-controlled subsidiary. Peak originally announced its intention to acquire Zhongke back in December 2020 with the signing of a memorandum of understanding (“MOU”). The signing of the MOU was...

by PRNewswire

Financial Software

Peak Fintech Releases Revenue and Earnings Guidance

July 21, 20218 min

Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today released its revenue, EBITDA and earnings guidance for the years 2021, 2022 and 2023. “We’re very pleased to inform our shareholders that our recent capital raise has secured our ability to meet short-term objectives set by the Company both in terms of development and revenue growth,” said Peak CEO Johnson Joseph. “While expecting...