Vancouver, B.C – TheNewswire – Feb 02, 2021 – Marble Financial Inc. (CNSX:MRBL.CN) (OTC:MRBLF) (FSE:2V0) (“Marble” or the “Company”) a financial technology company that empowers Canadians’ toward a positive financial future, is pleased to announce that it has a referral agreement with Smarter Loans offering their customers Marble’s AI-driven financial wellness SAAS platform, MyMarble.
Marble, a leading financial technology innovator, is expanding its engagement with Smarter Loans, a company that helps Canadians make smarter financial decisions through innovative products such as Marble’s AI-based software products on the MyMarble platform. Smarter Loans is one of Canada’s largest loan and financial directories where every day, thousands of Canadians make smarter financial decisions, where they can learn about money matters and browse over 100 of Canada’s top financial companies. Exposure to Smarter Loans’ engaged customer base presents another new growth channel of opportunity for Marble to empower Canadians using its holistic personal finance fintech solution that provides precise expert curated recommendations, insights, and financial literacy.
According to Smarter Loans’ 2020 State of Fintech Lending in Canada Study, Canadians have stayed home longer, and the adoption of fintech products has accelerated dramatically with 71% of respondents indicated that they now manage more of their finances online than 12 months ago. This data has further cemented a need for a holistic and online financial wellness platform like MyMarble to offer them the solutions they are seeking.
This engagement will utilize advocation through Smarter Loans’ exclusive and proprietary marketing channels, industry experts, video producers, best-selling authors, nationally published journalists and writers. MyMarble will now reach a large demographic of Canadians that visit Smarter Loans to discover Canada’s most innovative financial products and brands. The engagement will give more Canadians access to MyMarble’s platform, offering AI-powered recommendations, credit monitoring, coaching and budgeting technology to consistently boost their credit score.
“We are very pleased to be further expanding our engagement with Smarter Loans by offering the MyMarble platform to the Smarter Loans audience is fantastic for us,” says Marble Director of Marketing, Rich Elliott. “Smarter Loans are leaders in providing ethical and sustainable financial lending options for Canadians, something we also feel strongly about. This engagement further propels us in achieving our mission of connecting the underserved to the financial future they deserve.”
“At Smarter Loans our goal is to help Canadians make smarter financial decisions, and for most people it means understanding their personal financial situation, discovering ways to impact it positively, and taking action to achieve their financial goals.” Said Vlad Sherbatov, President, Smarter Loans. “MyMarble’s
platform and products make it easy for Canadians to take that first step towards financial well-being. We are very excited to team up with MyMarble and continue building on our already strong relationship.”
The Company is also pleased to announce the closing of its non-brokered private placement (the “Placement”). Marble issued 2,000,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $500,000.
Each Unit is comprised of one common share of the Company (“Shares”) and one-half of one non-transferable warrant, with each whole warrant (each a “Warrant”) being exercisable to purchase a further Share at a price of $0.35 for a period of 12 months following the closing date, subject to accelerated expiry if the common shares of the Company trade or close at a price of $0.45 or more for 10 consecutive trading days on the Canadian Securities Exchange (“CSE”).
Pursuant to the closing of the Placement, directors, officers, employees and consultants of the Company purchased 900,000 Units.
The proceeds from this financing will be used for marketing and general working capital. There is no material fact or material change about the Company that has not been generally disclosed.
The participation by the directors in the Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special…