Marble Financial Inc.'s Profile

Marble Financial Inc.
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MRBL
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Marble Financial Inc.'s Bulletin

VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) ("Marble" or the "Company"), an AI-driven financial technology company that educates and helps consumers better understand and manage their current cash flow and credit towards a better financial future, is pleased to announce a licensing agreement with Konect Ai to supply over 50 automotive dealerships and their customers direct access through Marble Connect to Marble’s proprietary financial wellness platform, MyMarble. Connect is Marble’s new and innovative B2B white-label integration product that provides a customized, AI-driven personal finance solution that connects the MyMarble platform into the partner’s customer journey and product offering. It offers consumers their free credit score, financial health report, real-time plans, and recommendations to make a positive impact on their overall finances to gain access to their company's financial products and services. Konect Ai, a leader in automotive artificial intelligence lead scoring, integrates with over 50 automotive businesses across Canada to help validate and engage over 10,000 monthly customers looking to purchase a new or used vehicle. This is achieved through utilizing its technology to streamline and automate the sales process to maximize conversions and long-term customer advocacy. Statistics Canada recently reported a 25% increase in new car sales for June, 2021 1 , as well as data from Transunion showing that consumer credit inquiries rose over 5% 2 . These positive numbers present a powerful growth projector for both Marble and Konect Ai as the demand for detailed insight on buying power and creditworthiness is more than ever critical during the customer journey. Marble Connect will automatically enroll all 10,000+ monthly customers coming through Konect Ai integrations into MyMarble to provide its automotive partners with a comprehensive financial overview and likelihood of approval using its proprietary risk scoring and analysis. Marble Connect will also aid in establishing long-term brand loyalty by empowering customers through MyMarble’s programs, guidance, and tools to achieve the credit score, debt, and budget targets required for approval or improved interest rates in the future. “Our latest partnership with Konect Ai is going to completely transform how automotive businesses manage and nurture their customers to achieve their goal of car ownership through a personalized and premium experience, no matter their financial history,” says Doug Tanner, Marble’s VP of Business and Corporate Development. “We are extremely excited to be introducing Marble Connect with a fellow technology-focused leader and as we’ve witnessed at Marble the utilization of artificial intelligence is the most effective way to provide a quality and effective solution for our partners and customers, a goal that both Marble and Konect Ai aim to achieve, respectively.” "At Konect Ai, we are now working with over 50 automotive partners that collectively generate hundreds of thousands of new customers every year. We've discovered that many of their customers need some form of guidance and assuredness when it comes to their overall financial health,” says Paul Lehal, Konect Ai CTO. “Our latest engagement with Marble is extremely exciting for us. It now empowers our partners to continue to leverage Konect Ai's industry-leading technology but now with the added value of real-time financial tools and education to help their clients improve their financial standing.” Under the terms of the agreement, Marble will receive monthly fees from Konect Ai for new customers that engage with the cobranded API solution through its dealership network. About Konect Ai. Over the past 10 years, we have developed our Konect Ai software and grown our team. Building something as a team teaches your employees to work together, collaborate, share, trust, and grow together. To this day we have put together the best team of custom coders, graphic designers, data collectors, management, content writers and content creators. We have had the time to study the markets and perfect the lead generation business. The software we have created has not only provided our clients with success, but it has also brought success to our incredible team. For more information about Konect Ai please visit: https://konect.ai/ About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) Marbles’ proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Inverite, Score-Up, Fast Track, Maestro and Connect to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score, since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the MyMarble Platform. For further information about Marble Financial, please visit: https://mymarble.ca Mike Marrandino, Executive Chairman T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca (1) Source: https://www.ctvnews.ca/business/statistics-canada-says-manufacturing-sales-rose-in-june-while-wholesale-sales-fell-1.5548632 (2) Source: https://betterdwelling.com/canadian-subprime-credit-inquiries-slow-but-still-the-biggest-segment-transunion/ NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Caution Regarding Forward-Looking Information This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words beliefs, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Marble, are forward-looking and involve risks and uncertainties. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.    
  Vancouver, BC - TheNewswire - September 01, 2021 - Marble Financial Inc. (C NSX :MRBL .CN) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” or the “Company”), an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, announces interim consolidated finances statements (the “Interim Financial Statements”) and management’s discussion and analysis (“MD&A”) for Q2 2021, representing the three months ended June 30, 2021. Copies of the Interim Financial Statements and MD&A are available on the Company's website and profile on SEDAR . “The second quarter of 2021 was an extremely strategic period to help shape the growth of Marble. Building Canada’s most advanced virtual financial wellness solution, MyMarble, we have further expanded the reach of our services to millions of Canadians through key partnerships and acquisition,” said Karim Nanji, Marble CEO. “The groundwork we have completed behind the scenes, along with the acquisition of Inverite , our B2B bank verification and risk scoring SaaS solution, paves the way for continual user growth and revenue for the balance of the year and beyond. Inverite has helped Marble accelerate larger key partnerships that we expect to close and announce throughout the balance of the year.” Financial Highlights - Marble’s total revenue for the three- and six-months ending June 30, 2021 over the same periods in 2020 were $269,910 and $453,368, an increase of 206% and 160% respectively. - Accelerating its MyMarble subscription revenue, Marble achieved quarterly revenue of $78,265 in Q2 2021, compared to $44,098 in the same period in 2021, an increase of 77%. - Marble generated interest revenue from its Fast-Track loan portfolio of $167,993 in Q2 2021 (2020 - $185,948). The decrease is primarily due to a lower number of consumer loans outstanding during the period. The Company anticipates with the $10 million credit facility agreement entered into with Cypress Hills Partners Inc. that it will be able to re-start its Fast-Track loan program. - Inverite, acquired on April 12, 2021, generated $125,298 in Q2 2021 (2020 - $nil) of verification fees from its data verification technology. - Marble administration costs during Q2 2021 were $495,094 (2020 - $146,451) which increased from the prior year due to the growth of the operations, including the operations of Inverite acquired in April 2021, as the Company works on expanding its product offerings. Administration costs are largely comprised of office expenses, loan issuance costs, computer and technology expenses, telephone and utilities. - Marble incurred a net loss of $1,199,349 for the three months ended June 30, 2021 (2020 – $824,762). The increase in the loss is primarily due to increased operating expenses as the Marble incurred increased administrative costs to facilitate the growth of operations. Business & Operation Highlights - Net new MyMarble members of approximately 2920, up average 5.34% month over month; total members reached 20,209 at quarter-end. - Inverite’s monthly transaction volume has increased from 61,992 in April to 70,529 in June, with an average transaction volume increase of 6.68% month over month. - Inverite’s artificial intelligence (“AI”) and machine learning has accumulated financial data on over one million Canadians for its proprietary risk scoring offered to its clients. - MyMarble’s Financial Literacy Platform Marble Learn saw new course enrollments of approximately 1,100, increasing the total enrollments by 55%. Strategic Initiatives & Subsequent Events - In April 2021, Marble closes the acquisition of Inverite . - In April 2021, Marble further expands its affiliate program with Fintel Connect gaining access to its 1,200+ publisher network to increase qualified lead generation. - In April 2021, Marble launches a performance marketing program with 55Rush and its Parent Life Network. - In May 2021, Marble expanding its product offerings on the MyMarble Platform with the launch of a GIC Savings Loan with Jenson Graf Risk Management Inc. - In May 2021, Marble’s subsidiary, Inverite announces product and security enhancement compliance with SOC 2 Type 1 Standards. - In June 2021, Marble announces its first digital API integration ( Marble Connect ) with Nuborrow. - In June 2021, Marble launches a new Marketing program with Venngo as its first financial wellness technology solution provider, reaching over one million consumers. - In June 2021, Inverite enters a data verification engagement with one of Canada’s largest powersport financing companies. Outlook 2020 was an extremely productive and metamorphic year for Marble’s business and projected financial position. With extensive technological development, substantial partner growth opportunities, and data acquisition for new net user growth and conversion, sets a solid foundation towards profitability. Marble expects to continue its investment in technological and user growth investments to spearhead substantial member and revenue growth for the balance of this year and beyond. Marble will directly focus on: - A continued increase in new Marble members additions. - Accelerated growth in business-to-business service revenue. - Increase in revenue through Marble Connect and Resellers including the subscription as an add-on to their own products. - Expansion plans to enter the US Market in Q4 2021. About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) Marbles’ proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Inverite, Score-Up, Fast Track and Maestro to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score, since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the MyMarble Platform. For further information about Marble Financial, please visit: https://mymarble.ca Mike Marrandino, Executive Chairman T:(855) 661-2390 ext. 104   Email: ir@marblefinancial.ca NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Caution Regarding Forward-Looking Information This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Marble, are forward-looking and involve risks and uncertainties. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. Copyright (c) 2021 TheNewswire - All rights reserved.  
  Vancouver, B.C. - TheNewswire - August 27, 2021 - Marble Financial Inc. (CSE:MRBL ) ( OTC:MRBLF ) ( FSE:2V0) (CNSX:MRBL.CN) (“Marble” or the “Company”) an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future , wishes to advise that all $1,303,000 in principal amount of Convertible Debentures (“CD’s”) issued on April 07, 2021 and expiring July 07, 2022 (see News Release dated April 08, 2021) have been extended to December 31, 2022. Upon conversion, the term of the underlying warrants has also been extended from January 07, 2023 to June 30, 2023. The Company has also granted 25,000 stock options under the company's stock option plan to an employee. These options are exercisable at $0.17 and have a term of five years. About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) Marbles’ proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Inverite, Score-Up, Fast Track and Maestro to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score, since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the MyMarble Platform. For further information, please visit the company’s website at: http://mymarble.ca Mike Marrandino, Executive Chairman T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Caution Regarding Forward-Looking Information This release contains "forward-looking information" as such term is used in applicable Canadian securities laws. The use of any of the words "target", "plans", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Such forward-looking information is based on management's expectations and assumptions, including statements relating to the Company's business, operations and development plans. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including but not limited to, that the Company's financial condition and development plans do not change as a result of unforeseen events, current economic trends, and that the Company will receive all required regulatory approvals, including Canadian Securities Exchange approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include general economic, market or business conditions; changes in the Company's financial condition and development plans; and other risks and uncertainties as set forth in the Company's most recent continuous disclosure filings filed under the Company's profile at www.sedar.com .  Although the Company has attempted to take into account important factors that could cause actual costs or results to differ materially, there may be other factors that cause actual results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. Copyright (c) 2021 TheNewswire - All rights reserved.  
  MARBLE FINANCIAL FEATURED ON THE TORONTO STAR Vancouver, BC. August 14, 2021 – Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) (“Marble” or the “Company”), an AI-driven financial technology company that educates and helps consumers better understand and manage their current cash flow and credit towards a better financial future, is pleased to announce it had been featured in a recent article on the Toronto Star. In the article published on August 9th, 2021, Marble CEO Karim Nanji speaks about the risks to car buyers and how they can best prepare their personal finances to avoid high-interest rates when purchasing a new vehicle.  You can read the full article here. Mike Marrandino,Executive ChairmanT:(855) 661-2390 ext. 104Email: ir@marblefinancial.caAbout The Toronto Star - Founded in 1892, the Toronto Star has long been Canada’s largest daily newspaper. Now a multi-platform news organization, the Star publishes a newspaper seven days a week in the Greater Toronto Area and publishes ongoing news and information to a global audience on thestar.com on web and mobile applications.For further information, please visit https://www.thestar.com/ About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) Marbles’ proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Inverite, Score-Up, Fast Track, Learn and Connect to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score, since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the MyMarble Platform.For further information, please visit the company’s website at http://mymarble.ca