Peak Records First Transactions Related to Agreement with Packaged Foods Distributor "BJM"
Retrieved on:
Monday, January 25, 2021
Montreal, Quebec--(Newsfile Corp. - January 25, 2021) - 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 recorded the first series of transactions related to the Company's agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. ("BJM").
Key Points:
- Montreal, Quebec--(Newsfile Corp. - January 25, 2021) - 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 recorded the first series of transactions related to the Company's agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. ("BJM").
- The agreement between Peak and BJM was announced in November 2020 and ties into a program whereby Peak's Lending Hub platform is to bring financing solution to product distributors and their client.
- BJM, which has more than 250,000 retail clients, was the second distributor to sign on to the program.
- Peak earned service fees amounting to 240,000 RMB (about CAD$47,000) related to the transactions.