Tenet Fintech Group Inc
CNSX:PKK
Tenet Fintech Group Inc
Tenet Fintech Group, Inc. is an information technology portfolio management company, which engages in assembling, financing, and managing a portfolio of companies and assets in some of the tech sectors. The company is headquartered in Montreal, Quebec. The company went IPO on 2015-10-23. The company operates in China’s commercial lending industry through its subsidiaries. Its subsidiaries include Asia Synergy Financial Capital (ASFC), Asia Synergy Data Solutions (ASDS), Asia Synergy Credit Solutions (ASCS), Asia Synergy Supply Chain Technology (ASSC), Jin Xiaoer, and Asia Synergy Information Technology (AST). ASFC provides commercial loans to small and micro business owners and uses the business owners vehicles as collateral to secure the loans. ASDS is engaged in management and maintenance of Tenet’s Cubeler Lending Hub platform, which provides commercial lending to small, medium and micro businesses. ASCS provides loan serving solutions to banks and specialty lenders. ASSC provides logistics, warehousing, and other supply-chain related services to Jiangyin manufacturers and their clients and suppliers. Jin Xiaoer is a platform designed for loan brokerage companies.
Tenet Fintech Group, Inc. is an information technology portfolio management company, which engages in assembling, financing, and managing a portfolio of companies and assets in some of the tech sectors. The company is headquartered in Montreal, Quebec. The company went IPO on 2015-10-23. The company operates in China’s commercial lending industry through its subsidiaries. Its subsidiaries include Asia Synergy Financial Capital (ASFC), Asia Synergy Data Solutions (ASDS), Asia Synergy Credit Solutions (ASCS), Asia Synergy Supply Chain Technology (ASSC), Jin Xiaoer, and Asia Synergy Information Technology (AST). ASFC provides commercial loans to small and micro business owners and uses the business owners vehicles as collateral to secure the loans. ASDS is engaged in management and maintenance of Tenet’s Cubeler Lending Hub platform, which provides commercial lending to small, medium and micro businesses. ASCS provides loan serving solutions to banks and specialty lenders. ASSC provides logistics, warehousing, and other supply-chain related services to Jiangyin manufacturers and their clients and suppliers. Jin Xiaoer is a platform designed for loan brokerage companies.
Revenue Growth: Peak more than doubled its revenue from Q1 to Q2, reaching $30 million, driven by strong supply chain financing activity and new programs with major partners.
First Net Profit: The company reported its first quarterly net profit, a significant milestone, with $296,000 in net profit (or $100,000 excluding a one-time gain).
Margin Improvement: Supply chain service fee margins rose to 5.5% from 2.5% in the prior quarter, reflecting efficiency gains and business mix changes.
Expanding SME Base: The Business Hub has grown to over 70,000 small businesses, with a target of 100,000 by the end of September, fueled by new partnerships and onboarding.
Key Partnerships: Business with JD.com and the launch of payment processing with Rongbang Technology/UnionPay provided significant Q2 boosts.
NASDAQ Listing: Management expects to announce a NASDAQ listing soon, with the process nearly complete as of the call.
International Expansion: Plans are underway to enter major markets including the US, UK, France, and Brazil, starting with Cubeler in Canada.
