CHINA BASED FINTECH DELIVERING MASSIVE SMALL BUSINESS LENDING USING AI

Tenet First Quarter 2023 Financial Results: Revenue of $9.49M

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Tenet Fintech Group Profile

Fintech Company Using AI-Powered Platform to Make Chinese Commercial Lending System More Efficient for Small Businesses and Lenders

Tenet’s Lending Hub Ecosystem Is THE Solution

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  •   Lending Hub Solves These Problems
    • Small Businesses Join for Free. Upload Financials, Profile and Specific Lending Needs 
    • Lenders Join for Free and Enter Specific Lending Criteria
    • Lending Hub Artificial Intelligence and Analytics Matches Small Business with Right Lender
    • Both Lenders and Business Join For Free.  Tenet Earns Service Fees From 1-3% Of Loans
  • Maximum Efficiency For All Parties In The Ecosystem
    • Small Businesses - Infinitely Faster Financing, 95% Less Effort
    • Lenders - Deals come to them already qualified. Lower risk, faster growth.
    • Loan Brokers - Less time generating leads, reduced bad leads, higher total commissions

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HOW BIG IS THE CHINESE LENDING MARKET?

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Tenet Final 2022 Financial Results

 

Tenet Last Releases

  • Tenet Closes Second Tranche of Private Placement of up to CAD$7M Non-Secured Convertible Debenture Financing Ahead of Pending Prospectus Offering

 

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Tenet Fintech Growth & Expansion Financial Centers

  • Teaming up with municipalities to create commercial lending financial centers where the cities banks and lending institutions use the platform to foster business and lending activity in the cities.
  • Just signed its second city and expects others to follow. 

Jiangyng

  • The first city, signed in September 2020, is Jiangyng who created a commercial lending financial center to foster business in the city.
  • This center is comprised of 30 banks, eight insurance companies, and three investment funds.
  • Tenet is providing its Lending Hub platform to link the city’s more than 200,000 micro, small, and medium-sized businesses to loan and credit offers from these banks. Tenet earns a service fee ranging from 1% to 2.5% of all loans granted through the Financial Center. 
  • Tenet expects revenues generated from this center to grow steadily over the next few quarters.

Nanjing

  • Similar to the Jiangyin Financial Center, its objective will be to make loans and credit more accessible to the city's 620,000+ small and medium sized businesses. 
  • Tenet won this deal through open bidding against 42 other tech companies throughout Jiangsu province.
  • It was told it won because of its platforms user-friendly interfaces and its on-going credit risk evaluation and monitoring capabilities.
  • Tenet has since signed an official agreement with the city and the project is underway.

Why The Power Of The Tenet Fintech Platform Is Limitless

  • Creating City-Based Ecosystems, Throughout the Country and Potentially Beyond
  • Creating Industry-Specific Ecosystems

What Value Does This Bring To Small and Medium Sized Enterprises?

  • Free to sign up
  • Saves time on research and application process
  • Tenet brings lenders directly to the SME
  • Significantly increases chances of getting funded
  • Pre-qualify for credit to be later drawn at anytime
  • Several options from a variety of lenders.

How Does This TENET Platform Benefit Banks and Lending Institutions?

  • No need to search, qualified clients are presented to the institution
  • Instantly qualify clients based on specific lending criteria
  • Minimize lending risk
  • Helps grow loan portfolio

How Does This Platform Benefit Loan Brokers

    • Minimize wasted leads
    • Less time required gathering data and building files

 

Last changed at 10-Jul-2023 02:35PM by AGORACOM-AC