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Peak Fintech (CSE:PKK) engages MZ Group to lead investor relations, shareholder communication programs

Technology
CSE:PKK
26 March 2021 14:00 (EDT)

Peak Fintech Group (PKK) is hiring MZ Group to lead its strategic investor relations and shareholder communication program.

Peak Fintech Group is a Fintech service provider to the Chinese commercial lending sector.

Specialists in international investor relations, MZ Group will lead a comprehensive strategic investor relations and financial communications program across all key markets for Peak Fintech.

MZ Group will work with Peak management to “develop and implement a comprehensive capital markets strategy designed to increase the company’s visibility across the investment community ahead of Peak’s anticipated listing on the Nasdaq Stock Market,” according to Peak management.  

“Peak’s innovative ecosystem provides access to all data on small businesses that would be required by any lender to qualify the business for credit, including from their accounting software and bank statements.

Leveraging artificial intelligence to analyze lending criteria allows Peak to match small businesses with multiple lending institutions, and therefore, increase the likelihood of funding while also minimizing risk for lenders by providing pre-qualified leads.

The company has seen wide adoption of its platform in China, and we look forward to sharing Peak’s solid position and aggressive expansion plan with our wide network of institutional investors and family offices,” said MZ Group North America President and Chairman Ted Haberfield.

The initial agreement is for a twelve-month term with a review after six months. MZ Group will receive a monthly fee of US$10,000 and options to purchase 110,000 common shares of Peak.

Peak Fintech Group down 1.40 per cent on the day, with shares of the company trading at C$2.82 at 1:56 pm ET.

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