Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Tenet Fintech Group Inc. (C:PKK)

Business Focus: Financial Technology (Fintech) (NEC)

Sector:  Technology Industry:  Financial Technology (Fintech)
 
See Regulatory Filings on SEDAR
Company Contact
Address: 550 Sherbrooke West, Suite 265
MONTREAL QC H3A 1B9
Tel: N/A
Website: https://tenetfintech.com
IR: See website
Key People
Johnson Joseph
President, Chief Executive Officer, Director
Jean Landreville
Chief Financial Officer
 
Business Overview
Tenet Fintech Group Inc., formerly Peak Fintech Group Inc., is a Canada-based financial technology company. It 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.
Financial Overview
For the six months ended 30 June 2022, Tenet Fintech Group Inc revenues increased 50% to C$67.2M. Net loss increased from C$785K to C$9.9M. Revenues reflect Other segment increase from C$114K to C$546K. Higher net loss reflects Cost of service increase of 49% to C$59.2M (expense), Salaries and fringe benefits increase from C$1.4M to C$5.1M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $144.09M as of Jun 30, 2022
Annual revenue (TTM): $125.92M as of Jun 30, 2022
EBITDA (TTM): $1.48M as of Jun 30, 2022
Net annual income (TTM): -$58.82M as of Jun 30, 2022
Free cash flow (TTM): -$46.84M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 99,215,183 as of Aug 9, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization