16:48:18 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Subscribe Technologies Inc
Symbol SAAS
Shares Issued 27,877,670
Close 2017-09-18 C$ 0.045
Market Cap C$ 1,254,495
Recent Sedar Documents

Subscribe Technologies creates LenderTech website

2017-09-19 10:06 ET - News Release

Mr. Paul Dickson reports

SUBSCRIBE TECHNOLOGIES ANNOUNCES THE PRE-LAUNCH OF FINTECH SERVICE LENDERTECH.COM

Subscribe Technologies Inc. has developed the LenderTech website, a cloud-based software-as-a-service loan management utility for banks, financial institutions, mortgage lending facilitators and more specifically; the microfinance lenders.

In 2017, the market for microfinance investments in micro, small and medium enterprises, as well as the provision of financial services to those businesses, is projected to grow by an average of 10 per cent to 15 per cent, the highest growth rate is expected in Asia Pacific, driven by developments in India and strong growth in the region. Globally, the private sector alone invests an estimated $10-billion (U.S.) in microfinance.

Subscribe Technologies' LenderTech platform is designed to service the growth within the international fintech microfinance sector by offering an easy-to-use cloud-based loan management system that keeps track of borrowers, loan approvals, payments and missed payments, accrued interest, human resources, and dozens of other features.

The LenderTech website has been in development by the Subscribe Technologies team for the past six months and plans to officially launch the service in beta imminently.

President and chief executive officer Paul Dickson states: "In line with our strategy to acquire and develop business related SaaS operations, identifying and researching the microfinance sector led to the initial interest in offering a loan management platform without adding additional overhead to our daily operations. I believe we'll see client adoption of LenderTech postlaunch and see it being one of our profitable assets moving forward."

About Subscribe Technologies Inc.

Subscribe Technologies develops and acquires software-as-a-service (SaaS) businesses and in turn operates, manages and markets the service. Subscribe Technologies' flagship product is the bContact website, a cloud-based SaaS business offering small and medium sized companies access to a fully integrated set of business management tools.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.