CHINA BASED FINTECH DELIVERING MASSIVE SMALL BUSINESS LENDING USING AI
Tenet First Quarter 2023 Financial Results: Revenue of $9.49M
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
- 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
HOW BIG IS THE CHINESE LENDING MARKET?
Tenet Final 2022 Financial Results
Tenet Last Releases
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