Quebec-based Peak's China Subsidiary to Finance Auto Loans

Montreal-headquartered Peak Positioning Technologies Inc.'s Chinese subsidiary, Asia Synergy Data Solutions (ASDS), has completed the first transaction related to an agreement between ASDS and China Auto Industry Development Ltd. (CAID) whereby CAID would use the Cubeler commercial lending platform managed by ASDS for purchase order financing. Peak Positioning is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing. Cubeler is a Montreal-headquartered commercial lending platform that matches any business looking for credit with a variety of lenders. Peak has an exclusive license to commercialize Cubeler in China and earns interest and/or a service fee, through its operating subsidiaries, on all transactions conducted on the platform in that market.

Use 'AND' or 'OR' to refine your search.

Use quotes " " to get exact matches or remove them to get more results.