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Tenet's Cubeler Business Hub Adds NewCo Capital Group to Its Growing List of International Financial Partners
Newsfile· 2025-04-25 11:35
Core Insights - Tenet Fintech Group Inc. has partnered with NewCo Capital Group to enhance financing options for members of the Cubeler® Business Hub [1][2] - NewCo Capital Group is part of a multinational collaboration that has deployed over $2 billion to more than 45,000 businesses globally [2][9] - The partnership aims to provide fast and flexible working capital solutions to small and medium-sized businesses in Canada [3][4] Company Overview - Tenet Fintech Group Inc. operates the Cubeler® Business Hub, which leverages analytics and AI to facilitate B2B transactions [8] - NewCo Capital Group specializes in alternative commercial financing, offering tailored funding solutions with a focus on technology [2][9] Partnership Details - The referral agreement allows NewCo to integrate its financing products into the Cubeler Business Hub, streamlining access for qualified business clients [1][2] - NewCo's offerings include a "Line of Capital" product, providing up to CAD 2,000,000 in funding, and loans exceeding CAD 500,000 [2][4] - The partnership emphasizes a hands-on approach to understanding and addressing the unique challenges faced by Canadian businesses [3][4] Market Impact - The collaboration is expected to enhance the ability to deliver capital to Canadian entrepreneurs, thereby supporting economic growth [3][4] - NewCo's capacity to provide capital to businesses in Asia could add significant value for members of the Business Hub once cross-border functionalities are enabled [7]