- February 19, 2020
- Posted by: John Arcena
- Category: Blog articles
Peak’s (CSE: PKK) commercial lending platform called the Cubeler Lending Hub has the potential of becoming one of the largest of its kind in China. Fueled by artificial and business intelligence, analytics and other compelling features such as qualifying loans for banks and other lenders, this unique platform is allowing small to medium-sized businesses, typically struggling to find money, to obtain funding for their growth.
The platform allows lenders to list their loan criteria while borrowers give the platform access to their data to see if they match the lenders’ criteria. With nearly a dozen lenders already registered and eager to finance small businesses, it is not surprising that the Company’s revenues have climbed tremendously since first sales were reported in late Q2 2018, less than 21 months ago. Peak had forecasted YE 2019 at $9.3 million.
With the coronavirus impacting virtually every business in China, the Company reduced their previous forecast for 2020 and beyond accordingly, however, it is still optimistic about the year ahead.
Here are the projections for the next 3 years.
| 2020 | 2021 | 2022 | |
| Revenue | $40,000,000 | $55,000,000 | $80,000,000 |
| EBITDA | $4,000,000 | $22,000,000 | $55,000,000 |
We believe they are achievable since last year marked only the first full year of operations, so this year there will be a large portion of recurring revenue, given loan terms average under 12 months. $18M is a good base on which to build additional revenue opportunities stemming from the new Jinxiaoer platform acquisition and strong organic growth powered by new partnerships and new sizeable lenders.