Marble Financial enters a definitive credit facility agreement with CHP Agent Services

At a Glance

Marble Financial, an AI-based financial solution business, has inked a formal credit facility agreement with CHP Agent Services Inc. Under the Credit Agreement, Marble will receive a $10 million credit facility through its wholly-owned Special Purpose Vehicle (SPV) subsidiary. 


Marble Financial Inc., an AI-based financial solution company, has announced its definitive credit facility agreement with CHP Agent Services Inc., a subsidiary of an independent, non-affiliated Canadian-based alternative specialty lender, Cypress Hills Partners Inc.  

The Credit Agreement provides Marble with a $10 million credit facility through its wholly-owned Special Purpose Vehicle (SPV) subsidiary. TPFM serves as the servicing agent for the SPV loan portfolio’s origination, adjudications, administration, and monitoring.

Marble’s heritage financial wellness Fast-Track program will be re-engaged via the Credit Facility. By abandoning their Consumer Proposal and beginning their road back to mainstream financial inclusion, the Fast-Track program helps qualifying Canadians expedite their credit restoration process. 

This Credit Agreement enables Marble to continue its growth strategy of providing personal finance and credit wellness technology solutions to the millions of underbanked Canadians who are financially marginalized by originating, adjudicating, and servicing the loan portfolio through the Company’s proprietary MyMarble platform. 

Marble’s Fast-Track program, in combination with MyMarble, has been proved to be an effective solution for this huge group of goal-oriented Canadians who have recently been bankrupt or filed for a consumer proposal as a result of a permanent condition of low-income. 

Marble will continue to originate and adjudicate the Fast-Track program using its patented MyMarble Platform, administer the SPV loan portfolio, and generate net interest and other revenues, including insurance, administration fees, and SaaS revenue wholly-owned subsidiary, TPFM.

At Marble, our mission is to nourish confidence in Canadians to redefine their financial outlook. This Credit Agreement enables Marble to continue looking forward to empowering more financially challenged Canadians back to the mainstream economy. The re-commencement of the Fast-Track program is both significant and timely given the current economic circumstances facing Canadians. We are encouraged that CHP believes in our business strategies and has the confidence in our management team to execute on it.

Karim Nanji, Marble CEO

We believe the re-engagement of the credit wellness Fast-Track program by Marble is very well-timed. Cypress Hills looks forward to a long partnership with the Marble as they disrupt the financial wellness space in Canada.

Kelly Klatik, a managing partner of Cypress Hills Partners
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