Purpose Financial Announces the Acquisition of CreditGenie Inc.

TORONTO, May 27, 2019 (GLOBE NEWSWIRE) -- Purpose Financial ("Purpose") today announced the acquisition of CreditGenie Inc. (“CreditGenie”, or the “Company”), a Canadian technology company that aims to disrupt the point-of-sale financing experience for merchants and consumers. CreditGenie, based in Toronto, was founded in 2016 by entrepreneurs Alex Kaplunov and Daniel Shain. The Company supports Canadian small and medium-sized businesses by providing a fully digital alternative payment solution, enabling their customers to increase purchasing power through instant credit adjudication at the point-of-sale. Since its founding, the Company has grown significantly, partnering with nearly 500 merchants across a broad range of industries, in 12 Canadian provinces and territories.

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