Tenet Fintech loses $3.37-million in Q1

Executive Summary

• Tenet Fintech Group Inc. reported Q1 2025 revenue of $179,161 and a net loss of $3.37 million, with operating cash flow negative $1.21 million.
• The company closed a non‑brokered private placement financing raising gross proceeds of $3,649,167.
• Strategic partnership agreements were signed with Bankeo and three additional accounting/bookkeeping service providers to expand SME coverage across major North American markets.

Key Details

• Revenue: $179,161 for the quarter ended March 31, 2025.
• Net Loss: $3,372,597 (approximately $3.37 M).
• Cash Flow from Operations: –$1,210,000 (negative).
• Financing: Closed a non‑brokered private placement for gross proceeds of $3,649,167.
• Strategic Partnerships:
• Signed partnership with Bankeo, a platform serving >1,500 accounting professionals.
• Launched limited version of the ie‑Pulse macroeconomic data index tied to the Canada Professional, Scientific and Technical Services Sales Index.
• Added Uncapped Technologies Inc. as a lender on the Cubeler business development platform for UK, US, and Canada markets.
• Executed agreements with three new accounting/bookkeeping service providers covering SMEs in Montreal, Toronto, Vancouver, Calgary, New York, Los Angeles, Miami, Dallas, Chicago, Houston, Las Vegas, and Seattle.
• Q&A Invitation: CEO Johnson Joseph will field shareholder questions on the Q1 results; submissions due by 9 p.m. EDT on Oct. 8, 2025, with the interview to be posted by 5 p.m. EDT on Oct. 10, 2025.

Notable Quotes

• “Our first‑quarter performance reflects both the challenges of scaling our platform and the significant progress we are making through strategic partnerships and new financing,” said Johnson Joseph, CEO.