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Propel Holdings Inc PRLPF


Primary Symbol: T.PRL

Propel Holdings Inc. is a Canada-based financial technology (fintech) company. The Company’s operating brands include Fora Credit, CreditFresh and MoneyKey, and its lending-as-a-service product line facilitates access to credit for consumers underserved by traditional financial institutions. Through its innovative artificial intelligence (AI)-driven platform, the Company evaluates customers in a more comprehensive way than traditional credit scores can. The Company enables access to credit through two types of credit products on its platform, such as Installment Loans and Lines of Credit. It is engaged in providing lending related services to borrowers, banks, and other institutions in the United States (US) and Canada. The Company, through its MoneyKey brand, offers either installment loans or lines of credit to customers in several US states. The Company, through its CreditFresh brand, operates as a bank servicer which provides marketing, technology, and loan services.


TSX:PRL - Post by User

Comment by Defiance2050on Apr 26, 2022 6:39pm
225 Views
Post# 34633983

RE:BNS

RE:BNSIt will be interesting to see a quarter without massive portfolio growth and new customer growth what the margins would be. I will disagree with the analyst in the sense that with all the new geographies that PRL is expanding into that portfolio growth won't follow.

Much rather have a growing portfolio than to have the sustained one. Founders are likely of the same mindset as why in the world would the company sell shares to raise money if it isn't getting utilized. Will be interesting to see as time goes on to see how spread in the credit facilities or if new ones get implemented. 
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