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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 RawSiennaon Nov 10, 2022 8:28am
142 Views
Post# 35087739

RE:RE:RE:Ready to pop...

RE:RE:RE:Ready to pop...Nice Quarter!

Revenue increased by 82% to $59.7 million in Q3 2022, and increased by 86% to $164.3 million for year-to-date through Q3 2022, representing record performance for both periods

Net income increased by 570% to $4.2 million in Q3 2022, and increased by 15% to $10.1 million for year-to-date through Q3 2022, representing record performance for a nine-month period ending Q3

Total Originations Funded1 increased by 75% to $97.7 million, representing record quarterly originations

Loans and advances receivable and Ending CLAB1 increased by 121% and 115%, increasing to $166.3 million and $208.4 million, respectively, both record ending balances

Canadian entry launch date accelerated to Q4 2022

Declares dividend of C$0.095 per share
https://finance.yahoo.com/news/propel-reports-q3-2022-financial-120000337.html

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