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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

Post by 88guy88on Aug 08, 2023 12:56pm
121 Views
Post# 35577800

This is a classic buy on rumor sell on news

This is a classic buy on rumor sell on newsbig runup today on rumor results and when report for quarter comes out after market close on Thursday Aug 10....then it likely will sell down on the news....

the expectation is that growth and results will be stellar but will see how it goes.....trying to find a niche in the USA but risky loan business.....are those unsecured lines of credit going to be paid back by clients already stretched to make ends meet....writeoff coming perhaps or growth slowing....we will find out Thursday night  :))
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