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Propel Holdings Inc T.PRL

Alternate Symbol(s):  PRLPF | T.PRL.R

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 10, 2023 3:26pm
122 Views
Post# 35582412

It's all about the future

It's all about the futureeveryone expects the Q report to say growth...but how much and what about going forward....just look at Cineplex today....it had a great quarter and the stock is down about 4.8% today

everyone forgets or overlooks the risk with the company....they give unsecured credit lines of 3 to 4 thousand dollars to US clients that are already squeezed with credit....how many of those clients will start to default.....investors only focus on the growth of Propel lending the money out....yeah revenue growth is phenomenal....may the credit losses will also be phenomenal

we will know in about 30 minutes or so....good luck!
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