Propel Holdings Inc T.PRL

Alternate Symbol(s): PRLPF

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.

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Propel Holdings Inc > Growth Model Portfolio

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Post by retiredcfon May 25, 2024 8:01am

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Post# 36057105

Growth Model Portfolio

Missed this from last month. GLTA

Growth Model Portfolio
Add New 1.5% Position in Propel Holdings (PRL)
Trade Rationale – PRL is the latest new company coverage at 5i Research, and since initiating a report on the name it has moved up over 25%, further confirming our thesis on the name. There is an expression that when one adds to a position and it immediately moves in one’s favour, it typically means the underlying thesis was correct. It is still early for PRL, but we like its prospects and feel that it can be both complementary and act as a diversifier for GSY in the model portfolio. (5iResearch)

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