TSX:PRLConsumer Finance
Propel Bank Launch And Freshline Expansion Test Propel Holdings Growth Story
Propel Holdings launched Propel Bank and entered a new partnership with Column to expand its lending reach to underserved customers.
The company introduced Freshline, a new platform aimed at serving additional segments that have limited access to traditional credit.
Propel secured a US$60 million forward flow receivables agreement with Mesirow to support the funding needs of these expanded products.
For investors watching TSX:PRL, these moves come as the stock trades around CA$20.43, with a...