TSX:PRLConsumer Finance
How Propel’s Mesirow-Funded Freshline Rollout At Propel Holdings (TSX:PRL) Has Changed Its Investment Story
Propel Holdings Inc. recently announced a US$60 million forward flow purchase agreement with funds managed by Mesirow Alternative Credit, under which Mesirow will buy receivables originated through Freshline, a new unsecured personal loan product delivered via Column N.A. to underserved customers in new geographies.
This agreement gives Propel access to committed third-party funding for Freshline, potentially supporting more efficient scaling of its alternative credit platform into...