Company Propel Holdings Inc.

Equities

PRL

CA74349D1069

Consumer Lending

Market Closed - Toronto S.E. 04:00:00 2024-05-31 pm EDT 5-day change 1st Jan Change
21.2 CAD +3.67% Intraday chart for Propel Holdings Inc. -5.10% +63.45%

Business Summary

Propel Holdings Inc. is a Canada-based financial technology (fintech) company focused on credit inclusion by facilitating access to credit through its online lending platform. The Company, through its brands, offers credit solutions to consumers in Canada and the United States. Through its end-to-end, artificial intelligence (AI)-powered online lending platform, it facilitates access to credit products for underserved American and Canadian consumers who struggle to access credit from mainstream credit providers. It operates three consumer-facing brands, which directly offer or facilitate access to credit: MoneyKey and CreditFresh in the United States and Fora Credit in Canada, in addition to the Pathward Lending-as-a-Service program. The two types of credit products available through the Propel platform are Installment Loans and Lines of Credit. In the United States, the MoneyKey direct lending program and CreditFresh Bank Programs are supported by two revolving credit facilities.

Number of employees: 462

Sales per Business

CAD in Million2022Weight2023Weight Delta
Interest and Fees from Borrowers on Purchased Receivable (CreditFresh)
75.4 %
- - 322 75.4 % -
Fees from Bank Service Program (MoneyKey)
14.1 %
42 14.2 % 60 14.1 % +43.29%
Interest from Borrowers in Direct Lending (MoneyKey)
3.9 %
22 7.3 % 17 3.9 % -21.57%
Fees from Credit Services Organization Program (MoneyKey)
3.1 %
14 4.9 % 13 3.1 % -7.53%
Fees from Borrowers in Direct Lending (MoneyKey)
2.3 %
11 3.7 % 10 2.3 % -8.89%
Interest from Borrowers in Direct Lending (Fora Credit)
0.7 %
- - 3 0.7 % -
Other
0.4 %
- - 2 0.4 % -

Sales per region

CAD in Million2022Weight2023Weight Delta
United States
100.0 %
295 100.0 % 427 100.0 % +44.64%

Managers

Managers TitleAgeSince
Founder 38 11-06-15
Founder 43 11-06-15
Founder 45 11-06-15
Founder 53 11-06-15
President 52 15-12-31
Compliance Officer 41 15-12-31
Investor Relations Contact - 21-12-31
General Counsel 40 16-12-31
General Counsel 42 12-12-31
Corporate Officer/Principal 48 11-12-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 59 20-12-31
Director/Board Member 66 22-10-31
Director/Board Member 59 20-12-31
Director/Board Member 62 20-12-31
Chairman 73 11-06-15
Founder 53 11-06-15
Director/Board Member 51 20-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 34,330,312 22,869,272 ( 66.62 %) 0 66.62 %

Shareholders

NameEquities%Valuation
6,132,700 17.87 % 118 M $
5,255,100 15.31 % 101 M $
1,114,175 3.246 % 21 M $
909,716 2.650 % 17 M $
680,822 1.983 % 13 M $
612,365 1.784 % 12 M $
Jay Vaghela
0.8817 %
302,662 0.8817 % 6 M $
Bloom Investment Counsel, Inc.
0.5250 %
180,200 0.5250 % 3 M $
Franklin Bissett Investment Management
0.4810 %
165,105 0.4810 % 3 M $
Barrantagh Investment Management, Inc.
0.4399 %
150,993 0.4399 % 3 M $

Company contact information

Propel Holdings, Inc.

69 Yonge Street Suite 1500

M5E 1K3, Toronto

+

http://www.propelholdings.com
address Propel Holdings Inc.(PRL)
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