Propel Holdings, Inc. is a Canada-based online financial technology company. The Company operates through its two brands: MoneyKey and CreditFresh. The Company, through its MoneyKey brand, is a state-licensed direct lender and offers either installment loans or lines of credit to new customers in several states in the United States. The type of product offered in each state is dependent on the specific regulatory requirements within each operational state. It offers products as a state-licensed direct lender in nine states across the United States. It also operates as a servicer which provides marketing, analytics, and loan servicing services to an unaffiliated non-bank financial institution (NBFI). The Company, through its CreditFresh brand, operates as a bank servicer which provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the United States. The Bank Partner offers unsecured open-ended lines of credit.
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