PROPEL HOLDINGS LAUNCHES FRESHLINE AND SECURES ADDITIONAL US$150 MILLION COMMITMENT

Executive Summary

• Propel Holdings announced an additional capital commitment of up to US$150 million, the largest single commitment for any of its programs to date.
• The new funding supports the national roll‑out of FreshLine, an unsecured personal line‑of‑credit product targeting the U.S. near‑prime consumer segment, launched in partnership with Column.
• Total committed capital backing FreshLine now totals US$210 million (including a prior US$60 million commitment from Mesirow), positioning Propel for accelerated growth across the United States in 2026 and beyond.

Key Details

• Commitment Amount: Up to US$150 million from Propel’s partners, incremental to the previously announced US$60 million from Mesirow.
• Total Capital Supporting FreshLine: US$210 million.
• Product Launch: Official launch of FreshLine, an unsecured personal line‑of‑credit product developed with partner Column, aimed at the U.S. near‑prime consumer segment.
• Strategic Impact: Enhances Propel’s capital‑efficient operating model, reinforces confidence in its AI‑powered platform, and expands addressable market in the United States.
• Growth Outlook: Commitment expected to drive accelerated growth for Propel throughout 2026 and beyond, with a focus on scalable fee‑based revenue while maintaining balance‑sheet discipline.

Notable Quotes

“With FreshLine now live and backed by the largest commitment in our history, we are entering 2026 with significant momentum to scale this program,” – Clive Kinross, Chief Executive Officer, Propel Holdings.
“FreshLine expands our ability to serve the large and growing near‑prime consumer segment, where demand for responsible credit remains significant.” – Clive Kinross, CEO.