PHL
Director Trades
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Company News
Propell accesses $7.5m wholesale funding to facilitate finance platform growth
Australian financial services company Propell Holdings (ASX: PHL) has increased its wholesale funding facility to $7.5 million to support the growth of its lending platform. Following a strong performance over the last two quarters, Altor Capital Management has agreed to increase the current facility by 50% which will help deliver greater capacity for lending volumes. […]
Propell targets profitability in FY23 with latest round of funding
Propell Holdings (ASX: PHL) is undertaking a convertible note raise for $2.8 million in funding aimed at helping achieve cash flow breakeven and profitability by the end of the 2023 financial year. The Australia-based fintech company targets the nation’s 2.4 million small and medium enterprises (SMEs), frustrated with the banks’ slow and difficult lending processes […]
Propell posts customer growth and record lending volumes for June quarter
Finance platform developer Propell Holdings (ASX: PHL) has posted a June quarter of significant growth across its key performance indicators of customer numbers, lending volumes and loan sizes. For the three months ending June, the company reported over 2,150 small-to-medium enterprise customers on its platform, representing a quarter-on-quarter growth of more than 30%, and an […]
Propell achieves record May 2022 with customer and lending growth
Propell Holdings (ASX: PHL) has achieved a record month for May 2022 with more customers than ever using its finance platform and lending reaching an all-time high. Customers using Propell’s small-to-medium business finance platform exceeded 2,000 for May 2022, which was up 428% on May 2021 levels and 20.1% higher than the March quarter of […]
Propell launches business loans product to assist SME growth
Australian financial services company Propell Holdings (ASX: PHL) has introduced a new in-house business loan product to give small-to-medium enterprise owners more access to capital for operating and growth purposes. The lending product will offer customers a fixed dollar amount up to a maximum $250,000 over a fixed term of 12 months to fund the […]
Propell Holdings opens offer to raise $2.22m for small business lending app
Australian fintech Propell Holdings (ASX: PHL) has announced a $2.22 million entitlement offer to shareholders with ambitions to fund ongoing organic growth and an increase in its lending facility. The company has invited shareholders to participate in the non-renounceable pro-rata offer of one new share for every 2.5 shares held on 27 April 2022, at […]
