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home / news releases / CASH - Pathward selects Propel as consumer lending as a service partner

CASH - Pathward selects Propel as consumer lending as a service partner

Meta Financial Group Inc.
  • Pathward, N.A., a subsidiary of Pathward Financial ( NASDAQ: CASH ), has selected Propel Holdings ( TSX: PRL:CA ) as its primary consumer lending as a service (LaaS) fintech partner under a five-year agreement.
  • The agreement contemplates fee income for Propel ( PRL:CA ) by providing white labelled technology and service solutions for Pathward's ( CASH ) consumer lending capabilities, including customer acquisition services, loan management software, licensing of proprietary artificial intelligence-powered, risk and response scores, and credit servicing capabilities.
  • Propel ( PRL:CA ) expects the program to launch by Q1 2023 and be accretive to revenue and net income in 2023, with financial impact growing into 2024.

For further details see:

Pathward selects Propel as consumer lending as a service partner
Stock Information
Company Name: Meta Financial Group Inc.
Stock Symbol: CASH
Market: NASDAQ
Website: metafinancialgroup.com
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