Propel Holdings Inc.

Canaccord Genuity acts as Joint Lead Bookrunner to Propel on its C$61 million Initial Public Offering on the Toronto Stock Exchange

Canaccord Genuity is pleased to announce that on October 20, 2021, it completed an initial public offering (“IPO”) of common shares on the Toronto Stock Exchange (“TSX”), for Propel Holdings Inc. (“Propel” or the “Company”) (TSX:PRL) for gross proceeds of C$61 million.

Propel is an online financial technology (“fintech”) company, committed to credit inclusion by providing fair, fast and transparent access to credit with exceptional service using its proprietary online lending platform. Through its operating brands, MoneyKey and CreditFresh, Propel is focused on providing access to credit to the over 60 million underserved U.S. consumers who struggle to access credit from mainstream credit providers. Propel’s revenue growth and profitability have accelerated significantly over the past two years as Propel has been able to facilitate access to credit for an increasing number of consumers, helping them move forward in their credit journeys.

The Canaccord Genuity team included Michael Kogan, David Pietruszka, Jonah Simpson and Daniel Lin from Investment Banking, Jason Melbourne and Graeme Parker from Equity Sales, and Len Sauer and Lily Yu from Equity Capital Markets.