Mr. Clive Kinross reports

PROPEL HOLDINGS ANNOUNCES US $60 MILLION FORWARD FLOW COMMITMENT FROM MESIROW TO SUPPORT U.S. PRODUCT EXPANSION

Propel Holdings Inc. has signed a $60-million (U.S.) forward flow purchase agreement with funds managed by Mesirow Alternative Credit. Under the agreement, Mesirow will purchase receivables originated through Freshline.

Freshline is a new product set to launch in Q1 that will bring unsecured personal loans to a new customer segment of the underserved market and additional geographies not currently served by Propel. Freshline is provided by Column N.A.

Under the forward flow agreement, Propel will provide the technology, underwriting and servicing of the loans with Mesirow purchasing the loans. The forward flow structure enables Propel to access diversified and committed sources capital.

"This commitment from Mesirow reflects confidence in Propel's platform from one of North America's leading private credit investors," said Clive Kinross, chief executive officer of Propel Holdings. "Freshline allows us to serve more consumers across the credit spectrum while leveraging our proven underwriting and servicing capabilities. This commitment from Mesirow provides capital to scale efficiently, accelerate our U.S. expansion and drive sustainable revenue growth."

"Propel's stellar track record in underserved consumer credit and its scalable, AI-powered platform make it a compelling partner," said Tim Reimink, senior managing director, head of asset management, Mesirow Alternative Credit. "This forward flow investment provides our investors exposure to a leading consumer lending platform, disciplined operators and meaningful growth potential."

Mesirow is a leading private credit investor focused on asset-based and specialty finance investments. With deep experience structuring capital solutions across consumer and specialty finance markets, Mesirow partners with high-quality originators to provide scalable, long-term funding solutions.

This agreement further diversifies Propel's capital base and reinforces the company's ability to attract institutional capital to its innovative consumer credit products.

About Propel Holdings Inc.

Propel Holdings, the fintech building a new world of financial opportunity for consumers, partners and investors. Propel's operating brands -- Fora Credit, CreditFresh, MoneyKey and QuidMarket -- together with Propel Bank facilitate access to credit for consumers underserved by traditional financial institutions. Through its artificial-intelligence-powered platform, Propel evaluates customers in a more comprehensive way than traditional credit scores can. The result is better products and an expanded credit market for consumers while creating sustainable, profitable growth for Propel. The fintech platform has already helped consumers access over one million loans and lines of credit and over $2-billion in credit.

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