Mr. Clive Kinross reports

PROPEL ANNOUNCES AMENDMENT AND UPSIZE TO FORA CREDIT FACILITY

Propel Holdings Inc. has amended and upsized its existing credit facility for its Canadian business, Fora.

Pursuant to the amendment, the commitment under the Fora credit facility increased to $40-million from approximately $26-million. The Fora credit facility will bear interest equal to the prime rate plus 275 basis points per annum, representing a reduction in the cost of the facility by approximately 200 basis points.

"This amendment lowers our cost of capital and supports the ongoing growth of our Canadian business. It reflects the strength of our platform, our demonstrated performance and continued momentum in Canada and globally. Now, more than ever, we are committed to providing credit and building opportunities for underserved consumers," said Clive Kinross, chief executive officer.

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 revolutionary fintech platform has already helped consumers access almost two million loans and lines of credit and almost $3-billion in credit.

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