Propel Holdings Inc (TSE:PRL) has released an update.
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Propel Holdings Inc. has announced the strategic acquisition of UK fintech lender QuidMarket for $71 million, aiming to expand its global reach and provide improved access to credit for underserved UK consumers. The acquisition is expected to immediately benefit Propel’s earnings, with the QuidMarket team retaining operational control to ensure continuity and growth.
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