Lending-as-a-ServiceLending-as-a-Service (LaaS) generated $4.5M in revenue this quarter, a 60%+ increase from Q1, with positive initial feedback from clients and returns surpassing expectations.
Revenue GrowthRevenue growth remained robust at 34% year-over-year while CLAB growth of 33% was in line with our forecast and at the upper-end of management’s target.
Undervalued StockDespite the recent rally in PRL shares, the firm is viewed as undervalued given expectations for 40%+ adjusted ROE and strong growth in LAAS and QuidMarket revenue.