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Propell Holdings (ASX:PHL) Shareholder Update – 5th February 2024

February 5, 2024

Propell Holdings (ASX:PHL): Shareholder Update with CEO Michael Davidson

Propell CEO, Michael Davidson, held a shareholder update with Reach Markets to talk over their recent placement, as well as their recent performance.

During the session, Michael discussed:

  • Use of capital from the recent placement and current SPP.
  • The better-than-expected performance of their loan book.
  • Their plans to achieve profitability in the near term.
  • Propell’s strategy to scale the business.

Recorded on 5th February 2024.

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Featured Speaker

Michael Davidson

Michael Davidson

CEO

Michael has a genuine intention to help small businesses thrive. Formerly CEO of a leading SME payments provider for five years, he joined Propell Holdings as CEO in 2015 and has since helped pivot the company into its full-service finance platform, growing its customer base to more than 2000. Michael is keen to capitalise on Propell’s head start and deliver an exceptional product along with significant customer growth.

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