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Propell Holdings (ASX:PHL) Shareholder Update – 8th August 2024

August 8, 2024

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

Propell CEO, Michael Davidson, held a shareholder update with Reach Markets to discuss their performance and improvements over the quarter.

During the session, Michael discussed:

  • Our loan book increase of 80% during the quarter.
  • How we have refined Propell’s credit assessment capability to drive arrears on originations this financial year to less than 1%.
  • How our underlying operating costs were down 33% QoQ and down 12% on PCP.

Recorded on 8th August 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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