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Propel Holdings Receives Regulatory Approval to Launch Propel Bank

Newswire.ca - Tue Dec 2, 2025

TORONTO, Dec. 2, 2025 /CNW/ - Propel Holdings Inc. ("Propel" or the "Company") (TSX: PRL), the fintech facilitating access to credit for underserved consumers, today announced it has received regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico ("OCFI") to establish Propel International Bank, Inc. ("Propel Bank"), a wholly owned subsidiary of Propel.

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