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	Podcast:		Small Caps
	Episode:		Propell (ASX: PHL) raises cash to enhance 'one-stop-shop' small business finance platform (w/ Michael Davidson)
	Category:		Business
	Duration:		00:23:50
	Publish Date:		2022-05-08 23:00:00
	Description:		Propell Holdings (ASX: PHL) chief executive officer Michael Davidson joins Small Caps to discuss the company’s growth plans for its digital finance platform. Following a successful March quarter in which the company posted record growth in its lending division, it recently completed a placement raising $1.36 million and has just launched an entitlement offer to raise an additional $2.22 million. Funds will be used to support ongoing platform development, wholesale facility extension and working capital requirements. Propell is an “all-in-one” digital app aimed at revolutionising how Australian small businesses manage their finances. Leveraging artificial intelligence and extensive customer data, the platform combines a range of financial products and services including lending, payments, insights and cashflow forecasting tools. Article: https://smallcaps.com.au/propell-holdings-opens-offer-raise-small-business-lending-app/ For more information on Propell Holdings: https://smallcaps.com.au/stocks/PHL/
	Total Play:		0