Q: Hello, in the context of Propel Holdings Inc., could you elaborate on what the LaaS and QuidMarket businesses are? Thank you
5i Research Answer:
Quidmarket is a UK lender that PRL acquired, and is seeing strong growth rates in. LaaS stands for Lending-as-a-Service which allows companies give out loans without needing to build the tech stack themselves, essentially using PRLs infrastructure as a service.