Propel Holdings Signs Five-Year Lending-as-a-Service Deal with Pathward

Propel Holdings and Pathward (formerly MetaBank) announced a five-year agreement making Propel a primary lending partner within Pathward's banking-as-a-service ecosystem. Under the deal, Propel provides AI-powered credit solutions, loan management, and customer acquisition capabilities that are white-labeled and integrated into Pathward's BaaS infrastructure. The partnership is designed to promote financial inclusion by extending credit access to underserved consumers.

Pathward contributes its regulated banking charter and BaaS platform, while Propel brings its proprietary AI underwriting and loan servicing technology. The five-year term signals a deep strategic commitment between both parties. The arrangement allows Pathward to expand its lending product suite without building the technology in-house.

Financial terms beyond the duration were not publicly disclosed.