06:30 AM EDT, 09/20/2024 (MT Newswires) -- Propel Holdings ( PRLPF ) on Friday inked a partnership with Fintech company KOHO.

The partnership will allow KOHO users to access a line of credit through Propel's AI-powered lending platform within the KOHO app.

The partnership is expected to bring more credit options to consumers, the companies said. KOHO will introduce and manage the line of credit through the app and product experience, while Propel will provide the technology, underwriting, servicing and funding of the loans.

The partnership is expected to launch in the fourth quarter.