EXCLUSIVE: Pineapple Adds Luxe Lending And Mortgage Magic, Eyes Strong Revenue Growth

Benzinga11-12

On Tuesday, Pineapple Financial Inc. (NYSE:PAPL) announced the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada. The ...

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(NYSE:PAPL) announced the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/exclusive-pineapple-adds-luxe-lending-130357264.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EXCLUSIVE: Pineapple Adds Luxe Lending And Mortgage Magic, Eyes Strong Revenue Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEXCLUSIVE: Pineapple Adds Luxe Lending And Mortgage Magic, Eyes Strong Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/exclusive-pineapple-adds-luxe-lending-130357264.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Tuesday, Pineapple Financial Inc. (NYSE:PAPL) announced the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/exclusive-pineapple-adds-luxe-lending-130357264.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PAPL","symbol_name":"Pineapple Financial Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/exclusive-pineapple-adds-luxe-lending-130357264.html","article_id":"2482975704","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/VWaVWijNvmHzFRqEycguaQ--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/516a623a00cbf716685e8c7998b71c95"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482975704","pubTimestamp":1731416637,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"On Tuesday, Pineapple Financial Inc.  announced the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada.The company said the expansion strengthens Pineapple’s position as a leader in the Canadian mortgage industry and aligns with its strategy to offer technology-enabled solutions to a broader audience.In the 2023 fiscal year, Pineapple’s affiliate broker network accounted for 36.8% of the company’s total funded volume, generating the same percentage of overall revenue.Also Read: Taiwan Semiconductor Stock Drops as US Orders Halt on AI Chip Sales to China. With a network of 25 independently licensed firms that white-label Pineapple’s solutions, the company’s affiliates benefit from enhanced operational efficiencies and cutting-edge technology to better serve their clients.Adding these two new affiliates further underscores Pineapple’s commitment to growth, positioning the company for substantial revenue and ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PAPL":"Pineapple Financial Inc."},"translate_title":"独家：菠萝增加了豪华贷款和抵押贷款的魔力，着眼于强劲的收入增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAPL":0.9},"content_text":"On Tuesday, Pineapple Financial Inc. (NYSE:PAPL) announced the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada.\nThe company said the expansion strengthens Pineapple’s position as a leader in the Canadian mortgage industry and aligns with its strategy to offer technology-enabled solutions to a broader audience.\nIn the 2023 fiscal year, Pineapple’s affiliate broker network accounted for 36.8% of the company’s total funded volume, generating the same percentage of overall revenue.\nAlso Read: Taiwan Semiconductor Stock Drops as US Orders Halt on AI Chip Sales to China\nWith a network of 25 independently licensed firms that white-label Pineapple’s solutions, the company’s affiliates benefit from enhanced operational efficiencies and cutting-edge technology to better serve their clients.\nAdding these two new affiliates further underscores Pineapple’s commitment to growth, positioning the company for substantial revenue and funded volume increases as the company continues expanding its partner network.\nPineapple also reported record agent growth in October, with an impressive 82% year-over-year increase.\nThe company said the growth momentum is supported by improving consumer sentiment—at its highest level in 30 months—and recent adjustments to interest rates, which have created an increasingly favorable environment for home buyers and refinancing clients.\nThese factors collectively position Pineapple for accelerated revenue growth as market conditions improve.\nChief Strategy Officer Christa Mitchell expressed excitement about Luxe Lending Corp and Mortgage Magic joining Pineapple. She noted that their decision to partner reflects a shared commitment to utilizing technology for superior client service. With Pineapple’s support, these affiliates gain access to comprehensive tools and resources to boost growth and enhance operational efficiency.\nAs Pineapple’s affiliate network grows, the company remains focused on leveraging AI and data-driven solutions to enhance the mortgage experience.\nThese innovations allow Pineapple to provide personalized mortgage options that address borrowers’ unique needs, further solidifying its role as a leader in the industry.\nCEO Shubha Dasgupta expects substantial revenue and market share growth in the coming quarters, driven by an expanded affiliate network and favorable market conditions. The company aims to help partners succeed while offering Canadians efficient, tech-driven mortgage solutions to support their homeownership aspirations.\nPrice Action: At the last check on Tuesday, PAPL stock was trading higher by 4.09% at $0.69 premarket.\nAlso Read:\n\nOpenAI, Microsoft, Meta Advance New AI Tests As Transparency Concerns Grow\n\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article EXCLUSIVE: Pineapple Adds Luxe Lending And Mortgage Magic, Eyes Strong Revenue Growth originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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