Pineapple Financial Launches Pineapple+, Slashes $1M in Costs, Strengthens Profitability and Growth Strategy
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage firm, today announced what it believes is a transformational milestone, official launch of Pineapple+, its fully proprietary, end-to-end broker platform that is expected to eliminate nearly $1 million in annual third-party technology, development and licensing costs while advancing the Company's strategy to...
2025-05-01 7:30 AM EDT
Pineapple Financial Inc. Reports 15.2% Increase in Gross Billing and 3.60% Reduction in SG&A, with Continued Cost Cutting and Scalable Revenue Growth for the Six Months Ended February 28, 2025
Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading provider of tech-enabled mortgage brokerage solutions, today announced its unaudited financial results for the three and six months ended February 28, 2025. The company continues to demonstrate strong progress, with notable improvements in gross billings, significant operational efficiencies, and a clear path toward achieving profitability. Six-Month Period ended February 28, 2025...
2025-04-15 9:00 AM EDT
Pineapple Financial Inc. Reports 34.6% Revenue Growth and 26.8% Reduction in Net Loss for First Quarter of Fiscal 2025
Toronto, Ontario--(Newsfile Corp. - January 21, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading provider of innovative financial solutions in the mortgage industry, today announced its financial results for the first quarter ended November 30, 2024. The company continues to make significant progress in its journey toward sustained growth and profitability, driven by operational efficiency improvements from past investments and a strong increase in customer demand. Key...
2025-01-21 8:00 AM EST
Pineapple Financial Inc. Reports 7.5% Revenue Growth in 2024, and Accelerates Growth to Start 2025
Toronto, Canada--(Newsfile Corp. - December 23, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian mortgage and insurance fintech, today reported its audited financial results for the fiscal year ended August 31, 2024. The company achieved a 7.5% increase in net revenue year-over-year, driven by growth in its subscription services and strong mortgage sales. Early reporting indicated Pineapple is expecting to experience a strong start to fiscal year 2025, with...
2024-12-23 8:00 AM EST
Pineapple Announces Strategic Partnership with BMO to Expand Homeownership Accessibility in Canada
Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - Pineapple Financial (NYSE American: PAPL) is excited to announce its strategic partnership with Bank of Montreal (TSX: BMO), one of Canada's top financial institutions, marking a transformative step for Pineapple as BMO re-enters the mortgage broker channel through its new BMO BrokerEdge™ initiative. This collaboration positions Pineapple to further extend its influence and revenue potential in the mortgage space while providing greater...
2024-11-25 8:00 AM EST
Pineapple Financial Unveils Renewals+ Platform, Improves Customer Retention, Adds New Revenue Streams
Toronto, Ontario--(Newsfile Corp. - November 13, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) proudly introduces Renewals+, an innovative addition to its PineappleONE platform, purpose-built to optimize mortgage renewals and elevate customer loyalty. By integrating cutting-edge data analytics and personalization tools, Renewals+ has positioned Pineapple as a leader in Canada's $300 billion mortgage renewal market, driving a 20% increase in annual renewals and achieving a repeat b
2024-11-13 8:30 AM EST
Pineapple Financial Expands Network with Addition of Two New Affiliate Brokerages and Reports Record Growth in Agent Network
Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("the Company" or "Pineapple"), an award winning mortgage and insurance fin-tech with a national footprint, is excited to announce the addition of two new affiliate brokerages, Luxe Lending Corp. and Mortgage Magic, expanding its reach and capabilities across Canada. This expansion strengthens Pineapple's position as a leader in the Canadian mortgage industry and aligns with its strategy to...
2024-11-12 8:30 AM EST
Pineapple XChange 2024: A Premier Event for the Real Estate and Mortgage Community to Elevate Industry Connections and Insights
Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Pineapple Financial (NYSE American: PAPL) is excited to announce Pineapple XChange 2024, a unique education and networking event designed to bring realtors and mortgage brokers together in a collaborative space for business growth and relationship building. Taking place on November 6, 2024, at Paramount Eventspace in Woodbridge, Ontario, this premier gathering will offer exclusive insights, high-impact panels, and one-on-one connections...
2024-11-05 8:00 AM EST
Pineapple Financial Ranks Among Canada's Fastest-Growing Companies for Second Year, Boasting 166% Growth
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a tech-driven mortgage brokerage with an extensive network of partner brokerages and agents across Canada, proudly announced its inclusion in the Report on Business (Globe and Mail) Ranking of Canada's Top Growing Companies for the second consecutive year. The Globe and Mail list ranks Canadian companies based on three-year revenue growth, evaluating businesses across various sectors,...
2024-10-01 8:00 AM EDT
Pineapple Financial Positioned for Strategic Growth as Canadian Mortgage Rule Changes Ignite Market Opportunity
Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - Pineapple Financial (NYSE American: PAPL) - With the recent reforms to Canada's mortgage rules, the real estate market is poised for a resurgence in activity, offering significant growth opportunities for Pineapple Financial. The government's initiatives to increase accessibility for first-time buyers and support move-up buyers, alongside the rise of insured mortgage limits, signal an environment ripe for expansion. These reforms align...
2024-09-24 7:45 AM EDT
Pineapple Financial Inc. Launches Pineapple Insurance
Toronto, Ontario--(Newsfile Corp. - September 19, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech platform, is thrilled to announce the official launch of Pineapple Insurance, a transformative new business vertical that is designed to unlock significant growth potential for the company. This development not only allows Pineapple to tap into Canada's multi-billion dollar insurance market but also offers clients a more personalized, comprehensive financial...
2024-09-19 8:00 AM EDT
Pineapple Financial Anticipates Growth Surge Amid Bank of Canada's Consecutive Rate Cuts and Rising Housing Completions
Toronto, Ontario--(Newsfile Corp. - September 5, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading digital mortgage firm with an integrated network of partner brokerages and agents across Canada is strategically positioned to capture significant market share and drive revenue growth following the Bank of Canada's recent 25-basis-point rate cut, bringing the benchmark interest rate to 4.25%. As Canada enters a period of potential housing market upswing, Pineapple's scalable...
2024-09-05 8:00 AM EDT
The Impact of Future Interest Rate Cuts on the Canadian Mortgage Market and Pineapple's Growth Potential
Toronto, Ontario--(Newsfile Corp. - August 28, 2024) - As inflationary pressures ease and economic conditions stabilize, the Bank of Canada (BoC) is widely expected to implement a series of interest rate cuts, potentially bringing the overnight rate down to 2.75% by mid-2025. These anticipated cuts represent not just a correction of the monetary policy but a pivotal opportunity for the Canadian mortgage market to regain momentum. For Pineapple (NYSE American: PAPL), this macroeconomic shift...
2024-08-28 7:50 AM EDT
PineappleONE Adoption Boosts Broker Efficiency, Leading to a 22.72% Increase in Loan Origination to $377 Million
Toronto, Ontario--(Newsfile Corp. - August 21, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech company, today announced early-stage success showcasing the transformative impact of its PineappleONE platform. Designed to streamline mortgage processing, PineappleONE has significantly increased broker efficiency, resulting in a substantial rise in loan volumes and revenue for the company. Key Findings: Pineapple Financial's internal analysis revealed that...
2024-08-21 7:49 AM EDT
PineappleONE's Advanced Analytics Set to Drive Significant Revenue Growth
Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple"), a leading fintech, today announced the launch of a real-time insights module within its proprietary deal management system, PineappleONE. This advancement strategically positions Pineapple and its brokers to capitalize on the upcoming surge in mortgage renewals across Canada. The introduction of this real-time insights module is expected to drive substantial growth in...
2024-08-15 8:30 AM EDT
Pineapple Financial Shows Early Results, Increasing Gross Billing Margin with Potential to Grow from 7.94% to 34.8% Through Innovative Counsellor Program
Toronto, Ontario--(Newsfile Corp. - July 31, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("the Company" or "Pineapple"), a leading mortgage fintech with a nationwide network of partner brokerages and agents, is pleased to report significant results from its Pineapple Counsellor Program. Today, we are pleased to announce the initial results since the program's inception. A key success indicator is the significant increase in higher-margin revenue. Our average margin outside the...
2024-07-31 8:00 AM EDT
$2.1 Trillion Canadian Mortgage Market Poised for Growth as Bank of Canada Rate Cut Sparks New Opportunities for Pineapple
Toronto, Ontario--(Newsfile Corp. - July 25, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), Canada's mortgage fintech leader, with an extensive network of partner brokerages and agents throughout Canada, announced today the Bank of Canada (BoC) reduced its benchmark interest rate by 25 basis points to 4.5%. This marks the second consecutive rate cut in the current cycle and signifies a crucial shift aimed at stimulating economic activity amid a cooling inflation environment. This...
2024-07-25 6:45 AM EDT
Pineapple Financial Inc. Partners with Walnut Insurance to Add Additional Revenue Stream Tapping into $85 Billion P&C Insurance Market
Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("the Company" or "Pineapple"), a tech-focused mortgage brokerage with a comprehensive network of partner brokerages and agents across Canada, proudly announces a groundbreaking partnership with Walnut Insurance. This collaboration aims to integrate Walnut's Property and Casualty (P&C) insurance into Pineapple's proprietary deal management system, PineappleONE, enhancing the home-buying process...
2024-07-22 6:45 AM EDT
Pineapple Financial Inc. Announces 20.43 Percent Revenue Growth in Fiscal 2024 Third Quarter Ended May 31, 2024
Toronto, Ontario--(Newsfile Corp. - July 15, 2024) - Pineapple Financial Inc. (NYSE American: PAPL), a leading tech-focused mortgage firm with an integrated network of partner brokerages and agents across Canada, today announced that, for its third 2024 fiscal quarter ended May 31, 2024, the company achieved revenue of $736,448, a 20.43 percent increase as compared to revenue of $603,231 for its fiscal 2023 third quarter ended May 31, 2023. Pineapple generated $377.64 million in residential...
2024-07-15 6:22 PM EDT
Pineapple Financial to Participate in 3rd Annual Investor Clubhouse at RBC Canadian Open, May 30 - June 2, 2024
Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("the Company" or "Pineapple"), a tech-focused mortgage brokerage with an integrated network of affiliate brokerages and agents across Canada, today announced it will participate in the 3rd Annual Investor Clubhouse at the RBC Canadian Open, May 30 - June 2 at the Hamilton Golf & Country Club in Hamilton, Ontario. Sponsored by Investor.Events, the event will feature nearly 100 companies and an...
2024-05-30 8:05 AM EDT