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Propel Holdings logo — The fintech platform building a new world of financial oppor...

Propel Holdings

The fintech platform building a new world of financial opportunity.

Founded 2011 Canada Toronto, Canada 423 employees Post-IPO Debt Total: $356.00M Financial Services, Fintech

General Information

Company Name Propel Holdings
Founded Year 2011
Location Canada Toronto, Canada
Employees 423
Industries Financial Services, Fintech
Funding Stage Post-IPO Debt
Social

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About Propel Holdings

Propel Holdings is a fintech platform committed to credit inclusion, aiming to provide fair, fast, and transparent access to credit through its proprietary online lending platform. Founded in 2011 and based in Canada, Propel has been dedicated to addressing the challenge of credit access, particularly in Canada and the United States. The company has leveraged its expertise in consumer lending, artificial intelligence, and underwriting to facilitate approximately one million loans and lines of credit to consumers in need. In November 22, 2022, Propel secured a $26.00M investment in Post-IPO Debt from CWB Maxium Financial and Bastion Management. This funding marks a significant milestone for Propel Holdings as it continues to expand its presence and impact in the fintech industry. With its strong focus on credit solutions and a commitment to customer experience, Propel Holdings is poised to make a substantial difference in the world of financial services by bridging the gap for underserved consumers. For more information about Propel Holdings, visit propelholdings.com.

Business keywords: online lending, credit inclusion, consumer lending, underwriting, loan management, credit solutions, automated customer acquisition, proprietary underwriting models, TSX: PRL, credit access

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt $80.00M -
25 Jul 2024
Post IPO Debt $250.00M -
24 Feb 2023
Post IPO Debt $26.00M 2
CWB Maxium Financial, Bastion Management
22 Nov 2022

Propel Holdings Alternatives & Competitors

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Propel Holdings vs
Cashalo
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Propel Holdings vs
LendSwift
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Propel Holdings vs
OppFi
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FAQ About Propel Holdings

The fintech platform building a new world of financial opportunity.
Propel Holdings was founded in 2011.
Propel Holdings is headquartered in Toronto, Canada.
Propel Holdings operates in Financial Services and Fintech. Its work centres on online lending, credit inclusion, consumer lending and underwriting.
Propel Holdings has approximately 423 employees.
Propel Holdings has completed 3 funding rounds, raising a total of $356.00M. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Propel Holdings include Cashalo, LendSwift, OppFi, Credit Culture, Credright. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Propel Holdings and Cashalo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Propel Holdings, https://bouncewatch.com/company/propel-holdings, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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