About Propel Finance
Propel Finance is a company based in Langstone (United Kingdom) founded in 1996.. Propel Finance offers products and services including Asset Finance, Green Finance, Vehicle Finance, and Embedded Finance. Propel Finance operates in a competitive market with competitors including Moniepoint, Newable, Togethermoney, Greensill and Ultimate Finance, among others.
- Headquarter Langstone, United Kingdom
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Propel Finance Plc
- Date of Incorporation 15 Jun, 2000
- Jurisdiction LANGSTONE PARK LANGSTONE, NEWPORT
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2.05 B (USD), Debt – Conventional
Jul 03, 2025
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Investors
Citi
& 5 more
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Employee Count
Employee Count
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Products & Services of Propel Finance
Propel Finance offers a comprehensive portfolio of products and services, including Asset Finance, Green Finance, Vehicle Finance, and Embedded Finance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides funding for business equipment and technologies
Supports financing for eco-friendly assets and transitions
Offers flexible funding for business vehicles and fleets
Integrates finance solutions to enhance online sales
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Funding Insights of Propel Finance
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $2.1B
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Debt – Conventional - Propel Finance | Valuation |
investors |
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| Aug, 2022 | Amount | Debt – Conventional - Propel Finance | Valuation |
investors |
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| Jul, 2021 | Amount | Debt – Conventional - Propel Finance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Propel Finance
Propel Finance has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi, Barclays and Bank of America. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt fund and fund of funds focused on startups
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Founded Year | Domain | Location | |
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Quilam Capital is engaged in providing growth capital and senior debt solutions.
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Propel Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Propel Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Propel Finance Comparisons
Competitors of Propel Finance
Propel Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, Newable, Togethermoney, Greensill and Ultimate Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
Business loans are provided to UK enterprises by Newable.
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| domain | founded_year | HQ Location |
Provider of consumer and SME loans
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| domain | founded_year | HQ Location |
Working capital loans are provided through financial market mechanisms.
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| domain | founded_year | HQ Location |
Working capital loans are provided to small and medium-sized enterprises.
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| domain | founded_year | HQ Location |
Diversified lending services are offered as a non-banking financial institution.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Propel Finance
Frequently Asked Questions about Propel Finance
When was Propel Finance founded?
Propel Finance was founded in 1996 and raised its 1st funding round 25 years after it was founded.
Where is Propel Finance located?
Propel Finance is headquartered in Langstone, United Kingdom.
What does Propel Finance do?
Propel Finance was established in 1996 and is headquartered in Langstone, United Kingdom. Operations are centered on the financial services sector, where business loans are extended to support enterprise funding needs. Services include tailored lending solutions for small and medium-sized businesses operating within the UK market. The companys domain, propelfinance.co.uk, facilitates access to these financial products across the region.
Who are the top competitors of Propel Finance?
Propel Finance's top competitors include Togethermoney, Moniepoint and Close Brothers.
What products or services does Propel Finance offer?
Propel Finance offers Asset Finance, Green Finance, Vehicle Finance, and Embedded Finance.
Who are Propel Finance's investors?
Propel Finance has 6 investors. Key investors include Citi, Barclays, Bank of America, Citi, and British Business Bank.