About Propel Holdings
Propel Holdings is a company based in Toronto (Canada) founded in 2011 by Clive Kinross.. The company has 620 employees as of December 31, 2024. Propel Holdings offers products and services including Online Lending Platform and AI Credit Assessment Tool. Propel Holdings operates in a competitive market with competitors including IOU Financial, Dynamic Capital, Thinking Capital, Everyday People Financial and Merchant Growth, among others.
- Headquarter Toronto, Canada
- Employees 620 as on 31 Dec, 2024
- Founders Clive Kinross
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Propel Holdings, Inc.
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Annual Revenue
$428.21 M (USD)44.23as on Dec 31, 2024
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Net Profit
$44.15 M (USD)69.47as on Dec 31, 2024
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EBITDA
$95.59 M (USD)55.82as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
620
as on Dec 31, 2024
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IPO & Listings of Propel Holdings
Propel Holdings is a publicly listed company on the TSX with ticker symbol PRL in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Propel Holdings
Propel Holdings offers a comprehensive portfolio of products and services, including Online Lending Platform and AI Credit Assessment Tool. 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.
AI-powered system for facilitating loans to underserved consumers.
Tool that analyzes data points for holistic credit evaluation.
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Finance and Accounting
14 people
Software Development Team
11 people
Leadership Team
8 people
Legal and Compliance
8 people
Operations Team
6 people
Product Management Team
6 people
Human Resources and Administration
5 people
Manager Team
3 people
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Funding Insights of Propel Holdings
| 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 |
Investments & Acquisitions by Propel Holdings
| 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 Holdings
| 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 Holdings Comparisons
Competitors of Propel Holdings
Propel Holdings 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 IOU Financial, Dynamic Capital, Thinking Capital, Everyday People Financial and Merchant Growth, 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 |
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| domain | founded_year | HQ Location |
Working capital loan provider to small businesses.
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| domain | founded_year | HQ Location |
Dynamic Capital is engaged in equipment financing and leasing solutions.
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| domain | founded_year | HQ Location |
Business loans and financing are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Partnership-based digital banking platform is offered with financial services.
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| domain | founded_year | HQ Location |
Financing solutions are offered to small and medium-sized businesses.
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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 Holdings
Frequently Asked Questions about Propel Holdings
When was Propel Holdings founded?
Propel Holdings was founded in 2011.
Where is Propel Holdings located?
Propel Holdings is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Propel Holdings?
Clive Kinross is the current CEO of Propel Holdings. They have also founded this company.
How many employees does Propel Holdings have?
As of Dec 31, 2024, the latest employee count at Propel Holdings is 620.
What is the annual revenue of Propel Holdings?
Annual revenue of Propel Holdings is $428.21M as on Dec 31, 2024.
What does Propel Holdings do?
Propel Holdings was founded in 2011 in Toronto, Canada, as a provider of financial services. Operations are centered in the financial sector, with services focused on lending and related solutions. The company is led by Clive Kinross as CEO and co-founder. Activities are conducted primarily from its Canadian base, serving various client needs in the region.
Who are the top competitors of Propel Holdings?
Propel Holdings's top competitors include Everyday People Financial, IOU Financial and Pivot Financial.
What products or services does Propel Holdings offer?
Propel Holdings offers Online Lending Platform and AI Credit Assessment Tool.
Is Propel Holdings publicly traded?
Yes, Propel Holdings is publicly traded on TSX under the ticker symbol PRL.
What is Propel Holdings's ticker symbol?
The ticker symbol of Propel Holdings is PRL on TSX.