The Company Placed 128th out of 417 Companies, With
a Three-Year Growth Rate of 331%
TORONTO, Sept. 27,
2024 /CNW/ - Propel Holdings Inc. ("Propel" or the
"Company") (TSX: PRL) the fintech facilitating access to credit for
underserved consumers, announced it has ranked No. 128 on
the 2024 Report on Business magazine's ranking of Canada's Top Growing Companies.
Canada's Top Growing Companies
ranks Canadian companies on three-year revenue growth. Propel
earned its spot with three-year growth of 331%.
"Powered by a goal to build financial opportunity for consumers
that traditional financial institutions have overlooked, Propel has
grown into one of Canada's fastest
growing companies. Today, we have enabled over one billion dollars in credit to underserved
consumers in North America, but we
won't stop there. Backed by our AI-powered technology and the best
talent, we have set our eyes on global growth. We are making credit
more inclusive and we are just getting started," said Clive Kinross, CEO, Propel.
Canada's Top Growing Companies
is an editorial ranking that was launched in 2019 to celebrate the
achievements of innovative businesses in Canada. To qualify for this voluntary program,
companies had to complete an in-depth application process and
fulfill revenue requirements. In total, 417 companies earned a spot
on this year's ranking.
The full list of 2024 winners along with editorial coverage is
published in the October issue of Report on Business magazine. The
list is out now and online here.
"Our annual ranking of Canada's
Top Growing Companies reflects the sector-spanning ingenuity of
this country's entrepreneurs and corporate leaders," says
Dawn Calleja, Editor of Report on
Business magazine. "And we think it's important to tell their
stories, to help inspire the next generation of up-and-comers
across the country."
"The Globe and Mail congratulates this year's Canada's Top Growing Companies' winners for
achieving exceptional growth and resilience in facing business
challenges," says Andrew Saunders,
CEO of The Globe and Mail. "It is a testament to dedication,
strategic vision, and innovative drive."
About The Globe and Mail
The Globe and Mail is Canada's
foremost news media company, leading the national discussion and
causing policy change through brave and independent journalism
since 1844. With our award-winning coverage of business, politics
and national affairs, The Globe and Mail newspaper reaches 6.2
million readers every week in our print or digital formats, and
Report on Business magazine reaches 2.9 million readers in print
and digital every issue. Our investment in innovative data science
means that as the world continues to change, so does The Globe. The
Globe and Mail is owned by Woodbridge, the investment arm of the Thomson
family.
About Propel
Propel Holdings (TSX: PRL) is the fintech company building a new
world of financial opportunity for consumers, partners, and
investors. Propel's operating brands — Fora Credit, CreditFresh and
MoneyKey — and our Lending-as-a-Service product line facilitate
access to credit for consumers underserved by traditional financial
institutions. Through its groundbreaking AI-driven platform, Propel
evaluates customers in a more comprehensive way than traditional
credit scores can. The result is better products and an expanded
credit market for consumers while creating sustainable, profitable
growth for Propel. Our revolutionary fintech platform has
already helped consumers access over one million loans and lines of
credit and over one billion dollars
in credit. At Propel, we are here to change the way customers,
partners and investors succeed together. Learn more at
www.propelholdings.com
(www.foracredit.ca, www.creditfresh.com, www.moneykey.com)
SOURCE Propel Holdings Inc.