Propel Holdings places on The Globe and Mail’s fifth-annual ranking of Canada’s Top Growing Companies.
TORONTO–(BUSINESS WIRE)–Propel Holdings is pleased to announce it placed No. 199 on the 2023 Report on Business 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 a three-year growth rate of 234%.
Propel is a fintech company that facilitates access to credit for consumers underserved by traditional financial intuitions. The company went public on the Toronto Stock Exchange in October of 2021 with a continued focus on sustainable and profitable growth.
“Since day one, we have set out to build opportunity for consumers previously locked out of the credit market. We brought the best of finance and AI-driven technology together to build real solutions for millions of everyday consumers. When you have the courage to tackle big problems, you will see incredible results. We’re just getting started,” said Clive Kinross, Propel’s Chief Executive Officer.
Canada’s Top Growing Companies is an editorial ranking that was launched in 2019. It aims to bring the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary program; companies had to complete an in-depth application process and fulfill requirements. In total, 425 companies earned a spot on this year’s ranking.
The full list of 2023 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here.
“Canada’s Top Growing Companies acknowledges the drive and ingenuity displayed by Canadian business,” says Dawn Calleja, Editor of Report on Business magazine. “This year’s ranking serves as an inspiration for future business owners.”
“This year’s Report on Business magazine’s list of Top Growing Companies shows how innovative ideas always rise to the top, perhaps even more so in times of uncertainty,” says Andrew Saunders, CEO of The Globe and Mail. “The Globe and Mail congratulates this year’s winners for meeting and surpassing those economic challenges.”
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 2.7 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 Holdings
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 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 propelholdings.com.
Contacts
Lindsay Finneran-Gingras
Vice President, Communications
[email protected]
Devon Ghelani
Senior Director, Capital Markets and Investor Relations
[email protected]
