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Listed on the TSX since 2021, we bring the best of finance and technology together in an AI-driven consumer lending platform that evaluates consumers in a more comprehensive way than traditional credit scores. This broadens access to credit for underserved consumers while creating sustainable and profitable growth. It’s a model that’s changing borrowing for our consumers while delivering tremendous value for partners and shareholders.
Committed to profitable growth, Propel has become one of the fastest growing fintechs not only in Canada, but in North America as well. And we’re just getting started.
Operating in
States and Provinces in North America
Total Originations Funded since Inception1
Total Loans and Lines of Credit Facilitated Since Inception1
Combined Loan and Advance Balances CAGR since 20192, 3
Revenue CAGR since 20192
Net Income CAGR since 20192
Adjusted Net Income CAGR since 20192,3
1) From inception through to December 31, 2023
2) From FY 2019 to FY 2023
3) Disclaimer: Ending Combined Loan and Advance Balances and Adjusted Net Income are non-IFRS financial measures. Please refer to "Non-IFRS Financial Measures and Industry Metrics” and “Key Components of Results of Operations” in Propel’s Q2 2023 MD&A available on SEDAR+ for further details concerning these non-IFRS financial measures including definitions and reconciliations to the relevant reported IFRS measures.
Over a decade ago, we set out to build a new world of financial opportunity for consumers, partners, and shareholders. Since then, we have made huge strides, but there remain hundreds of millions of consumers still locked out of the financial market.
1 ) Spherical Insights (April 2023), includes consumer, small business and real estate lending
2) TransUnion’s Credit Vision Risk Score (2021), National Survey of Unbanked and Underbanked Households by the Federal Deposit Insurance Corporation (“FDIC”)
3) BDO Affordability Index in 2022
4) Federal Reserve Report on the Economic Well-Being of U.S. Households in 2022 (May 2023)
Global fintech lending market estimated
USD1
Estimated
underserved consumers in North America2
Canadians say they’re living paycheque to paycheque3
U.S. adults are unable to afford a $400 emergency expense4
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