TORONTO, Nov. 6, 2024
/CNW/ - Propel Holdings Inc. ("Propel" or the "Company") (TSX: PRL)
was honored as an Enterprise—Industry Leaders award winner as part
of Deloitte's 2024 Technology Fast 50™ program. The award
recognizes the fastest-growing enterprise-level technology, media,
and telecommunications companies by revenue growth percentage over
their last four years of operation. This category is open to
companies that recorded a minimum revenue of $10 million in 2020 and $50 million in 2023.
Propel ranked 11th in the Enterprise—Industry Leaders
category after its four-year revenue growth percentage of 333%.
Propel's CEO Clive Kinross, credits Propel's AI-powered
technology and mission of furthering financial inclusion, along
with the team's relentless drive with the company's success.
Kinross said, "Today, we have
enabled close to 1.5 million loans and lines of 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."
"The Enterprise—Industry Leaders exemplify the strength and
resilience of Canada's
business landscape, showcasing their ability to navigate
challenges and drive sustainable growth," highlighted Anders McKenzie, the National Technology Fast 50
program leader at Deloitte Canada. "As established leaders in their
industries, these companies have demonstrated their capacity to
innovate, adapt, and transform in a rapidly evolving digital
landscape. By embracing emerging technologies, fostering a culture
of continuous improvement, and leveraging their extensive
resources, these Enterprise –Industry Leaders have positioned
themselves as industry leaders, setting new benchmarks for success.
Their achievements not only contribute to their own organizational
growth but also inspire and shape the future of Canada's technology sector."
About the Deloitte Technology Fast 50 program
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards
program. It recognizes business growth, innovation, and
entrepreneurship in four distinct categories: Technology Fast 50,
Enterprise—Industry Leaders, Clean Technology, and
Companies-to-Watch. The program also recognizes thriving technology
companies in the United States and
Canada in partnership with the
North American Technology Fast 500 program. Program sponsors for
2024 include RBCx, Osler,
EDC, CCI, TMX, Clarity, and Lafond. For more information, visit
www.fast50.ca.
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 AI-powered
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.