When was Propel Finance founded?

Propel Finance was founded in 1996 and raised its 1st funding round 25 years after it was founded.

Where is Propel Finance located?

Propel Finance is headquartered in Langstone, United Kingdom. It is registered at UNIT 5,LANGSTONE BUSINESS VILLAGE,LANGSTONE PARK LANGSTONE,NEWPORT,NP18 2LH.

Who is the current CEO of Propel Finance?

Truman Du and Mark Catton s of Propel Finance.

How many employees does Propel Finance have?

As of Apr 30, 2026, the latest employee count at Propel Finance is 194.

Is Propel Finance a funded company?

Propel Finance is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Jul 27, 2021.

When was the latest funding round of Propel Finance?

Propel Finance's latest funding was a $***** Conventional Debt round on Jul 03, 2025, with participation from 4 investors.

Where does Propel Finance rank among its competitors?

Propel Finance ranks 18th amongst 215 active competitors, of which 15 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Propel Finance, which secured $2.05B in Jul, 2025.

Who are the top competitors of Propel Finance?

Propel Finance's top competitors include WuXi AppTec, Greensill and Newable. Among them, Propel Finance secured the most recent funding round in July, 2025.

Propel Finance - 2026 Company Profile, Team, Funding & Competitors

Propel Finance is a funded company based in Langstone (United Kingdom), founded in 1996. It operates as a Provider of business loans. Propel Finance has raised an undisclosed amount in funding. The company has 215 active competitors, including 15 funded and 30 that have exited. Its top competitors include companies like WuXi AppTec, Greensill and Newable.

Company Details

Website: propelfinance.co.uk
Registered Address: UNIT 5,LANGSTONE BUSINESS VILLAGE,LANGSTONE PARK LANGSTONE,NEWPORT,NP18 2LH

Key Metrics

Founded Year

1996

Location

Langstone, United Kingdom

Stage

Funding Raised

Latest Funding Round

Conventional Debt, Jul 03, 2025, $*****

Investors

Citi & 6 more

Ranked

18^th among 215 active competitors

Employee Count

194 as on Apr 30, 2026

Similar Companies

AYEFin & 2426 more

View Propel Finance's full profile

Propel Finance is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROPEL FINANCE PLC CIN: 4015132 , United Kingdom, Active	Jun 14, 2000	-	-

Propel Finance has raised funding over 3 rounds. Its first funding round was on Jul 27, 2021. Its latest funding round was a Conventional Debt round on Jul 03, 2025 for $*****. 4 investors participated in its latest round. Propel Finance has 7 institutional investors.

Here is the list of recent funding rounds of Propel Finance:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 03, 2025	8968234	Conventional Debt	5977928	2446102	8284682	7821165
Aug 23, 2022	6722015	Conventional Debt	5056678	9507815	6595823	Citi & 1 more
Jul 27, 2021	4481312	Conventional Debt	3977035	9906974	5244972	British Business Bank

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View details of Propel Finance's funding rounds and investors

Propel Finance's employee count trend

Propel Finance has 194 employees as of Apr 26. Here is Propel Finance's employee count trend over the years:

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Top competitors of Propel Finance include WuXi AppTec, Greensill and Newable. Here is the list of Top 10 competitors of Propel Finance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	WuXi AppTec 2000, Shanghai (China), Public	Provider of CRO and CDMO services	$40M	Synergis Capital, HongShan & 27 others	79/100
2nd	Greensill 2011, London (United Kingdom), Series E	Provider of working capital loans	$1.7B	SoftBank Vision Fund, General Atlantic & 5 others	60/100
3rd	Newable 1982, London (United Kingdom), Acquired	Provider of business loans	-	British Business Investments, Europa	59/100
4th	Ultimate Finance 2002, Bristol (United Kingdom), Funding Raised	Provides working capital loans for SME's	-	Tavistock Group, HSBC & 4 others	59/100
5th	Close Brothers 1878, London (United Kingdom), Acquired	Diversified NBFI	-	-	58/100
6th	Development Bank of Wales 2001, Wrexham (United Kingdom), Funding Raised	Provider of equity funding and business & property development loans	-	-	56/100
7th	Noumed 2014, Maidenhead (United Kingdom), Seed	Company specializes in manufacturing and marketing of generic pharmaceutical products	$915K	-	53/100
8th	Bibby Financial Services 1982, Liverpool (United Kingdom), Acquired	Provider of asset financing and leasing services	-	British Business Bank	52/100
9th	AlbaCo 2017, Glasgow (United Kingdom), Series A	Bank providing lending and savings facilities to small and medium sized enterprises	$7.92M	Seismic Venture Partners, Caledonian Holdings PLC ... & 1 others	50/100
10th	Distribution Finance Capital 2019, London (United Kingdom), Public	Provider of working capital loans	-	Kinled Holding	50/100
18th	Propel Finance 1996, Langstone (United Kingdom), Funding Raised	Provider of business loans	-	Citi, Citi & 5 others	44/100