Propel Finance specialises in asset finance, supplying UK small and medium-sized enterprises with funding to purchase equipment, vehicles and technology. The firm is rooted in Newport and brings over three decades of sector experience to its SME customers. Its proprietary digital platform, Propeller, automates quoting, speeds approvals, integrates with CRM systems and manages digital documentation; Propel has invested over £10 million in this infrastructure to date. Propel has already served more than 50,000 UK SMEs and integrates finance at point-of-sale while providing real-time management information. The company recently secured a major funding injection intended to more than double its lending capacity. Going forward Propel plans to double new lending volumes over the next three years, expand its partner network, invest further in digital and embedded finance solutions, and develop products to help SMEs invest in sustainable technologies.

Total raised

$2.0B

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2025