Propel Finance

What Propel Finance does

Propel Finance is a UK-based, privately held equipment and asset finance lender that provides flexible funding options to businesses for the acquisition of equipment and technology. The firm operates a proprietary technology platform that supports asset finance processing, underwriting, and lending operations, and it describes its differentiator as integration and interoperability with partner distribution channels. Its product surface spans asset finance solutions tailored to the borrowing profile and equipment under finance, with pricing quoted on an individualised basis rather than published as a standard rate card.

The company serves three primary segments — SME, mid-sized businesses, and large corporate clients — all in the United Kingdom, addressing pain points around limited access to traditional bank financing and the need for flexible funding structures to support equipment and technology investments. Propel generates revenue through transaction-fee and net-interest income on its asset finance lending book, which has grown by 600% over a five-year window. The firm accesses capital through debt funding rather than equity issuance, completing £1.5 billion in cumulative 2025 funding and a £306 million inaugural public securitisation (Velocity 2026-1) in March 2026, which was 2.7x oversubscribed and priced with AAA-rated Class A notes from S&P Global and Fitch.

Go-to-market is structured around a B2B partnership model layered with direct specialist sales. The headline channel partnership with Santander Corporate and Commercial Banking (announced April 2026) combines Propel's technology platform and asset finance expertise with Santander's relationship management team and UK corporate client base. A direct B2B sales motion targets mid-sized and large corporate clients. Ownership structure, founders, and equity investors are not disclosed in available sources.

Name

Propel Finance

Legal name

Propel Finance

Website

https://propelfinance.com.au

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Equipment & Asset Finance Lending

NAICS

Sales Financing (52222)

SIC

Finance Lessors (6172)

akta.pro primary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

Keywords

• Equipment finance
• Asset finance lending
• Business equipment loans
• SME asset financing
• Technology investment funding

Headquarters

HQ city

Dandenong

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Finance Lending: Propel Finance generates revenue through equipment and asset finance lending to businesses, providing flexible funding options for equipment and technology investments. The company has grown its lending book by 600% over five years and has accessed public capital markets via securitisation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Propel Finance is a UK-based equipment and asset finance lender that provides flexible funding options to businesses for the acquisition of equipment and technology. The firm operates a proprietary technology platform that underwrites and processes asset finance transactions, and distributes its solutions through strategic banking partnerships (notably Santander Corporate and Commercial Banking) as well as direct sales to SME, mid-sized, and large corporate clients across the United Kingdom.

Product overview

Propel Finance operates as a UK-based equipment finance lender offering asset finance solutions through its technology platform. The company provides flexible funding options to help businesses invest in equipment and technology, supporting growth ambitions across SME, mid-sized, and large corporate segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Finance Solutions Technology-enabled asset finance product providing flexible funding to UK SMEs, mid-sized, and large corporate clients for the acquisition of equipment and technology assets. Distributed via the Propel technology platform in combination with the Santander Corporate and Commercial Banking partnership and direct B2B sales.

Quantifiable outcome

• Lending book grew 600% over five years
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Santander Corporate and Commercial BankingcoreChannel Partner/ Reseller/ Distributor · 10 April 2026Santander Corporate and Commercial Banking has partnered with Propel Finance to provide asset finance solutions to its SME, mid-sized, and large corporate clients in the UK. The collaboration combines Propel's technology platform and specialist asset finance expertise with Santander's relationship management team and client base, responding to strong market demand for flexible funding options. The partnership aims to help businesses invest in equipment and technology to support their growth ambitions.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• MarketFinance: UK business finance provider offering invoice finance, business loans and asset-based lending to SMEs. Directly comparable business model and target borrower segment to Propel's SME asset finance offering.
• Zopa: UK digital bank and consumer/SME lender. Comparable as a UK fintech using technology and capital markets funding to scale consumer and small-business credit products.
• Together Money: UK specialist lender offering secured and asset-backed loans to SMEs, homeowners and individuals. Comparable as a UK-based specialist lender using securitisation and capital markets to fund asset-backed lending.
• Funding Circle: UK-listed SME-focused online lending platform. Highly comparable to Propel given overlapping UK SME borrower base, technology-driven origination, and use of securitisation and institutional capital markets for funding.
• Lendable: UK fintech lender providing consumer and SME credit through institutional and securitisation funding. Comparable on tech-enabled lending model, UK focus, and reliance on ABS markets for low-cost funding.

Broad incumbents

• Starling Bank: UK digital bank with a growing SME lending proposition. Comparable as a tech-enabled UK lender serving SMEs, though operates a much broader deposit-funded product set than Propel.
• DLL (De Lage Landen): Global vendor and equipment finance company operating across multiple asset classes. Comparable on equipment/asset finance origination, structuring and securitisation, though at much larger scale and with global reach.
• Aldermore: UK specialist bank focused on SME and asset finance. Comparable on UK SME and equipment finance lending and on use of securitisation as part of its funding toolkit.
• Atom Bank: UK digital challenger bank offering business and SME lending products. Comparable on technology-led UK SME credit underwriting, though broader in product scope than Propel's equipment-finance focus.
• Close Brothers: UK-listed specialist bank with a substantial asset finance and SME/commercial lending division. Comparable on UK asset finance and equipment leasing products, though much larger and more diversified.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AccelerateUrSuccess

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Propel Finance