Propel Holdings

This week, I reached my 2-month mark at Propel Holdings! I’m still learning so much about the business, our customers, the regulatory requirements in this industry and the team. I feel I’ve already been able to make meaningful contributions in various ways. I shared a vision for how Tech can better enable the business a few weeks ago and it resonated with many folks. I’m solving challenging problems, feeling supported and having fun! Today, I feel like I’ve officially joined the executive team with the posting of my bio on our Leadership ( https://lnkd.in/gmYqhEYS ) page! 😊 Love being part of this talented team!

What’s next in fintech? Our Noah Buchman and Jonathan Goler joined US fintech and finance leaders to discuss the future of the industry and trends that are shaping it at Opal Group ABS Summit & Fintech Specialty Finance Forum 2024.   Jonathan spoke to the use of AI in fintech and banking, and how we at Propel, use AI to bring more consumers into the credit market at the "Utilizing Technology & AI in Lending & Embedded Finance session"   And Noah spoke about how we build mission aligned partnerships with banks and fintech's to expand the credit market to more consumers, at the “Partnerships with Banks, FinTech’s and Platforms session”.

For the second year in a row, we have been recognized as one of North America's fastest growing companies on the Deloitte Technology Fast 500. This achievement is a testament to the hard work of our team, our leading AI-powered technology and the trust and support of our community. Over the past year, we have continued to push boundaries, innovate and grow- all while staying true to our goal of building a new world of financial opportunity for our consumers, partners and investors. Learn more about the full ranking: https://lnkd.in/eWSh8Ymg

Missed our DMZ Connect Innovators Breakfast sponsored by Propel Holdings? Recap an inspiring morning packed with insights, networking, and forward-thinking discussions in the FinTech space! ⤵️📹 A huge thank you to our incredible panelists for sharing their expertise: ➡️ Noah Buchman – Chief Revenue Officer, Propel Holdings ➡️ Archit Chitnis – Head of Product, Payments, Data & AI, Scotiabank ➡️ Eva Wong – Co-Founder & COO, Borrowell ➡️ Michael F. – Chief Risk Officer, KOHO A special shoutout to our moderator, Salman A. – Executive Director, Corporate Partnerships, Dow Jones, for leading such a dynamic discussion. Thank you to everyone who joined us to spotlight the innovations shaping Canada's FinTech landscape and updates in data, AI, regulation and financial inclusion. Interested in joining our exclusive #DMZConnect partner program? ➡️ dmz.to/connect  Kathy Kelly, Alex Husarewych

Today we officially welcome the QuidMarket team to Propel. Together, we will build a UK leader. The closing of the Acquisition of QuidMarket is a critical step in our journey to become a global leader in building financial opportunity. Backed by Propel's AI-powered technology, financial and operational expertise, and capital resources, we believe QuidMarket will be able to accelerate its growth while broadening access to credit for more underserved consumers. We're building a new world of financial opportunity, together. Full Release: https://lnkd.in/gAdvrQvF

For 30 years, we’ve celebrated entrepreneurs who inspire change. The EY Entrepreneur Of The Year 2024 regional Award winners have been announced and we're pleased to congratulate all of them! 🎊 Stay tuned to learn who will win the national title on November 26! https://go.ey.com/3OaDZNz 🎉: Hakan Uluer of The Bertossi Group 🎉: Ken Harris of Plusgrade 🎉: Clive Kinross of Propel Holdings 🎉: Denis Jones of Deveraux Group of Companies 🎉: Tobyn Sowden of Redbrick #EYCanada | #EOYCanada | #Entrepreneurship

We’ve had a busy few weeks at Propel. As we continue to grow - telling our story, advocating for building inclusive financial systems and fulfilling our mission is more important than ever. Here are some of the highlights from an eventful past week here at Propel:   We were recognized as a winner in the Enterprise-Industry leader category of the Deloitte Fast 50™ Program   Our CEO Clive Kinross and CFO Sheldon Saidakovsky were invited to the TMX Group Market Centre to open the market and celebrate as part of the Deloitte Fast 50™ Program   Our CEO Clive Kinross joined the Deloitte Fast 50™ Summit, speaking about our IPO journey the pros and cons of running a public company and lessons learned several years into our journey.   Our very own Noah Buchman spoke to industry leading experts about building inclusive financial products, through technology, at the DMZ Connect Innovators Breakfast with Borrowell, KOHO & Scotiabank. Followed by a panel at the Canadian Lenders Association Lenders' Summit 2024 with Sagard & KOHO to talk about how embedded lending partnerships can broaden the credit market.   And lastly, last week we delivered another quarter of record-breaking results supported by our AI-powered technology platform.

The decision to take Propel Holdings public was one of the biggest in my entrepreneurial journey. Today I joined Dani Lipkin from TMX Group, to talk through the pros and cons of running a public company and lessons learned several years into our journey. Thanks Deloitte Fast 50 for hosting the discussion, it was a great way to cap off a day connecting with other Canadian technology leaders.

Building on a record first half of fiscal year 2024, we are proud to deliver another quarter of record results in Q3 - including record Total Originations Funded*, Revenue and ending CLAB*.  We experienced strong consumer demand this quarter, leading to record ending CLAB*, up 44% over Q3 2023. Supported by our AI-powered technology platform, we delivered strong credit performance, while significantly growing our overall loan portfolio. As our CEO, Clive Kinross shared "Our Q3 results are a testament to the commitment of every single team member. Together, we are proving what’s possible when we remain focused, adapt to our consumers needs, and push the boundaries of what we can achieve. I couldn’t be prouder of where we are, and where we are going"  We are just getting started. Read our full results: https://lnkd.in/eg_sJJT5 *Total Originations Funded, Adjusted EBITDA, Adjusted Net Income, Adjusted Return on Equity and Ending CLAB are non-IFRS financial measures. Please refer to "Key Components of Results of Operations" in Propel’s accompanying Q3 2024 MD&A available on SEDAR+ for further details concerning these non-IFRS financial measures including definitions and reconciliations to the relevant reported IFRS measure.

Today, our CEO Clive Kinross and our CFO Sheldon Saidakovsky, opened the Toronto Stock Exchange to recognize Propels' placement on the Deloitte Technology Fast 50™. Standing on that stage was a powerful reminder of our journey, the hard work, and the support that has brought us to this moment.