‘Pieces are in place for us to accelerate’: Fintech Propell Holdings sets sights on near-term profitability
February 8, 2024
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Company Presentation
As Australia’s first and only SME-focused all-in-one finance platform, Propell’s digital-first approach makes it highly scalable and allows for easy integration with other financial services. With no immediate competitors, the company has leveraged its first-mover advantage into exponential growth, supported by partnerships with Square, Stripe and Zip. Propell has a customer base of ~2000, which is growing over 30% per quarter, and is generating revenue ahead of forecasts.
Read the investor presentation here.
Notice of Meeting
Click here to view the Notice of Meeting.
Watch this 5-minute video to hear from CEO Michael Davidson to learn more about:
- How Propell has accelerated its growth through partnerships with industry leaders Square, Stripe and Zip
- How the company’s pure tech approach and first-mover advantage is disrupting the SME finance market with more than 1.25 million potential customers
- How the company organically grew 420% since March 2021, hitting 30% quarter-on-quarter growth in March 2022, and its plans to continue growing exponentially
To stay up to date on Propell’s corporate activity and announcements or to receive alerts on any company events, please register to our investor mailing list.
Our board
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Michael Davidson
CEO
Michael Davidson
CEO
Michael has a genuine intention to help small businesses thrive. Formerly CEO of a leading SME payments provider for five years, he joined Propell Holdings as CEO in 2015 and has since helped pivot the company into its full-service finance platform, growing its customer base to more than 2000. Michael is keen to capitalise on Propell’s head start and deliver an exceptional product along with significant customer growth.
Jeremy Loftus
Director
Jeremy Loftus
Director
Jeremy’s experience spans more than twenty years and has included several ASX listed companies as well as multiple start-ups. Within a diverse range of sectors in Australia, he have contributed in early growth phases through to public listing and beyond, capturing opportunity in equity and debt funding markets to sustain high growth
Ben Harrison
Chairman
Ben Harrison
Chairman
Ben has vast experience in advising and investing in companies. He is CIO of alternative asset manager Altor Capital. Ben has been instrumental in numerous successful exits and is actively involved at the board level of investee companies.
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Live Investor briefing
Propell (ASX: PHL)
Register for an Upcoming Webcast
Please join Propell CEO Michael Davidson for an investor briefing.
In the session, Michael will discuss:
- Our recent progress on the platform, cost base, and establishing a broker network
- Our focus on being the go-to finance solution for small businesses
- Our plans to take the company to a positive EBITDA and cash flow position
This is a live and interactive online session, and participants are encouraged to ask questions. Spots are limited, so secure yours today.
Can’t make this time, register to receive the replay.
Attend the Session
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Register for an upcoming investor briefing with Propell CEO Michael Davidson to discuss the company’s competitive position and future goals.
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