- A gross income of $250,000 or more per annum in each of the previous two financial years; or
- Net assets of at least $2.5 million; and
- A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status. Please refer to the Corporations Act: Specifically Section 708(08) and Section s761G(7)
About us
Propell is addressing one of the biggest challenges faced by Australia’s small businesses – the difficulty with accessing finance products. With its unique finance platform, the company has grown organically and is generating revenue ahead of forecasts. Propell is poised to grow exponentially, further supported by its partnerships with Square, Stripe and Zip.
Finance solutions for underserviced small businesses
For Australia’s two million-plus SMEs, financing with banks and other lenders has remained the same for years – time-consuming and tedious. Propell’s all-in-one platform offers small businesses instantaneous line of credit facilities of up to $250,000, and more. Growing its customer base 420% over the past year to ~2000 businesses, the company is targeting 100,000 small businesses in the coming years.
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Our unique placement & key differentiators
An all-in-one solution
We’ve built Australia’s first and only SME-focused finance platform offering lending, insights and payment solutions that address the key financial challenges faced by small businesses – all through one product.
Driven to help small businesses
We are committed to providing small businesses with a solution that banks or other financiers fail to provide – enabling them to easily manage their finances in a way that is cheap, accessible, simple to set up and easy to use.
Focus on growth
Our platform is designed to integrate and scale, helping us grow our customer base exponentially and placing Propell in a position to leverage its partnerships and technology to fuel growth and capitalise on market opportunities.
FY21 annual results presentation
In the recent annual general meeting, Propell’s CEO delivered a presentation on the company’s achievements, growth strategy and resolutions for FY21.
View pdf presentation
Register for an upcoming investor briefing with Propell CEO Michael Davidson to discuss the company’s competitive position and future goals.
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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Our values
Integrity: We act with integrity in all we do including acting lawfully, ethically and responsibly.
Partnership: We work in true partnership with our clients providing expert guidance not just on how to do things but also how they should be done.
Exceptional Service: We are adaptable, agile and decisive providing exceptional service to our clients through experts in each service area to maintain our industry-leading service standards.
Passionate: We are committed to being always passionate and enthusiastic about our clients’ affairs.
Diverse: We embrace our diverse backgrounds, experiences and perspectives working together to deliver superior outcomes.
Open: We encourage everyone to speak-up about the things that matter.
Communications: We value and strive to always deliver communications that are considered, complete, clear, concise and courteous.
Professional: We demand professionalism from each staff member 100% of the time.