Propel Finance

Fintech · Newport, GB

Asset finance provider funding equipment, vehicles and technology for UK SMEs.

Founders

Howard Ross (United Kingdom · ♂) — Left the finance arm of a major UK high street bank in 1996 to set up Henry Howard Finance, an independent SME asset-finance house in Newport that later rebranded as Propel.
Mark Crook (United Kingdom · ♂) — Joined Howard Ross in 1997 as fellow director and group CEO, sharing an entrepreneurial vision for SME funding that grew Henry Howard Finance into one of the UK's largest independent finance houses, later Propel.

Shares the most investors with (number = shared investors):

Date	Round	Amount
Jul 2025	Debt Propel Finance secured £1.5B in debt funding from Barclays, Bank of America, Citi and the British Business Bank to more than double its SME lending capacity.	$1.9B
Aug 2022	Debt London asset-finance lender Propel Finance completed a 500M pound (592M euro) financing round, including a Citi private securitisation and Quilam mezzanine facility, to fund UK SMEs.	$592M

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Data is community-curated and may be incomplete.