Latest news with #Propel
Cision Canada
3 days ago
- Business
- Cision Canada
Propel to report Q2 2025 financial results
TORONTO, July 16, 2025 /CNW/ - Propel Holdings Inc. ("Propel" or the "Company") (TSX: PRL), the fintech facilitating access to credit for underserved consumers, announced today that it will be reporting financial results for the three months ended June 30, 2025, after market close on Wednesday, August 6, 2025. Propel will be hosting a conference call and webcast with a presentation by Clive Kinross, Chief Executive Officer, and Sheldon Saidakovsky, Chief Financial Officer, before market open on Thursday, August 7, 2025. Conference details are as follows: About Propel Propel Holdings Inc. (TSX: PRL) is the fintech company building a new world of financial opportunity for consumers, partners, and investors. Propel's operating brands — Fora Credit, CreditFresh, MoneyKey and QuidMarket — and our Lending-as-a-Service product line facilitate access to credit for consumers underserved by traditional financial institutions. Through its AI-powered platform, Propel evaluates customers in a more comprehensive way than traditional credit scores can. The result is better products and an expanded credit market for consumers while creating sustainable, profitable growth for Propel. Our revolutionary fintech platform has already helped consumers access over one million loans and lines of credit and over two billion dollars in credit. At Propel, we are here to change the way customers, partners and investors succeed together. Learn more at SOURCE Propel Holdings Inc.
Tom's Guide
08-07-2025
- Business
- Tom's Guide
Amazon, take my money — I'm putting one of these Vitamix blender Prime Day deals in my basket right now
Loved by celebrities, professional chefs, and yours truly, Vitamix blenders really are the best in the game. That's why I took our best blender buying guide and turned it into one long rant about my love for the Ascent Series X2. To add to my excitement, Vitamix blenders just got a lot more affordable thanks to some serious Prime Day deals. Now 40% off, the Vitamix Propel Series 510 is down to $299 at Amazon. And if your budget can stretch a little further, the newly redesigned Ascent Series X3 is down by 31% to $449 in the Prime Day sales. The Vitamix Propel Series 510 is a massive 40% off this Prime Day. Down to just $299, this professional-grade blender features 3 pre-set modes as well as 10 variable speeds which can be used to make everything from smoothies and purées to the soups and chunky salsas. The Explorian comes with 10 variable speeds and a pulse feature for those hearty meals such as chunky, vegetable soups or salsa. The 48-ounce container is sufficient for blending medium-sized batches for the family. What's more, it's self-cleaning and just needs a drop of dish soap and warm water for it to clean itself in 60 seconds. With 10 speeds to choose from, as well as the option to use high or variable power, the Vitamix 5200 blender gives brilliant control. While it has a slender appearance, don't underestimate this blender; with a 64 oz container and 120 volts of power, the blades can generate enough friction to heat soup. Designed to combine professional-level performance with convenience for home cooks, the Propel series features a range of preset blending programs such as Smoothie, Hot Soup, Frozen Dessert, and Dip & Spread. So you can simply switch on your chosen setting and walk away, leaving your Propel blender to do the hard work. This 40% saving is a huge win for such a capable and smart blender. This is probably the best blender deal I've seen while trawling the internet for all the top discounts ahead of Prime Day. While $449 is still a hefty price, it's the only blender you'll ever need to buy. For more great savings on everything from robot vacuums to laptops, take a look at our Prime Day deals live blog.
Yahoo
07-07-2025
- Business
- Yahoo
Propel secures £1.5bn to supercharge SME equipment
Propel Finance has announced the successful completion of a landmark £1.5 billion funding round aimed at expanding access to finance for thousands of small and medium-sized enterprises (SMEs) across the UK. The funding will be used to support businesses investing in critical equipment and vehicles, fuelling innovation and economic growth, the lender said in a statement. The fresh capital injection has attracted backing from a consortium of leading financial institutions and global investors. Among the key elements of the deal is a significant forward flow funding line from Barclays, alongside a new strategic wholesale funding line provided by Bank of America. Propel has also secured extended wholesale facilities with Citi and the British Business Bank, the latter through its ENABLE Funding programme. A new mezzanine facility has been committed by a global alternative investment firm, and several receivables funding lines from global banks have been both extended and increased. Legal advisory roles were played by Ashurst on the Barclays forward flow line, while Blake Morgan provided legal counsel on the wholesale and mezzanine facilities. Interpath acted as advisors on the new mezzanine component. The funding will enable Propel to continue scaling its business, providing vital support to partners and SME customers. The company plans to more than double new lending over the next three years, building on a track record that has seen more than £1 billion lent to over 50,000 SMEs in the last three years alone. As part of its commitment to digital innovation, Propel has invested over £10 million in its proprietary platform, with particular focus on embedded B2B finance solutions. These advancements aim to simplify the process for SMEs to access funding at the point of sale when investing in new technology. Mark Catton, CEO of Propel, said: 'We are thrilled to have secured this transformative £1.5 billion in funding availability, helping us accelerate our growth and support for our partners and SME customers. We are delighted to work with an outstanding panel of institutional lenders and are incredibly grateful for their exceptional support and confidence in the Propel team.' Bank of America's Director of Structured Finance, Andrei Cotonet, said: 'We see significant opportunity in the UK asset finance sector and are proud to support Propel's continued expansion and growth with this strategic funding line. We look forward to seeing the positive impact this partnership will have on businesses across the UK.' A Citi spokesperson added: 'We are pleased to extend our facility with Propel Finance, which will enable Propel to extend their financing solutions to more UK businesses.' Reinald de Monchy, Co-Chief Banking Officer, Products at the British Business Bank, highlighted Propel's long-standing role in SME finance: 'Propel Finance has been an important delivery partner for the Bank via its participation in the ENABLE Funding programme and more recently, their accreditation to the Growth Guarantee Scheme. We welcome this extension of their committed wholesale facility and look forward to the positive impact this funding round will provide to smaller businesses investing in business-critical assets.' "Propel secures £1.5bn to supercharge SME equipment" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Catalyst MedTech Launches Propel Partner Program to Accelerate Innovation and Growth in Diagnostic Imaging
PITTSBURGH, June 17, 2025 /PRNewswire/ -- Catalyst MedTech, a national leader in nuclear medicine and molecular imaging solutions, today officially announced the launch – and ongoing expansion – of its Propel Partner Program—a game-changing initiative designed to provide OEMs with customizable support and service packages that deliver the infrastructure needed for operational success in the United States. More than a service contract, Propel is a partnership platform that gives forward-thinking OEMs access to Catalyst MedTech's nationwide support ecosystem. The program offers scalable services including customer service dispatch, field service, system installation, clinical applications training, warehousing and parts logistics, as well as access to Catalyst's proprietary operations and inventory platform. "This program puts our collaboration value into motion," said Martin Shirley, President and CEO of Catalyst MedTech. "Propel is for innovative technology developers that want instant operational infrastructure — they want a partner who understands their vision and has the infrastructure to help them achieve it. We're not here to do what's always been done — we're here to help the industry move forward, partner by partner." As the program gains momentum, Catalyst is already partnering with forward-thinking organizations like Epica International, who recently enrolled as the third official Propel Partner. Epica International, a U.S.-based innovator in CT imaging for both veterinary and human applications, is leveraging Catalyst MedTech for expert field service, operations, and support infrastructure in the U.S. market. This partnership enhances Epica's ability to support its 400+ domestic installations and scale service delivery in line with future growth. "It has truly been an exceptional experience working with Catalyst's team," said Omar Oliveros, U.S. Director of Service and Support at Epica International. "The quality of service and professionalism demonstrated throughout the process have been outstanding. We're confident this is just the beginning of a strong and mutually beneficial partnership—one that will positively shape the customer experience moving forward." "We're proud to welcome Epica to the Propel Partner community," added Shirley. "They're doing important work to push the boundaries of CT imaging, and our role is to help ensure their systems are supported with the same standard of excellence their technology delivers." As the only independent, ISO-certified service provider offering OEM-grade, multi-vendor support for nuclear medicine, molecular imaging, and CT systems, Catalyst MedTech is uniquely positioned to help Propel Partners overcome today's industry challenges—most importantly by delivering the nationwide infrastructure needed to ensure end-customer success and accelerate market penetration of critical diagnostic imaging technologies. The benefits of aligning with Catalyst MedTech include: Nationwide field service coverage Warehousing, storage, and distribution for mission-critical parts Customer service dispatch and case management Access to proprietary operations platform with real-time dashboarding Clinical and technical consulting for system and protocol development The Propel Partner Program is open to OEMs at all stages of growth—from early-stage innovators to established manufacturers. Additional partner announcements will be shared throughout 2025. Heading to SNMMI 2025? Stop by Booth #701 in New Orleans to connect with the Catalyst team and see what's possible. About Catalyst MedTechCatalyst MedTech is a nationwide provider of nuclear medicine, molecular imaging, and CT solutions. With OEM-trained service teams, clinical applications expertise, and a multi-vendor equipment offering, Catalyst helps healthcare providers across the U.S. "See What's Possible" in diagnostic imaging—today and tomorrow. Learn more at Contact:Kate Kinsellkkinsell@ View original content to download multimedia: SOURCE Catalyst MedTech Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
09-06-2025
- Business
- Business Upturn
Zaggle buys two companies in a single day, pumps Rs. 150 crore
The company is set to acquire a 100% stake in Dice and GreenEdge The company has made four acquisitions in the last four months, infusing about Rs. 215 crore MUMBAI, India , June 9, 2025 /PRNewswire/ — Zaggle Prepaid Ocean Services Limited, India's leading spend management company, is set to acquire a 100% stake in Dice and GreenEdge Enterprises for ₹150 crore. These consecutive acquisitions will enhance Zaggle's presence in the Indian market, significantly broaden its portfolio of advanced spend management solutions and further strengthen its offerings in the loyalty, rewards and travel segments. With this acquisition, Zaggle has completed four strategic takeovers in the past four months, totalling nearly ₹215 crore. These moves align with the company's ambition to become a $1 billion revenue enterprise within the next five to seven years. Zaggle is strategically deploying the ₹595 crore raised through its Qualified Institutional Placement (QIP) to acquire companies that are product-accretive, geography-accretive, or EBITDA-accretive, while ensuring sustained positive returns on equity and investments. Incorporated in 2018, Dice is a Pune -based AI-driven enterprise spend management platform, specializing in Spending as a Service. Its suite of solutions encompasses travel and expense management, accounts payable management and procurement management solutions. Its unified platform offers seamless self-booking, approvals and reconciliations with built-in policy controls, streamlining the entire spend cycle for businesses. The company has demonstrated consistent growth over the last two years, clocking a turnover of over Rs. 6 crores in FY24. The acquisition of Dice will significantly enhance Zaggle's existing product portfolio, transforming it into a more comprehensive and integrated suite of spend management solutions. Through this acquisition, Zaggle will gain access to Dice's established customer base, which includes prominent enterprises such as Tata AIA, Bajaj Electricals and DTDC, further reinforcing its market presence. The combined capabilities will not only deepen Zaggle's reach within the Indian market but also create new opportunities to deliver its advanced solutions on a global scale. GreenEdge Enterprises, on the other hand, is a specialized solution provider for golf travel, unique experiences and access-based rewards. With its stronghold in India , the company achieved a turnover of Rs. 19.82 c rores in FY24. This acquisition will enhance Zaggle's product offerings in the loyalty and rewards and travel segment, providing a substantial boost to its Propel offering. Zaggle had recently announced the acquisition of a 51% Controlling Stake in EffiaSoft and a 38.34% stake in Mobileware Technologies. The company had recently reported a consolidated profit after tax (PAT) of Rs. 87.4 crore for FY25, up from Rs. 44 crore in FY24. About Zaggle Founded in 2011, Zaggle (BSE: 543985) (NSE: ZAGGLE) is a leading player in spend management, offering a differentiated value proposition with a diversified user base. Operating within the business-to-business-to-customer (B2B2C) segment, Zaggle stands out as one of the few companies with a comprehensive range of financial technology products and services. Zaggle is one of India's top issuers of prepaid cards, collaborating with banking partners to drive its card offerings. The company also boasts a diverse portfolio of SaaS products and an extensive network of touchpoints. As of March 31, 2025 , Zaggle has issued over 50 million prepaid cards, serves more than 3,400 corporate enterprise clients and supports a user base exceeding 3.2 million. With a robust corporate client base spanning various industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobiles, Zaggle is well-positioned as a leading player in the spend management sector. For more information, please visit the company website or follow us on LinkedIn View original content: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.
