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Propel Holdings Ranks on The Globe and Mail's List of Canada's Top Growing Companies

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Propel Holdings Ranks on Canada's Top Growing Companies List

Propel Holdings is proud to announce its placement at No. 199 on the prestigious 2023 Report on Business ranking of Canada's Top Growing Companies. This annual ranking recognizes Canadian companies based on their three-year revenue growth, and Propel secured its position with an impressive growth rate of 234%.

A Fintech Company Driving Financial Inclusion

Propel Holdings is a fintech company that focuses on providing credit access to consumers who have been underserved by traditional financial institutions. With a commitment to sustainable and profitable growth, Propel went public on the Toronto Stock Exchange in October 2021.

Building Solutions for Everyday Consumers

Clive Kinross, Propel's Chief Executive Officer, expressed the company's dedication to creating opportunities for consumers who were previously excluded from the credit market. By combining the best of finance and AI-driven technology, Propel strives to offer real solutions to millions of everyday consumers.
Recognition for Innovation and Ingenuity
Canada's Top Growing Companies is an editorial ranking that highlights the accomplishments of innovative businesses in Canada. To qualify for this voluntary program, companies like Propel had to complete a rigorous application process and meet specific requirements. This year, a total of 425 companies earned a spot on the ranking.
Inspiration for Future Business Owners
Dawn Calleja, Editor of Report on Business magazine, emphasized that Canada's Top Growing Companies serves as an inspiration for future business owners. The ranking showcases the drive and ingenuity displayed by Canadian businesses, particularly in times of uncertainty. Propel Holdings' recognition on Canada's Top Growing Companies list reflects its commitment to financial inclusion and its ability to drive sustainable growth in the fintech industry.

Implications of Propel Holdings' Ranking on New Businesses

Propel Holdings' recent recognition as one of Canada's Top Growing Companies has significant implications for new businesses, particularly in the fintech sector. Propel's impressive growth rate of 234% and its commitment to financial inclusion serve as a powerful example for emerging companies.

Emulating Successful Growth Strategies

New businesses can learn from Propel's successful growth strategies. Propel's focus on underserved consumers and its innovative use of AI-driven technology demonstrate how businesses can identify and fill gaps in the market.

Recognition as a Catalyst for Growth

Being recognized as a top growing company can act as a catalyst for further growth. It not only boosts a company's reputation but also attracts potential investors, partners, and customers.
The Power of Innovation
Propel's recognition underscores the importance of innovation in driving business growth. New businesses should strive to be innovative, not just in their products or services, but also in their business models and strategies. In conclusion, Propel Holdings' success serves as a blueprint for new businesses. By focusing on underserved markets, leveraging technology, and prioritizing innovation, new businesses can achieve sustainable growth and potentially earn their place on future rankings of top growing companies.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/propel-holdings-places-on-the-globe-and-mails-fifth-annual-ranking-of-canadas-top-growing-companies
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