Propel Finance

Investor: British Business Bank

The British Business Bank has agreed to provide a £75 million ENABLE funding facility to Propel Finance, a leading UK asset finance provider, and has also invested in Propel's first public asset-backed securitisation, Velocity 2026-1.Summary of transaction details:Value: £75,000,000Sector: Fintech & Asset FinanceAdvisor: Not mentionedKey Entities: Propel Finance (Target), British Business Bank (Investor)Location: UKNote: This transaction represents a strategic move to support the expansion of funding options for UK small and medium-sized enterprises by enabling Propel Finance to scale its lending and diversify its funding sources through public capital markets.

Investor: Barclays, Bank of America, Citi, and the British Business Bank

Propel Finance has secured a landmark £1.5 billion funding facility to expand its lending operations and support small and medium-sized enterprises (SMEs) across the UK. Summary of transaction details: Value: £1.5 billion Sector: Fintech Advisor: Ashurst, Blake Morgan, Interpath Advisory Key Entities: Propel Finance, Barclays, Bank of America, Citi, and the British Business Bank Location: UK Note: The funding will enable Propel to accelerate access to finance for businesses in critical sectors, supporting the government’s wider efforts to increase SME access to finance and fuel growth in the UK’s business ecosystem.