Propel Finance

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.