Propel Finance

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: £75,000,000
• Sector: Fintech & Asset Finance
• Advisor: Not mentioned
• Key Entities: Propel Finance (Target), British Business Bank (Investor)
• Location: UK

Note: 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.