The Work Index by Flexa

Propel Holdings

Propel Holdings is a Canadian fintech company focused on providing access to credit for underserved consumers using AI-powered technology.

7.5

/10

Transparency ranking

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Description

Propel Holdings is a Canadian fintech company focused on providing financial opportunities for underserved consumers. They operate a proprietary AI-powered online lending platform that assesses creditworthiness beyond traditional credit scores, giving a second look to those with uneven or thin credit histories. This technology allows them to facilitate loans and lines of credit to a broader segment of the population, including those who may be locked out of the traditional financial system.

Propel Holdings has a strong track record of growth and profitability, operating in over 30 states and provinces across North America. They've facilitated over a million loans and lines of credit, totaling over a billion dollars in credit facilitated. They also offer "Lending as a Service," providing white label online lending platforms to partners, enabling them to expand their customer base and product offerings while minimizing risk and investment.

Flexibility

Propel Holdings offers flexible and hybrid work arrangements, allowing employees to work remotely and in-office, promoting a healthy work-life balance. They are committed to providing employees with a supportive work environment that encourages flexibility and promotes a positive company culture.

Hybrid

Benefits

Propel Holdings offers a comprehensive benefits package to its employees, including a flexible and hybrid work environment, competitive total compensation, RRSP matching, group health and dental benefits, competitive parental leave policies, a healthcare spending program, and a rewards and perks program. These benefits are designed to support employee well-being, foster a positive work-life balance, and contribute to employee financial security.

Enhanced parental leave

Mission

Propel Holdings' mission is to create a new world of financial opportunity, particularly for underserved consumers. They aim to provide expanded access to credit through their AI-powered lending platforms, while fostering a culture of inclusion, evolution, and exceptional customer experience. They believe that everyone deserves a chance to live a better life, and they are committed to helping individuals achieve long-term financial health and success.

Automation
Data-driven
Disruptor
Social impact led
Soonicorn
Tech for good

Culture

Propel Holdings cultivates a culture of entrepreneurship, where employees are encouraged to be passionate, curious, and growth-oriented. This is fostered through a meritocratic environment that promotes from within, a diverse and inclusive workforce, and a long average tenure for employees. Senior leadership is actively involved in the business and open to employee feedback, demonstrating a genuine care for employee well-being and development.

Agile and dynamic
Autonomous
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
Meritocratic
People-first
Progressive
Supportive
Transparent

DE&I

Propel Holdings emphasizes diversity and inclusion in its workforce, boasting that over 80% of its employees come from diverse backgrounds. The company promotes a culture of meritocracy, with 68% of new roles filled from within, indicating a commitment to employee growth and advancement. Propel recognizes the value of internal talent, providing opportunities for development and career progression, and fostering an environment where individuals feel supported and valued.

Disability representation
Ethnically diverse
Gender diverse

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