Propell : 2021 AGM - Chairman's address & company update
November 25, 2021 at 08:40 am IST
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COMPANY UPDATE
2021 Annual General Meeting
November 2021
only2021 Annual General Meeting
useersonal2 Propell Investor Presentation
Chairman's Address
Good afternoon my name is Ben Harrison and as Chairman, I am pleased to welcome you to the 2021 Annual General Meeting of Propell Holdings Limited.
The format for today's AGM will firstly cover the formal part of the meeting which is to consider and approve the relevant resolutions set out in the notice of meeting. This will be followed by a short presentation from our CEO, Michael Davidson.
Over FY21 the Company made significant progress in building out the Platform and its features. The addition of new features on the Platform allows us to attract new customers and increase revenue per customer as the new features gain traction.
The success of this approach is shown in the growth across all key metrics including, revenue, customer numbers and loans.
Over the financial year we have also made a significant investment in our people. The team now covers key areas across marketing, client support, risk and technology development. I would like to take this opportunity to thank and acknowledge the Propell team for their efforts.
I would like to thank shareholders for their support over FY21. The board believes that the company is in a strong position to capitalise on the foundation that it has created in the last two financial years and capitalise through accelerated growth in the global payments industry with our leading solutions.
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We empower SMEs to understand
their financial health and take control
of their finances
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We are transparent about how we
assess their business … and share
those insights
We have a unique and valuable,
direct relationship with our
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customers
We are rapidly expanding the range
of products and services to become their default provider
3 Propell Investor Presentation
2m+
55m+
350m+
Aus
US, UK, EU
Global
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Customer numbers are growing rapidly, up >300% since IPO and ahead of plan for 3,000 in 2 years
A number of key products launched this year with several more substantial launches planned before mid-December
Recognition of innovation, Winner - Finder Best B2B Innovation award
Focuses for coming
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DRIVING GROWTH IN CUSTOMERS ON PLATFORM
More users = more data, volume and revenue
DIVERSIFYING ACQUISITION CHANNELS
New GTM channels and partnerships (eg. Square) to drive down acquisition costs
CONTINUED EXPANSION OF PRODUCT AVAILABLE ON PLATFORM
SME Account & virtual cards with expense management, Expanded lending proposition,
Business Pulse with advanced product placement
ORGANISATIONAL DEVELOPMENT
Focus on financial performance and continued improvements in governance and ESG
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Propell Holdings Ltd. published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 03:09:02 UTC.
Propell Holdings Limited is an Australia-based company that offers financial services platform targeted at addressing all financial needs of Australian small to medium business owners. The Companyâs operations consist of the provision of financial services to small businesses in Australia, primarily through advancing loans and providing payment processing options. It offers Business Pulse, an automated tool that gives its customers a free insight into their business to keep them informed and help them make better decisions. The Companyâs platform is digital, cloud-based and data driven focused at improving the cashflow and financial wellbeing of small businesses by aggregating a range of finance products and services, including lending, payments and cashflow forecasting tools. The Company leverages its customer data with an artificial intelligence (AI) based engine to deliver its products in an entirely digital manner.