Clive Kinross
recognized for advancing financial access through
innovative solutions
TORONTO | TRADITIONAL TERRITORIES OF THE
MISSISSAUGAS OF THE CREDIT, THE ANISHNABEG, THE CHIPPEWA, THE
HAUDENOSAUNEE AND THE WENDAT PEOPLES, Oct. 25,
2024 /CNW/ - Clive Kinross, CEO and founder of
Propel Holdings, (TSX:PRL) — a trailblazing FinTech company
that has significantly expanded financial opportunities for
underserved consumers — is this year's EY Entrepreneur Of The
Year® 2024 Ontario Overall Award winner. Kinross was
recognized alongside 10 other entrepreneurs at last night's
celebration, hosted in Toronto.
"Clive has driven Propel to the forefront of the FinTech
industry with his forward-thinking approach and steadfast
dedication to financial empowerment," shares Stephanie Lamont, EY Entrepreneur Of The Year
Ontario Program Co-Director. "His strategic use of AI technology is
revolutionizing credit access, demonstrating a perfect blend of
cutting-edge solutions and a profound understanding of consumer
needs."
Since 2011, Propel has been transforming financial inclusion
with its brands — Fora Credit, CreditFresh and MoneyKey — and
its lending-as-a-service products. Employing proprietary AI that
analyzes more than 5,000 data points in seconds, Propel matches
users with tailored financial products, offering more favorable
rates and amounts. This innovation has transformed credit
assessment, facilitating over one million loans and more than
one billion dollars in credit.
Under Kinross's leadership, Propel has seen explosive growth in
Canada and the US and continues to
expand into new markets. His personal journey from immigrant to top
entrepreneur underscores his commitment to opportunity and
diversity. Propel's workforce and customer base reflect this
dedication, with initiatives like its graduation program positively
impacting over 750,000 underserved individuals over the past 12
years.
"Clive's dedication to creating opportunities for all
exemplifies his visionary leadership and sets a new benchmark in
entrepreneurship," says Christopher
Gordon, EY Entrepreneur Of The Year Ontario Program
Co-Director. "We're thrilled to welcome him to our global network
of entrepreneurs, who are driving Ontario's prosperity and shaping a brighter
future through their innovative businesses."
The EY Entrepreneur Of The Year 2024 Ontario Award
winners:
Geraldine Brouwer and
Robert Brouwer | Big Country Pet
Co.
Lekan Olawoye | Black
Professionals in Tech Network Inc.
Nicolas Mulroney | Bond Bakery
Brands Limited
Luc Stang | Gincor Werx
Sarab Hans | Hans Dairy Inc.
Kurtis McBride | Miovision
Len Anderson | Renaissance Repair
and Supply
Tony Giorgi | Sensi Brands
Inc.
Robert Johnson | Treasure Mills
Inc.
The EY Entrepreneur Of The Year 2024 Ontario Emerging
Entrepreneur Special Citation:
Helen Smith | Roo & You
What's next?
As the Ontario region's EY
Entrepreneur Of The Year 2024, Kinross will compete with
winners from the Pacific, Prairies, Québec and Atlantic regions for
the national honour of Canada's EY
Entrepreneur Of The Year 2024, which will be presented at a
celebration on November 26, 2024 in
Toronto. In June 2025, Canada's EY Entrepreneur Of The Year 2024 will
then move to the world stage to compete with more than 50 other
country recipients for the title of EY World Entrepreneur Of The
Year™ hosted in Monaco.
More information
Follow @EYCanada and #EOYOntario on social for the latest
event updates. Visit ey.com/ca/EOY for more program details and a
complete list of finalists and winners.
About EY Entrepreneur Of The
Year®
The EY Entrepreneur Of The Year program shines a spotlight
on entrepreneurs across Canada who
master the artful balance of passion, determination, character and
skill to create businesses that address the most complex challenges
and build a better working world. By joining the program, you'll
have the opportunity to celebrate success with your team, inspire
the next generation of entrepreneurs and gain access to an
exclusive global network of program participants that help to build
connections, fuel success and navigate long-term growth.
The 2024 Ontario independent judging panel comprises
Gavin Armstrong, Founder and CEO,
Lucky Iron Life; Sandra Bosela,
Co-Head Private Markets Group, Senior Managing Director and Global
Head of Private Equity, OPTrust; Reena
Chaudhary, Managing Partner, Sia Partners; Kathy Cheng, President, Redwood Classics
Apparel; and Mat Micheli, Co-founder and Co-CEO, Viral Nation
Inc.
This year's program national sponsors are TSX
Inc., Air Canada, The Printing House,
The Globe and Mail and Hillberg &
Berk. This year's regional Ontario sponsor is Ontario Global
100. Regional Award show sponsors include McCarthy Tétrault,
Sterling Park Financial Group and Northwood Family Office.
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SOURCE EY (Ernst & Young)