Propel Finance, the UK's fastest-growing asset finance lender, has announced a new strategic partnership with Onecom, one of the UK’s leading providers of business communications, connectivity and managed IT solutions, supporting thousands of SME and enterprise customers nationwide. 

Propel, through its proprietary subscription platform PropelPay, enables businesses to invest in technology devices on a simple, subscription style basis, providing transparency and flexibility at the point of purchase. Through the partnership, Onecom enhances its customer offering by integrating cutting-edge payment options that align with the evolving needs of UK SME businesses. The integration forms part of Onecom’s wider digital commerce strategy, helping customers access business-critical technology through more flexible, subscription-based purchasing options. The proposition supports multiple brands across mixed basket purchases, credit limits for future purchases, upgrades, and attractive device lifecycle management features.  

For many SMEs, the upfront cost of technology can prove a barrier to investment and growth. The partnership will enable Onecom’s customers to access PropelPay's embedded payment option at the point of purchase, supporting device refresh and upgrades. This integrated digital finance and payment solution enables businesses to spread the cost of essential communications, IT, and technology solutions over time, incentivise future purchases, and support wider circular supply chain ambitions. This supports Onecom’s focus on helping businesses manage technology lifecycle upgrades more efficiently.

Pete Collins, Director of Embedded Finance at Propel Finance said: “We’re delighted to partner with Onecom to support their e-commerce strategy. We share common goals in supporting SMEs investing in technology solutions. We are seeing businesses attracted to similar digital purchase options available to consumers, and PropelPay integrated into reseller e-commerce journeys offers a unique and market leading proposition.”

Darren Ridge, CEO of Onecom, added: “Our customers are increasingly looking for flexible ways to invest in technology without large upfront costs. Working with Propel Finance allows us to simplify the buying journey and support businesses with more predictable, scalable technology investment.”

About Propel Finance: Propel is the UK’s fastest-growing asset finance lender, helping businesses across the UK to access finance to acquire business-critical equipment quickly and easily. 

Propel has lent over £1.8bn to more than 70,000 UK businesses, partnering with leading Banks, Intermediaries, and Equipment Resellers to support customers investing in business-critical equipment. 

In 2025 Propel launched PropelPay, a market-leading embedded finance platform, extending flexible funding and subscription solutions to technology partners and their customers by enabling finance at the point of sale – in store, online or through assisted journeys.

Finance is subject to status. Terms and Conditions Apply. Propel acts as a lender or a credit broker for business customers only.
Find out more at Propel Finance’s website: www.propelfinance.co.uk  

About Onecom
Onecom is the UK's leading business telephony and cloud communications provider, operating from regional offices across the UK. The company currently manages nearly 65,000 business organisations, delivering IT services, communications and unified solutions across fixed line voice, connectivity, and managed cloud to some of the UK's most dynamic companies.

In 2019, it secured a funding package from mid-market private equity firm LDC and funds managed by Ares Management Corporation to help support organic and acquisitive growth.

Onecom has its headquarters in Whiteley, Hampshire, and thirteen offices across the UK.

www.onecom.co.uk 
 

03.03.2026