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Prospa growth continues as loan originations reach $750 million

Prospa, Australia’s number one online lender to small business, is pleased to announce its results for the year ended 30 June 2018 (FY 2018).

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Tax cuts for SMEs

We’ve lent to over 15,000 small businesses around Australia who tell us daily about the challenges they experience in managing their cashflow and accessing finance to grow their businesses.

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Prospa becomes first online small business lender to complete review of loan terms with ASIC

Prospa is the first online small business lender to have undertaken a full review of its loan terms after consultation with ASIC.

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Prospa named top Fintech Lender in 2018 MFAA National Excellence Awards

Prospa, Australia’s leading online lender to small businesses, was last night named National Fintech Lender of the Year in the prestigious 2018 MFAA Excellence Awards, after receiving the accolade across all state and territory awards. The Excellence Awards are presented to members of the MFAA who have demonstrated quality customer service, professionalism, innovation, ethics and excellence in their field.

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Online Small Business Lenders Release Code Of Practice To Improve Transparency

Australia’s leading online small business lenders come together to release Code of best practice lending principles. Developed with support from AFIA, the Australian Small Business and Family Enterprise Ombudsman, theBankDoctor.org and FinTech Australia The Code, charter and disclosure tool to be fully operational and enforceable by 31 December 2018 Canberra, Friday 29th June 2018: Today, […]

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Statement from Prospa regarding IPO

On 8 June 2018, following consultation with UBS and Macquarie (joint lead managers for Prospa’s IPO) the company postponed its IPO on the Australian Stock Exchange (ASX). Prospa had received a letter from ASIC on the afternoon of Tuesday 5 June 2018 requesting information as part of a broader industry review of small business lending […]

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Moody’s assigns ratings to Prospa’s Australian small business loan ABS trust

First rated ABS issuance backed by small business loans in the Australasian market Prospa’s Australian small business loan asset backed securities (ABS) trust was today assigned ratings by Moody’s Investors Service (Moody’s). A total of A$83.25 million in debt securities were rated. The ratings are as follows: Issuer: Prospa Trust Series 2018-1 A$64.80 million Class […]

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Prospa appoints Independent Non-Executive Directors

Prospa, Australia’s #1 online lender to small business, has today announced the appointment of Gail Pemberton AO and Fiona Trafford-Walker as Independent Non-Executive Directors to the Prospa Board. In addition, current Non-Executive Director Greg Ruddock has been appointed to the role of Chairman of the Board, having recently stepped down from the Board of Eclipx […]

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Prospa appoints top KPMG Debt Partner as Head of Group Capital Management

Prospa has confirmed the appointment of KPMG Partner, Raj Bhat, to its senior leadership team as Head of Group Capital Management. Raj will be starting his new role in March 2018 after nine years at KPMG leading the firm’s Debt Advisory Services – where his team enjoyed a strong track record and industry-wide recognition for […]

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Yellow Brick Road and Prospa combine to boost small business

Yellow Brick Road has added Australia’s leading online lender, Prospa, to its lending panel in order to diversify its offering for small business customers. “A large number of our clients are small business owners,” Mark Bouris, Executive Chairman of Yellow Brick Road said. “We understand that the financial needs of a small business are unique, […]

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Prospa first Australian fintech to deliver half billion dollars of small business loans

Prospa first Australian fintech to deliver a half billion dollars of small business loans   Over the past 12 months Prospa has experienced rapid growth, doubling the size of its loan book Prospa has now delivered loans to over 12,000 small businesses in Australia   9 November, 2017. Prospa, Australia’s number one online lender for […]

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Greg Moshal and Beau Bertoli awarded Pearcey Tech Entrepreneur Award

Greg Moshal and Beau Bertoli have been jointly awarded a 2017 NSW Pearcey Tech Entrepreneur Special Recognition Award by David Thodey at a ceremony at The Powerhouse Museum. These prestigious awards are named after Dr Trevor Pearcey, an outstanding Australian tech pioneer who not only built one of the world’s earliest digital computers, but also […]

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Prospa is NSW state winner in 2017 Telstra Business Awards

Prospa is NSW state winner in 2017 Telstra Business Awards Prospa has been awarded the 2017 Telstra New South Wales Medium Business Award in the 2017 Telstra Business Awards. Prospa is the first fintech company to be awarded the accolade and this year’s win follows the company’s third consecutive appearance as a finalist: in 2015 […]

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Prospa wins big at the FINNIES

Prospa wins Best Fintech Place to Work, and Greg Moshal and Beau Bertoli are joint winners of the Leader of the Year award for 2017.

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Prospa secures $25M in funding led by AirTree Ventures

Prospa, Australia leading online lender to small business, has secured $25M in growth funding led by AirTree Ventures – Australia’s most successful tech-focused venture capital firm…

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Mortgage joins forces with Prospa

Mortgage Choice has partnered with Prospa to deliver a broader range of commercial lending and cash flow financing solutions to customers through their hundreds of locations nationwide…

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Australian Broker cover story: Best of Breed

Beau Bertoli, Joint CEO and co-founder of Prospa, tells Australian Broker why the banks have more to worry about than his trailblazing fintech, and about the opportunities waiting for brokers…

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Prospa reaches $200m milestone

Australian leading fintech, Prospa, today announced the company has hit $200 million in loan originations – cementing itself as the leading force in Australia’s non-bank finance sector…

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Prospa and The Entourage combine to inspire next wave of entrepreneurial small business owners

Prospa, Australia’s largest online lender to small business, has launched an innovative partnership with educator The Entourage that enables business owners…

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Hidden Jewels: Australia’s best non-bank lenders

When speed matters. Technology is opening up the hitherto clunky area of unsecured business lending. MPA has partnered with fintech lender Prospa to find out how brokers can make unsecured lending into an ongoing…

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Is face-to-face the new “face” of online lending?

The online loans market in Australia is maturing. More customers are demanding convenience and flexibility and there’s an increasing amount of online lenders available to meet that demand. But what makes a lender stand…

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Prospa listed #19 in Top Tech Pioneers in Australia / NZ

Prospa has been listed at #19 in the inaugural ‘Tech Pioneers Report’, that showcases the most exciting and pioneering startups from Australia and New Zealand.

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Prospa named #33 in KPMG Fintech 100

Prospa was named #33 in the top 50 fintech innovators in the world in a survey by KPMG-backed Fintech Innovators, a joint venture between H2 Ventures and KPMG Fintech.

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Prospa leads the way in Asia

Prospa, Australia’s leading online small business lender, was recognised yesterday in Hong Kong as the third fastest growing technology company in the Asia Pacific region at the 2015 Deloitte Technology Fast 500 Asia Pacific.

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Prospa announced 2015 winner of Deloitte Tech Fast50!!

Prospa has been named Australia’s fastest growing technology company at the annual Australian Deloitte Technology Fast 50 awards held at the ASX on Thursday 19 November, with a whopping 6,971% growth over three years.

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Prospa ranks 20th in BRW Fast Starters 2015

Prospa was selected from entrants throughout Australia to rank 20th on the BRW Fast Starter List 2015. With such rapid growth, Prospa has established a name for itself within the FinTech industry in Australia…

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Prospa Raises $60M to Fund the Small Business Loan Market

Prospa announces Series B financing from The Carlyle Group, Ironbridge Capital, Entrée Capital, Airtree Ventures, and David Fite.

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Bruce Billson endorses disruptive online SME lenders

Prospa is one of the new generation of online lenders endorsed by Minister Billson as providing much needed access to funding for small businesses.

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Small Businesses Look Set to Prospa through AFG (ASX:AFG)

Online lending for small businesses received a huge boost today with AFG and Prospa announcing an agreement to make Prospa’s small business loan available through AFG’s 2,300 strong broker network.

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We’re a Finalist for Best in the Business!

We are proud to announce our selection as a finalist in the 2015 Telstra Business Awards for NSW. For nearly 25 years, the Telstra Business Awards have recognised the innovation, passion and hard work of the most outstanding – and now Prospa is one of them.

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Prospa is changing the way business owners access funds

“Prospa believed in us when no one else did,” said Joe. “The process was simple. The application took ten minutes and was approved in 24 hours. We had the funds within three days.”

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Banks shadow box with online business lenders

Prospa has been quietly building its small business loan book for two years…

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