September 14, 2022
Prospa today announced more than $3 billion in lending to small businesses to date, a major milestone that highlights the extensive growth of the company. The momentum built is expected to continue with borrowing intentions remaining high amongst small businesses. New research conducted by YouGov in August 2022 found seven out of ten small businesses […]
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August 25, 2022
FY22 Group highlights: Our new technology platform created substantial value and opportunities across all products, including the launch of the New Zealand Line of Credit. Strong performance across all metrics resulted in profitability, with EBITDA [1] increasing to $12.1 million, a 2274% increase on the prior corresponding period (“pcp”) (FY21 $0.5 million). Originations increased to […]
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July 29, 2022
Prospa Group Limited (ASX:PGL) (“Prospa” or the “Company” or the “Group”) is pleased to provide a trading update for the quarter ended 30 June 2022 (4QFY22), with another set of record-breaking results across all key metrics as small business customers invest in recovery and growth. Group highlights: Full-year EBITDA of c.$12 million[1] (FY21 $0.5 million[2]) […]
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May 18, 2022
New research shows small businesses (SMBs) are confident about their future and ready to drive their next phase of growth. The research, carried out by small business lender Prospa, found that 81% of Aussie SMBs expect their businesses to grow in the next 12 months. This is despite 87% of businesses owners anticipating challenges within […]
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April 27, 2022
Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”) is pleased to provide a trading update for the quarter ended 31 March 2022 (“3Q22”), showing a record third quarter across various key metrics and a robust balance sheet with enhanced funding arrangements to support future growth. Group highlights:1 Record third-quarter originations of $172.1 million, […]
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February 16, 2022
Record half-yearly originations of $315.1 million, up 75% on the prior corresponding period (“pcp”) (1H21: $180.1 million) 1H22 revenue increased to $78.5 million, up 41% on pcp (1H21: $55.8 million), representing Prospa’s highest half-yearly revenue result Record EBITDA of $9.6 million, a significant improvement of 134% on pcp (1H21: $4.1 million), driven by the growth […]
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February 4, 2022
Australian small businesses have expressed the importance of flexible loan repayments, with one third of businesses highlighting that it would be a primary driver when selecting a lender. Research conducted by RFi Group over September 2021, commissioned by Prospa, found a key challenge for one out of every two small businesses (53%) is the uncertainty […]
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January 17, 2022
Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”) is pleased to provide a trading update for the quarter ended 31 December 2021 (“2Q22”), with results driven by increasing demand for credit during continued economic recovery. Highlights include:[1] Record quarterly originations of $186.6 million, up 85.3% on the prior corresponding period (“pcp”) (2Q21: $100.7 […]
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December 3, 2021
Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”) is pleased to provide an update at the Company AGM on business activities relating to new products and strategy announced during the Company’s recent Investor Day held 21 October 2021. Recent highlights include: Strong originations of $40.0 million during the month of October 2021, up […]
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November 11, 2021
Australia’s reopening is leading to a surge of credit demand, with more than one in three small businesses requiring access to an average of $46,000 to take hold of an opportunity as the nation bounces back to recover in time for holiday season. New research conducted by RFi Group over October 2021, commissioned by Prospa, […]
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October 26, 2021
Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”) is pleased to provide a trading update for the quarter ended 30 September 2021 (“1Q22”), with this quarter’s results driven by strong sales efforts capitalising on continued economic recovery, prudent expense management and ongoing investment into technology. Group highlights[1] Strong originations of $128.5 million, up […]
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October 21, 2021
Prospa (ASX: PGL) (“Prospa” or “Company” or “Group”) will today hold its Investor Day, during which the Company will announce its plans to launch the nation’s first All-in-One business account to grow its online lending platform for small businesses. Prospa’s strategy for its next phase of growth includes introducing a range of new and exciting […]
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September 21, 2021
Prospa today announced the appointment of Renee Tocco as Northern Regional Manager and acquisition of Loanezi, one of Australia’s top commercial finance brokers. Renee, founder and Manager Director at Loanezi, brings more than 10 years’ experience in senior sales roles and established Loanezi as a national business to service individuals and businesses with lending solutions. […]
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September 9, 2021
Prospa is pleased to announce a trading update for the first two months of FY22 and the pricing of its first public asset-backed securitisation (“ABS”) of AUD $200 million issued to wholesale investors.
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August 23, 2021
The 2021 financial year has proven the resilience of Prospa’s business model. The Company’s improved operating performance during a period of ongoing economic disruption clearly demonstrates it is well placed to manage the current challenges small businesses face with continuing lockdown uncertainty. Further, Prospa’s performance throughout the year demonstrates its dynamic capability to adjust origination focus to target specific sectors and/or regions, forming part of its broader risk management strategy.
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July 22, 2021
Prospa is pleased to announce it has delivered over $2 billion in lending to date through its financial technology platform supporting growth in the small business economy in Australia and New Zealand.
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May 19, 2021
Prospa is pleased to announce it has delivered over $2 billion in lending to date through its financial technology platform supporting growth in the small business economy in Australia and New Zealand.
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April 23, 2021
Prospa is pleased to provide a trading update for the quarter ended 31 March 2021 (3Q21).
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March 19, 2021
A study of over 500 SMEs, conducted by research company RFi Group in December 2020, has revealed that the majority (60%) of small business owners in Australia who experienced negative impacts as a result of the COVID-19 pandemic expect to recover within the next 12 months.
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February 25, 2021
Prospa Group Limited (”Prospa” or “the Company”), Australia’s number one online lender to small business, is pleased to announce its results for the six months ended 31 December 2020 (“1H21”).
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February 22, 2021
Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”), is pleased to announce the appointment of independent Non-Executive Director, Mary Ploughman, to its Board, effective 1 March 2021.
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January 28, 2021
Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”), is pleased to provide a trading update for the quarter ended 31 December 2020 (2Q21).
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October 29, 2020
Prospa has taken out the Excellence in Business Lending Award at the Finnies 2020, Australia’s most prestigious Fintech Business Awards, hosted by Fintech Australia.
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October 29, 2020
Prospa Group Limited (ASX: PGL) is pleased to provide a trading update for the quarter ended 30 September 2020 (1Q21).
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September 17, 2020
Prospa announces the appointment of Ross Aucutt as Chief Financial Officer.
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September 7, 2020
Prospa welcomes the interim report published by the Senate Select Committee on Financial Technology and Regulatory Technology on 2 September 2020.
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August 27, 2020
Prospa Group Limited (ASX:PGL) is pleased to announce its results for the twelve months ended 30 June 2020 (FY20).
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August 7, 2020
Prospa has been named Fintech Lender of the Year for the third year in a row at the MFAA National Excellence Awards 2020 and BDM Erin Manhood has been awarded BDM of the Year (Lender & Support Services Provider).
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June 25, 2020
Prospa celebrates a clean sweep of the MFAA State Excellence Fintech Lender Award for the third year running, along with individual BDM winners and finalists.
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June 16, 2020
Leading aggregator FAST today announced it will add Prospa to its lender panel, providing its brokers with a wider range of products and services to support their small business clients during this critical time
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June 11, 2020
The Australian Office of Financial Management has approved a maximum investment of $90 million into a Prospa Group Limited warehouse trust through the Structured Finance Support Fund.
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June 10, 2020
Prospa today provides an update on the Company’s response to COVID-19 and a trading update.
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April 14, 2020
Prospa is pleased to announce it has received access to Federal Government’s Coronavirus SME Guarantee Scheme to help small businesses deal with the impact of COVID-19 over the next six months.
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February 27, 2020
Prospa is pleased to announce its results for the six months ended 31 December 2019 (HY20).
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February 17, 2020
Prospa has announced the the introduction of a new Funding Partner into one of its Australian Warehouse Facilities. The Funding Partner is a global investor with deep technology investing expertise across the U.S. and European markets.
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January 29, 2020
PLAN Australia has announced it will add Prospa to its lender panel.
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January 24, 2020
Prospa announces that Peter Loosmore has been appointed as interim Chief Financial Officer as of 28 January 2020.
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December 23, 2019
Prospa is pleased to announce the introduction of a new Junior Funding Partner into one of its Australian Warehouse Facilities that funds small business loans and line of credit facilities.
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December 3, 2019
A new study has revealed just how hard small businesses are working this holiday season, particularly in regional Australia.
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November 19, 2019
Prospa makes the following update to its 2019 calendar year Prospectus forecast (CY19).
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November 4, 2019
Prospa is urging brokers to prepare their small business clients for cash flow peaks and troughs this holiday season.
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August 29, 2019
Prospa Group is pleased to announce its results for the twelve months ended 30 June 2019 (FY19).
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August 8, 2019
Prospa has announced the establishment of its first warehouse facility specifically to fund New Zealand small business loans.
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June 11, 2019
Prospa, Australia’s #1 online lender to small business, has been admitted to the official list of the Australian Securities Exchange (ASX), and will trade under the ticker code PGL from 11 June.
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June 7, 2019
Prospa has announced a clean sweep at the MFAA State Excellence Awards, receiving the Fintech Lender Award in every state and territory.
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June 3, 2019
Research commissioned by Prospa, and carried out by YouGov Galaxy, shows small business owners need digital marketing skills and improved financial literacy to manage and grow their business.
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May 16, 2019
Prospa, Australia’s #1 online lender to small business, has today announced an initial public offering.
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May 10, 2019
Prospa receives the Fintech Lender Award at the 2019 MFAA State Excellence Awards SA/NT in Adelaide.
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March 14, 2019
Prospa has announced Gail Pemberton AO as its Chairman and two new senior appointments
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March 13, 2019
Prospa announces it has delivered more than $1 billion in loans to 19,000 small businesses
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