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]) […]
Read MoreNew 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 […]
Read MoreProspa 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, […]
Read MoreRecord 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 […]
Read MoreAustralian 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 […]
Read MoreProspa 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 […]
Read MoreProspa 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 […]
Read MoreAustralia’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, […]
Read MoreProspa 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 […]
Read MoreProspa (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 […]
Read MoreProspa 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. […]
Read MoreProspa 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.
Read MoreThe 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.
Read MoreProspa 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.
Read MoreProspa 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.
Read MoreProspa is pleased to provide a trading update for the quarter ended 31 March 2021 (3Q21).
Read MoreA 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.
Read MoreProspa 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”).
Read MoreProspa 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.
Read MoreProspa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”), is pleased to provide a trading update for the quarter ended 31 December 2020 (2Q21).
Read MoreProspa has taken out the Excellence in Business Lending Award at the Finnies 2020, Australia’s most prestigious Fintech Business Awards, hosted by Fintech Australia.
Read MoreProspa Group Limited (ASX: PGL) is pleased to provide a trading update for the quarter ended 30 September 2020 (1Q21).
Read MoreProspa announces the appointment of Ross Aucutt as Chief Financial Officer.
Read MoreProspa welcomes the interim report published by the Senate Select Committee on Financial Technology and Regulatory Technology on 2 September 2020.
Read MoreProspa Group Limited (ASX:PGL) is pleased to announce its results for the twelve months ended 30 June 2020 (FY20).
Read MoreProspa 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).
Read MoreProspa celebrates a clean sweep of the MFAA State Excellence Fintech Lender Award for the third year running, along with individual BDM winners and finalists.
Read MoreLeading 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
Read MoreThe 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.
Read MoreProspa today provides an update on the Company’s response to COVID-19 and a trading update.
Read MoreProspa 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.
Read MoreProspa is pleased to announce its results for the six months ended 31 December 2019 (HY20).
Read MoreProspa 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.
Read MorePLAN Australia has announced it will add Prospa to its lender panel.
Read MoreProspa announces that Peter Loosmore has been appointed as interim Chief Financial Officer as of 28 January 2020.
Read MoreProspa 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.
Read MoreA new study has revealed just how hard small businesses are working this holiday season, particularly in regional Australia.
Read MoreProspa makes the following update to its 2019 calendar year Prospectus forecast (CY19).
Read MoreProspa is urging brokers to prepare their small business clients for cash flow peaks and troughs this holiday season.
Read MoreProspa Group is pleased to announce its results for the twelve months ended 30 June 2019 (FY19).
Read MoreProspa has announced the establishment of its first warehouse facility specifically to fund New Zealand small business loans.
Read MoreProspa, 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.
Read MoreProspa has announced a clean sweep at the MFAA State Excellence Awards, receiving the Fintech Lender Award in every state and territory.
Read MoreResearch 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.
Read MoreProspa, Australia’s #1 online lender to small business, has today announced an initial public offering.
Read MoreProspa receives the Fintech Lender Award at the 2019 MFAA State Excellence Awards SA/NT in Adelaide.
Read MoreProspa has announced Gail Pemberton AO as its Chairman and two new senior appointments
Read MoreProspa announces it has delivered more than $1 billion in loans to 19,000 small businesses
Read MoreProspa announces that Adrienne Church has been appointed as its General Manager in New Zealand
Read MoreNew research reveals the significant economic impact of Prospa lending to small business in Australia
Read MoreProspa announces it is in full compliance with Code of Lending Practice and introduces SMART Box to its online small business loan product.
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