3Q21 Trading Update: Origination volume back to pre-COVID levels earlier than anticipated
April 23, 2021
Prospa is pleased to provide a trading update for the quarter ended 31 March 2021 (3Q21).
Read MoreStudy reveals majority of SMEs expect to recover in 2021, highlights new opportunities for brokers
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.
Read MoreProspa 1H21 Results : Strong originations growth; Highly scalable and agile business ready to meet increased small business demand
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”).
Read MoreProspa appoints independent Non-Executive Director Mary Ploughman
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.
Read More2Q21 Trading Update: Strong quarter on quarter originations growth across a diversified and balanced portfolio
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).
Read MoreProspa wins Excellence in Business Lending Award at Finnies Awards 2020
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.
Read MoreProspa 1Q21 Trading Update
October 29, 2020
Prospa Group Limited (ASX: PGL) is pleased to provide a trading update for the quarter ended 30 September 2020 (1Q21).
Read MoreProspa announces new Chief Financial Officer
September 17, 2020
Prospa announces the appointment of Ross Aucutt as Chief Financial Officer.
Read MoreProspa welcomes the Senate select committee on financial technology and regulatory technology’s interim report
September 7, 2020
Prospa welcomes the interim report published by the Senate Select Committee on Financial Technology and Regulatory Technology on 2 September 2020.
Read MoreProspa FY20 Results: Resilient business model underpins performance in challenging environment
August 27, 2020
Prospa Group Limited (ASX:PGL) is pleased to announce its results for the twelve months ended 30 June 2020 (FY20).
Read MoreProspa wins MFAA National Fintech Lender of the Year three years in a row
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).
Read MoreProspa Achieves Clean Sweep at MFAA State Excellence Awards, Third Year Running
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.
Read MoreFAST adds Prospa to panel to support small business recovery
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
Read MoreAOFM approves investment into Prospa warehouse trust
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.
Read MoreProspa Trading Update & Continued COVID-19 Response
June 10, 2020
Prospa today provides an update on the Company’s response to COVID-19 and a trading update.
Read MoreProspa receives access to Federal Government’s SME Guarantee Scheme to support thousands of small businesses
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.
Read MoreProspa HY20 Results: strong originations and customer growth continues
February 27, 2020
Prospa is pleased to announce its results for the six months ended 31 December 2019 (HY20).
Read MoreProspa announces new Class B investor
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.
Read MorePLAN Australia adds Prospa to panel
January 29, 2020
PLAN Australia has announced it will add Prospa to its lender panel.
Read MoreInterim CFO Announcement
January 24, 2020
Prospa announces that Peter Loosmore has been appointed as interim Chief Financial Officer as of 28 January 2020.
Read MoreProspa announces new Junior Funding Partner
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.
Read MoreNo rest for SMEs this holiday season – especially those in the Bush
December 3, 2019
A new study has revealed just how hard small businesses are working this holiday season, particularly in regional Australia.
Read MoreProspa trading and guidance update
November 19, 2019
Prospa makes the following update to its 2019 calendar year Prospectus forecast (CY19).
Read MoreBrokers urged to prepare for seasonal cash flow squeezes
November 4, 2019
Prospa is urging brokers to prepare their small business clients for cash flow peaks and troughs this holiday season.
Read MoreProspa announces full year 2019 results
August 29, 2019
Prospa Group is pleased to announce its results for the twelve months ended 30 June 2019 (FY19).
Read MoreProspa establishes NZ funding facility
August 8, 2019
Prospa has announced the establishment of its first warehouse facility specifically to fund New Zealand small business loans.
Read MoreProspa lists on the ASX
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.
Read MoreProspa celebrates clean sweep at MFAA State Excellence Awards, second year running
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.
Read MoreNew study shows digital marketing skills, financial literacy on small business wish-list
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.
Read MoreProspa announces IPO
May 16, 2019
Prospa, Australia’s #1 online lender to small business, has today announced an initial public offering.
Read MoreProspa celebrates industry award wins in Adelaide
May 10, 2019
Prospa receives the Fintech Lender Award at the 2019 MFAA State Excellence Awards SA/NT in Adelaide.
Read MoreProspa announces board changes and senior appointments
March 14, 2019
Prospa has announced Gail Pemberton AO as its Chairman and two new senior appointments
Read MoreProspa momentum continues as loan originations surpass $1 billion
March 13, 2019
Prospa announces it has delivered more than $1 billion in loans to 19,000 small businesses
Read MoreAdrienne Church appointed as General Manager of Prospa New Zealand
March 12, 2019
Prospa announces that Adrienne Church has been appointed as its General Manager in New Zealand
Read MoreProspa contributes $3.65B to Australian GDP, 52,500 jobs
January 29, 2019
New research reveals the significant economic impact of Prospa lending to small business in Australia
Read MoreProspa leads industry drive for self regulation
January 7, 2019
Prospa announces it is in full compliance with Code of Lending Practice and introduces SMART Box to its online small business loan product.
Read MoreThe sacrifices of running a small business in Australia
December 5, 2018
A YouGov study of small businesses, commissioned by Prospa, reveals the sacrifices of small business owners in Australia.
Read MoreProspa recognised in the Deloitte Technology Fast 50 Australia awards for Leadership
November 16, 2018
Prospa, Australia’s number one online small business lender, has ranked 5th for Leadership and 20th overall in the 2018 Deloitte Technology Fast 50 Australia Awards.
Read MoreGovernment announces $2b Australian Business Securitisation Fund
November 14, 2018
Prospa supports the announcement of a $2 billion Australian Business Securitisation Fund to help small businesses access finance.
Read MoreTax cuts for SMEs
October 11, 2018
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.
Read MoreProspa Growth Continues As Loan Originations Reach $750 Million
September 19, 2018
Australia’s number one online lender to small business, is pleased to announce its results for the year ended 30 June 2018.
Read MoreProspa becomes first online small business lender to complete review of loan terms with ASIC
September 7, 2018
Prospa is the first online small business lender to have undertaken a full review of its loan terms after consultation with ASIC.
Read MoreProspa named top Fintech Lender in 2018 MFAA National Excellence Awards
July 27, 2018
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.
Read MoreOnline Small Business Lenders Release Code Of Practice To Improve Transparency
June 29, 2018
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, […]
Read MoreStatement from Prospa regarding IPO
June 8, 2018
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 […]
Read MoreMoody’s assigns ratings to Prospa’s Australian small business loan ABS trust
April 17, 2018
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 […]
Read MoreProspa appoints Independent Non-Executive Directors
April 9, 2018
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 […]
Read MoreProspa appoints top KPMG Debt Partner as Head of Group Capital Management
January 28, 2018
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 […]
Read MoreYellow Brick Road and Prospa combine to boost small business
December 7, 2017
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, […]
Read MoreProspa first Australian fintech to deliver half billion dollars of small business loans
November 9, 2017
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 […]
Read MoreGreg Moshal and Beau Bertoli awarded Pearcey Tech Entrepreneur Award
October 24, 2017
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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