Prospa 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 […]
Read MoreProspa is NSW state winner in 2017 Telstra Business Awards
July 18, 2017
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 […]
Read MoreProspa wins big at the FINNIES
May 24, 2017
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.
Read MoreProspa secures $25M in funding led by AirTree Ventures
February 22, 2017
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…
Read MoreMortgage joins forces with Prospa
December 5, 2016
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…
Read MoreAustralian Broker cover story: Best of Breed
December 1, 2016
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…
Read MoreProspa reaches $200m milestone
October 27, 2016
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…
Read MoreProspa and The Entourage combine to inspire next wave of entrepreneurial small business owners
October 13, 2016
Prospa, Australia’s largest online lender to small business, has launched an innovative partnership with educator The Entourage that enables business owners…
Read MoreHidden Jewels: Australia’s best non-bank lenders
August 15, 2016
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…
Read MoreIs face-to-face the new “face” of online lending?
May 6, 2016
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…
Read MoreProspa listed #19 in Top Tech Pioneers in Australia / NZ
April 27, 2016
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.
Read MoreProspa named #33 in KPMG Fintech 100
December 15, 2015
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.
Read MoreProspa leads the way in Asia
December 4, 2015
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.
Read MoreProspa announced 2015 winner of Deloitte Tech Fast50!!
November 20, 2015
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.
Read MoreProspa ranks 20th in BRW Fast Starters 2015
October 20, 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…
Read MoreProspa Raises $60M to Fund the Small Business Loan Market
September 3, 2015
Prospa announces Series B financing from The Carlyle Group, Ironbridge Capital, Entrée Capital, Airtree Ventures, and David Fite.
Read MoreBruce Billson endorses disruptive online SME lenders
August 31, 2015
Prospa is one of the new generation of online lenders endorsed by Minister Billson as providing much needed access to funding for small businesses.
Read MoreSmall Businesses Look Set to Prospa through AFG (ASX:AFG)
July 30, 2015
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.
Read MoreWe’re a Finalist for Best in the Business!
July 29, 2015
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.
Read MoreProspa is changing the way business owners access funds
March 5, 2015
“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.”
Read MoreBanks shadow box with online business lenders
February 18, 2015
Prospa has been quietly building its small business loan book for two years…
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