In the News

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Prospa’s operational update on recent business activities

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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Borrowing intentions are high for SMEs to seize opportunities

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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1Q22 Trading Update: Strong originations of $128.5 million in 1Q22 (62% increase on 1Q21), with revenue of $37.8m (up 13% on the prior quarter); well positioned to continue to execute on growth.

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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Prospa runs inaugural investor day showcasing new products and future strategy

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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Prospa announces appointment of Renee Tocco as Northern Regional Manager and acquisition of Loanezi

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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Prospa provides trading update and announces pricing of its first public ABS issuance backed by SME loans

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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2021 Full Year Results: Prospa full-year results supported by record fourth-quarter originations and accelerating revenue; strong position to sustain rapid scale and growth

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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4Q21 Trading Update: Record originations of $182.7 million in 4Q21 (798% increase on 4Q20) and acceleration in revenue growth.

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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Prospa surpasses $2 billion in lending to small business economy in Australia and New Zealand

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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3Q21 Trading Update: Origination volume back to pre-COVID levels earlier than anticipated

Prospa is pleased to provide a trading update for the quarter ended 31 March 2021 (3Q21).

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Study reveals majority of SMEs expect to recover in 2021, highlights new opportunities for brokers

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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Prospa 1H21 Results : Strong originations growth; Highly scalable and agile business ready to meet increased small business demand

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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Prospa appoints independent Non-Executive Director Mary Ploughman

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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2Q21 Trading Update: Strong quarter on quarter originations growth across a diversified and balanced portfolio

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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Prospa wins Excellence in Business Lending Award at Finnies Awards 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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Prospa 1Q21 Trading Update

Prospa Group Limited (ASX: PGL) is pleased to provide a trading update for the quarter ended 30 September 2020 (1Q21).

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Prospa announces new Chief Financial Officer

Prospa announces the appointment of Ross Aucutt as Chief Financial Officer.

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Prospa welcomes the Senate select committee on financial technology and regulatory technology’s interim report

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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Prospa FY20 Results: Resilient business model underpins performance in challenging environment

Prospa Group Limited (ASX:PGL) is pleased to announce its results for the twelve months ended 30 June 2020 (FY20).

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Prospa wins MFAA National Fintech Lender of the Year three years in a row

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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Prospa Achieves Clean Sweep at MFAA State Excellence Awards, Third Year Running

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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FAST adds Prospa to panel to support small business recovery

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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AOFM approves investment into Prospa warehouse trust

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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Prospa Trading Update & Continued COVID-19 Response

Prospa today provides an update on the Company’s response to COVID-19 and a trading update.

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Prospa receives access to Federal Government’s SME Guarantee Scheme to support thousands of small businesses

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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Prospa HY20 Results: strong originations and customer growth continues

Prospa is pleased to announce its results for the six months ended 31 December 2019 (HY20).

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Prospa announces new Class B investor

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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PLAN Australia adds Prospa to panel

PLAN Australia has announced it will add Prospa to its lender panel.

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Interim CFO Announcement

Prospa announces that Peter Loosmore has been appointed as interim Chief Financial Officer as of 28 January 2020.

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Prospa announces new Junior Funding Partner

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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No rest for SMEs this holiday season – especially those in the Bush

A new study has revealed just how hard small businesses are working this holiday season, particularly in regional Australia.

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Prospa trading and guidance update

Prospa makes the following update to its 2019 calendar year Prospectus forecast (CY19).

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Brokers urged to prepare for seasonal cash flow squeezes

Prospa is urging brokers to prepare their small business clients for cash flow peaks and troughs this holiday season.

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Prospa announces full year 2019 results

Prospa Group is pleased to announce its results for the twelve months ended 30 June 2019 (FY19).

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Prospa establishes NZ funding facility

Prospa has announced the establishment of its first warehouse facility specifically to fund New Zealand small business loans.

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Prospa lists on the ASX

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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Prospa celebrates clean sweep at MFAA State Excellence Awards, second year running

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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New study shows digital marketing skills, financial literacy on small business wish-list

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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Prospa announces IPO

Prospa, Australia’s #1 online lender to small business, has today announced an initial public offering.

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Prospa celebrates industry award wins in Adelaide

Prospa receives the Fintech Lender Award at the 2019 MFAA State Excellence Awards SA/NT in Adelaide.

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Prospa announces board changes and senior appointments

Prospa has announced Gail Pemberton AO as its Chairman and two new senior appointments

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Prospa momentum continues as loan originations surpass $1 billion

Prospa announces it has delivered more than $1 billion in loans to 19,000 small businesses

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Adrienne Church appointed as General Manager of Prospa New Zealand

Prospa announces that Adrienne Church has been appointed as its General Manager in New Zealand

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Prospa contributes $3.65B to Australian GDP, 52,500 jobs

New research reveals the significant economic impact of Prospa lending to small business in Australia

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Prospa leads industry drive for self regulation

Prospa 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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The sacrifices of running a small business in Australia

A YouGov study of small businesses, commissioned by Prospa, reveals the sacrifices of small business owners in Australia.

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Prospa recognised in the Deloitte Technology Fast 50 Australia awards for Leadership

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.

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Government announces $2b Australian Business Securitisation Fund

Prospa supports the announcement of a $2 billion Australian Business Securitisation Fund to help small businesses access finance.

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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 Growth Continues As Loan Originations Reach $750 Million

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

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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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