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 (ASX: PGL) (“Prospa”) warehouse trust through the Structured Finance Support Fund.

The $90 million is the maximum investment amount approved by the Delegate under the Structured Finance Support (Coronavirus Economic Response Package) Act 2020 and the actual committed limit may be lower than this.

For additional information on the Structured Finance Support Fund please visit https://www.aofm.gov.au/sfsf

Company 
Nicole Johnschwager
General Counsel and Company Secretary
e: [email protected]

Investor Relations
Anna Fitzgerald
Group Head of Corporate Relations
e: [email protected]

Media
Roger Newby
Domestique Consulting
e: [email protected]
+61 401 278 906

About Prospa

• Prospa provides cash flow products and services that allow small businesses to prosper
• Prospa has originated over $1.5 billion in loans to date across Australia and New Zealand
• Prospa has served more than 28,500 small business customers
• Prospa is a founding signatory of the AFIA Online Small Business Lender Code of Lending Practice
• Prospa has a Net Promoter Score in excess of +77 and is ranked #1 in the Non-bank Financial Services category in Australia and New Zealand on independent review site TrustPilot
• Prospa is recognised as a 2019 Great Place to Work and was awarded AON Hewitt Employer of Choice in 2017 and 2018
• In 2018 and 2019 Prospa won Australian Fintech Lender of the Year, and achieved a clean sweep of the MFAA Excellence awards in all five States