Sydney, 21 June 2017: Prospa, Australia’s leading online lender for small businesses, has today announced Damon Pezaro as its first Chief Product Officer, in a move that will see the company expand its product offering to help more small business owners access finance.
Damon joins Prospa from Domain, where as CPO he led major transformation across the Domain business through a dramatic period of growth. In his tenure at Domain, he was able to deliver many industry firsts to market and also propelled Domain into a market leading position through its mobile offering. This was recognised with Domain being named one of the best apps of 2016 by the Google Play store and helped see Domain user numbers more than double to over 4.5 million.
Damon also has a wealth of experience across online and technical environments, having held key product and operational roles in several start-up successes as well with News Digital Media, which grew to become one of the largest and most innovative digital media publishers in the country.
This appointment signals a new stage of growth at Prospa, which has already provided more than 10,000 loans and put over $350m into the Australian small business economy.
Beau Bertoli, co-CEO of Prospa, comments: “Everything we do at Prospa ties back to solving problems for our customers: our success is built through theirs. Damon is one of Australia’s top CPOs and we’re confident he will help us drive a significant change in the way small business owners experience finance.”
Damon Pezaro, newly-appointed CPO at Prospa, said: “Joining an award-winning pioneering team with strong customer-centric values was a huge drawcard for me. This is an exciting time to work in fintech, and Prospa is experiencing amazing growth. I’m looking forward to helping take things to the next level.”
Greg Moshal, co-CEO of Prospa, adds: “Prospa has always taken an innovative approach to product, being one of the few fintech companies using double diamond design thinking to build financial products. Damon’s appointment marks a significant point in our product growth plans, and his leadership and experience will be invaluable in the coming months and years.”