News & Analysis

2ND TIME LUCKY: Small business lender Prospa is raising $110 million in another IPO attempt

- May 16, 2019 3 MIN READ

  Fintech Prospa launched in 2012 after its co-founders grew frustrated with access to small business loans from traditional banks The company is raising $110 million from institutional investors, valuing the business at $610m Its backers include Square Peg, Airtree and AustralianSuper.  This is Prospa’s 2nd attempt to float after an IPO was pulled at… Read more »

News & Analysis

Funding for Australian startups just had a bumper start to 2019, but things are starting to look tougher

- May 1, 2019 4 MIN READ

Investors and companies spent more than $2.6 billion on tech startups in the first three months of 2019, but the cash splash looks set to dry up if the longer-term trend continues according to Startup and tech directory Techboard, which released its March 2019 quarterly funding report today. It was a good quarter for mature startups… Read more »