News & Analysis

5 things you should know about tech today

- November 28, 2019 5 MIN READ

Well hello, you big Belmont boy. Photo: CSIRO.   Hello Thursday. How’s your world?   1.  Prospa boss says sorry Prospa chair Gail Pemberton has apologised to shareholders at the fintech’s first AGM as an ASX-listed company this week. Last week, the SME business lender, which listed on June 11 at $3.78 a share, announced… Read more »

News & Analysis

Prospa’s share price woes drag on following 2019 forecast downgrade

- November 21, 2019 2 MIN READ

SME lender Prospa’s week from hell for its investors continues after the fintech announced on Monday that it would undershoot its prospectus forecasts for 2019. Here’s the chart, courtesy of CommSec, that tells the story. Prospa (ASX: PGL) shares are down another 6.38% in lunchtime trade on Thursday to $2.20.  The Sydney fintech’s shares plunged… Read more »

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 »

Prospa
Brains Trust

How Prospa approaches company culture

- September 26, 2018 4 MIN READ

What makes Prospa’s culture unique is that we’re driven by challenging the way the finance system works: over 200 passionate people come together daily to find better ways of keeping small businesses moving.