Prospa
ASX

Prospa’s lending rates are beginning to bounce back, but 2020’s Covid hit delivers the fintech a $3.2 million loss

- February 25, 2021 2 MIN READ

Originations grew 265.3% from 4Q20 to 1Q21 and a further 25.9% from 1Q21 to 2Q21 NZ originations surpassed $100m in total loans H1 FY21 loan originations of $180.7m below pre-pandemic levels Revenue (before transaction costs) of $55.7m, down 26.4% H1 FY21 EBITDA of $4.1 million Lending by small business fintech Prospa Group remains below pandemic… Read more »

ASX

Business lender Prospa’s latest results suggest small business is getting back on track

- October 30, 2020 3 MIN READ

 • Total originations of $80 million in 1Q21, up 265% on 4Q20 • Originations, excluding loans originated under the Government’s Guarantee Scheme, up 107% on previous quarter • Annual portfolio yield of 31.5% maintained • Significantly reduced loan deferrals with 1,681 accounts in ANZ on full or partial deferral Fintech Prospa (ASX: PGL) has seen… Read more »

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
Insights

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.