Prospa co-founders Greg Moshal and Beau Bertoli FY19 loan originations of AU$501.7 million, up 36.6% on FY18 Revenue of $136.4 million up 31.2% on the prior year FY19 pro forma EBITDA of $6.8 million, beats prospectus forecast by 11.5%. Total customers numbers in Australia and NZ top 20,000, up 58% YoY. NPAT loss of… Read more »
Adrienne Church, GM of Prospa NZ with founders and co-CEOs Beau Bertoli and Greg Moshal. ASX-listed small business lender Prospa is expanding in New Zealand, setting up its first local lending facility, worth NZ$45 million. Loans into NZ until now have been funded from Australia. The company says the standalone facility means around NZ$6 million… Read more »
Prospa co-founders Beau Bertoli and Greg Moshal Fintech startup Prospa (ASX: PGL) has turned into a nice little earner for its key investors, AustralianSuper and Airtree Ventures, with shares in the online small business lender soaring 18% on debut on the ASX at noon today. The jump added $110 million to Prospa’s market cap after… Read more »
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 »
Research shows onboarding programs, when done well, can significantly increase employee retention and productivity – but it’s also just the right thing to do.
Afterpay has taken out the Deloitte Fast 50, with average revenue growth of over 8,000 percent over the last three years.
Small business lending fintech Prospa has amended its loan terms following a review by the Australian Securities and Investments Commission (ASIC).
A group of fintech lenders have signed a Code of Lending Practice that aims to “standardise transparency and disclosure” around the loans they offer small businesses.
Two of Australia’s hottest startups, Unlockd and Prospa, built a business model reliant on a single, external force which ultimately left them vulnerable.
Online business lender Prospa has joined the lending panel of investment management company Yellow Brick Road, which is looking to extend its offering for small business customers.
Sitting behind fintech startups, the expected champion in NSW amongst all the industry segments, are health and biotechs.
Prospa has announced that it has raised a $20 million debt facility from Silicon Valley based VC firm Partners For Growth.
Australia is the top nation, alongside Brazil, facilitating the largest fintech deals outside the global core markets, according to a CB Insights report.
Expert360 has announced the close of a $13 million Series B round, which will fund the development of new features and international growth.