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 »
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 »
The Australian alternative lending space has a new player in its midst, with new offering Lumi launching following the raise of a $31.5 million Series A round.
Small business lending startup Prospa has delayed its ASX listing as it seeks to clarify questions raised by ASIC yesterday around its loan terms.