AOFM approves investment into Prospa warehouse trust
The Australian Office of Financial Management has approved a maximum investment of $90 million into a Prospa Group Limited warehouse trust.
Prospa reports strong Q3 but Q4 hard hit by COVID
SME lender Prospa has reported “solid” performance in the March quarter, but revealed it was “materially impacted” by COVID-19.
Prospa receives access to Federal Government’s SME Guarantee Scheme to support thousands of small businesses
The Federal SME Scheme is designed to support smaller businesses who are considered by the lender as being viable in the longer-term.
Prospa reached $1.4 billion in loans originated
Prospa’s total originated loans came in around AU$1.4 billion and have been delivered to nearly 27,000 businesses since it was founded in December 2012.
Prospa joins PLAN Australia panel
PLAN Australia has welcomed SME lender Prospa to its panel, enabling PLAN members to offer their clients Prospa’s small-business loans and lines of credit.
Prospa survey shows no rest for SMEs this holiday season
A new study from Prospa has revealed just how hard small businesses are working this holiday season, particularly in regional Australia.
Prospa loan originations outpace forecasts
The SME lender has announced that its loan originations have exceeded prospectus forecast figures, but revenue figures are set to miss the mark.
The Prospa IPO: Lessons from a watershed moment for fintech
The Prospa IPO highlighted a number of key lessons around investor education and transparency and paved the way for other budding fintechs wanting to go public.