Prospa raises $20m from Partners for Growth
Online business lender Prospa has raised $20 million from Silicon Valley-based Partners for Growth through a tailored debt facility that will allow it to ramp up loans and further develop its technology allowing credit assessments to be made in seconds. Prospa, which has lent more than $400 million to small businesses, up from $250 million in February after a strong fourth quarter, has deals with 4000 distribution partners, including finance brokers and cloud accounting platforms. It also has a referral partnership with Westpac Banking Corp. Prospa chief financial officer Ed Bigazzi said some of the new capital will be used for product development, including in invoice financing, and a stronger […]
DataMesh partners with Visa to advance card acceptance
DataMesh Group and Visa partner to enhance card acceptance payment processing experiences for merchants, acquirers, and consumers.
Nearly half of SMEs anticipate turnover dip by 2025 as economic pressures bite: Prospa
Prospa reveals that nearly half of SMBs in Australia anticipate a decrease in turnover by the end of the year due to economic pressures.
Eden Exchange adds SugarCRM AI-powered sales automation to its deal-making platform
Eden Exchange is revolutionising the deal-making process through technology with SugarCRM, provider of the award-winning AI-driven sales automation platform.
Victorian AI scale-up Clear Dynamics appoints veteran Gartner analyst Neil McMurchy to Board of Directors
Clear Dynamics, the Australian AI scale-up breathing new life into legacy systems, have today announced the appointment Neil McMurchy to its Board of Directors.
Innovation and consolidation key drivers of fintech M&A
Fintech startups are looking at M&A as a pathway for growth, driven by the need for scale or to acquire additional service offerings.
The 2023 Australian FinTech news headlines
Here are all the major Australian FinTech news headlines for 2023.
What ‘lit up’ the Australian economy in 2023, and what to expect in 2024
Moomoo Australia Chief Market Strategist Matt Wilson shares his commentary on 2023 in review, and what to expect in the new year.
