Prospa named as #1 high-growth company in APAC on FT 1000 list

The Financial Times, in partnership with Statista, has identified Asia-Pacific’s top 1,000 high-growth companies.

With high growth a signal of underlying demand, the FT 1000 list, which was published this week, highlights the major players driving economic growth within the APAC region.

Sydney-based online small business lender, Prospa, has been identified as the top high-growth company in Asia Pacific. The list is dominated by technology companies, suggesting innovation and disruption are key drivers of growth across the regions key markets. Countries included in the research are Japan, South Korea, India, Australia, Hong Kong, Taiwan, Singapore, New Zealand, Malaysia, Indonesia and the Philippines.

138 companies from Australian and New Zealand make the list, and Sydney is also the most represented city on the list after Tokyo and Mumbai. The ranking was created using financial data from 2013 to 2016, and methodology notes can be found here.

Joint CEO of small business lender Prospa, Greg Moshal, commented: “Disruptive business models driven by technology are changing the world as we know it. People are looking for new ways of working and living that make their lives easier, whether that’s finding a job, booking a holiday or financing their small business.”

Beau Bertoli, joint CEO of Prospa, added: “It’s great to see so many local companies recognised here, and it shows the significant traction Australian businesses are gaining in a global context.”

Prospa has experienced accelerated growth over the past year, having now delivered more than $500 million to small businesses across Australia.