Prospa reports improved demand from SMEs
The FY20 results for non-bank lender Prospa reveal that loan originations saw an uplift in June, following a quiet few months due to COVID-19.
US fintech to acquire OnDeck
US fintech company Enova has announced that it is to acquire SME lender OnDeck in a transaction valued at approximately US$90 million.
CML Group makes strategic acquisition of Skippr to enhance tech capability
ASX-listed CML Group advise it has entered into a binding agreement to purchase 100% of the shares in Skippr Invoice Finance
Online lenders warn SME loan scheme may miss the mark
Australian online lenders have seen little uptake of the federal government’s revamped $40 billion small business guarantee scheme.
British fintech aims to ride virus tailwind into Australia
British fintech OakNorth, a business lender and provider of credit-risk assessment tech, has just opened an office in Sydney.
Tradeplus24 taps BDO Corporate Finance for growth equity hunt
Tradeplus24 has hired corporate finance consultants from BDO Corporate Finance to help the company secure $5 million in growth funding.
Prospa achieves clean sweep at MFAA State Excellence Awards, third year running
Prospa, Australia’s number one online lender to small business, celebrates a clean sweep at the MFAA State Excellence Awards for the third year running.
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.
