Tagged: greg moshal

Online Lender Prospa Reports Challenging COVID-19 Operating Condition

Prospa Group Limited (ASX: PGL) has posted a trading update for the quarter ending September 30, 2020 (1Q21). Prospa is an online lender serving Australian and New Zealand SMEs. According to Prospa total loan originations during Q1 came in at $80 million up 265% on… Read More

Online Lender Prospa Announces Full Year Results, Sees Green-shoots in SME Economy

Online lender Prospa (ASX: PGL), a Fintech serving Australian and New Zealand SMEs, has released FY20 unaudited results. Simultaneously, Prospa has announced that it has set aside an additional $20 million provision for credit losses, largely due to the ongoing COVID-19 crisis. Prospa notes that… Read More

Online Lender Prospa Reports Quarterly Results in Line with Management Expectations

Prospa (ASX: PGL), an online lender serving Australian and New Zealand SMEs, has reported March quarter performance with $122.8 million of total loan originations, up 21.5% on the prior corresponding period, and $37.4 million of revenue – a 13% increase versus the same period the… Read More

Australia: Prospa to Participate in Government’s SME Guarantee Program

Online lender Prospa Group Limited (ASX: PGL) has received access to the Australian government’s SME Guarantee Scheme to support small businesses impacted by the COVID-19 pandemic. The Fintech believes it is uniquely placed to implement the Government’s initiative. The Coronavirus Small and Medium Enterprises Guarantee… Read More

Prospa CEO Comments on Australian Government’s Support of Small Lenders to Back Businesses During COVID-19 Pandemic

Yesterday (March 19), the Australian Government announced an investment of up to $15 billion to enable smaller lenders to continue supporting Australian consumers and small businesses due to the Coronavirus (COVID-19) pandemic. In a statement by The Hon Josh Frydenberg MP, Treasurer of Australia, he… Read More

Online Lender Prospa Has originated over $1.4 billion in loans to date across Australia and New Zealand

Leading SME online lender Prospa Group Limited (ASX:PGL) has published results for the six months ended 31 December 2019 (HY20). According to the Fintech, total loan originations for the 6 month period were $306.8 million, bringing originations for the calendar year (CY19) to $583.0 million,… Read More

Online Lender Prospa Says its Lending Has Contributed $3.65 Billion to Australian GDP

Australian online lender Prospa has published a note reporting its services have boosted the Aussie economy by $3.65 billion in GDP. This amount apparently helps to maintain over 52,000 full-time jobs. The Fintech partnered with the RFi Group and the Centre for International Economics (CIE),… Read More

Australian Online Lender Appoints New Directors, Greg Ruddock to Become Chair of the Board

  Prospa, one of Australia’s leading online lenders to SMEs, has appointed Gail Pemberton AO and Fiona Trafford-Walker as Independent Non-Executive Directors to the Prospa Board. Prospa also announced that current Non-Executive Director Greg Ruddock has been appointed to the role of Chairman of the… Read More

Australian Online Lender Prospa Ranks #1 in List of High Growth Firms in Asia Pacific

Prospa, a Sydney based online lender servicing the SME market, has received a nice recognition as it took the top spot for a high growth firm in Asia Pacific. According to a recent ranking of the top 1000 firms in Asia-Pacific by the FT, Prospa… Read More

Australian Online Lender Prospa Tops Key Milestone as it Originates Over $500 Million in Loans

Prospa has claimed first in the race to originate over half a billion in small business loans. The online lender states that over the past 12 months, Prospa has experienced dramatic growth, doubling the size of its loan book. Prospa has now provided credit to… Read More

Online Lender Prospa is NSW State Winner in 2017 Telstra Business Awards  

Prospa, an online lender to Australian small business, has been awarded the 2017 Telstra New South Wales Medium Business Award in the 2017 Telstra Business Awards. Prospa said it was the first Fintech company to be awarded the accolade. This is the company’s third consecutive… Read More

Online Lender Prospa Appoints Damon Pezaro as Chief Product Officer

Prospa, an Australian online lender for small businesses, has appointed Damon Pezaro as its first Chief Product Officer. The online lender described the appointment as part of an expansion to its product offering to help more small business owners access finance. Pezaro joins Prospa from… Read More

FinTech Australia Announces Winners of Finnie Awards

The winners of the inaugural Finnie awards were announced earlier today at a ceremony attended by more than 200 guests at Sydney’s Darling Harbour, according to FinTech Australia. The winners of 29 awards were chosen by 39 local and international judges from 158 entries. The… Read More

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