Tagged: prospa

Aussie Online Lender Prospa Tops $2 billion in Lending

Prospa Group Limited (ASX: PGL ) has topped $2 billion in lending to SMEs in Australia and New Zealand. In a public statement, Prospa said the milestone arrived after a solid increase in loan originations due to pent-up demand from small businesses. For the month… Read More

Prospa Releases Trading Report: Loan Volumes Returning Faster than Anticipated

Prospa (ASX:PGL), an online lender serving Australia and New Zealand, has released a Q3 2021 trading report stating that loan origination volumes have returned to pre-COVID levels faster than anticipated. According to the company, loan originations in Q3 2021 (Jan-March) stood at $121 million –… Read More

Australia GDP Better Than Expected, Prospa CEO Sees Indication of a Rebound

Australia reported better than anticipated GDP numbers this week with growth coming in at 3.3% in the September quarter, topping expectations of around 2.5%. The good news helped to provide some hope for the COVID battered economy. Speaking in Canberra, Philip Lowe, Governor of the… Read More

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

Australia: Online Lender Prospa Recognized as Fintech

Prospa (ASX: PGL), an online lender operating in Australia and New Zealand, has been recognized as the Fintech Lender of the Year by the MFAA National Excellence Awards. This is the third year running that Prospa has received the accolade. Prospa also shares that some… 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 Recognized as the MFAA State Excellence Fintech Lender Awards

Prospa, an online lender serving Australian SMEs, says it did a clean sweep of the MFAA State Excellence Fintech Lender Award for the third year running. According to the Fintech, the company has received the Fintech Lender Award for QLD at the fifth and final… 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

EY Fintech Australia Census: The Fintech Industry is increasingly profitable and the year on year revenue growth trend continues

For the fourth year in a row, EY Australia has partnered with Fintech Australia to publish a “census” on the status of the Fintech industry. The census is the result of a survey of 120 different Aussie Fintechs. In this year’s report, EY states that… Read More

Prospa Establish NZ Warehouse Facility, Shares Rise on ASX

Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More

Australian Online Lender Prospa Trades on ASX Following Successful IPO

Online lender Prospa has been admitted to the official list of the Australian Securities Exchange (ASX) following the successful completion of the IPO. According to a note from Prospa, the Fintech sold 29 million shares at $3.78/share raising $109.6 million. Following settlement, Prospa will have… Read More

Australias Largest Fintech Lender Prospa Plans Initial Public Offering for June

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

Online Lender Prospa Has Surpassed $1 Billion in Originations

Online lender Prospa has reported that loan originations have surpassed $1 billion. Prospa has now delivered the loans to over 19,000 Australian and New Zealand small businesses. The Fintech has also shared its top-level financial numbers. For the year ended 31 December, 2018 loan originations… 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

Online Lender Prospa Adheres to New Code of Lending Practice

Prospa, an online lender providing financing to SMEs, says that as of January 1st they will be operating in compliance with the Code of Lending Practice. The Code was created by a group of online lenders seeking to establish best practices for the sector of… Read More

Aussie Online Lender Prospa Recognized on Leadership List

Prospa, an online small business lender, has been recognized by Deloitte Technology Fast 50 Australia Awards for 2018. Prospa ranked 20th overall and 5th for leadership. The Deloitte Technology Fast 50 Australia Awards rank Australia’s fastest growing public or private technology companies based on their… Read More

Fintech Prospa Ranks 6th in LinkedIn Top Startups List

Prospa says it has been named 6th on the 2018 LinkedIn Top Startups List. The list marks the 25 best startups to work for in Australia. Prospa adds that it is the top Fintech on the list as well. Prospa is an online lender catering… Read More

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