Prospa company logo

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prospa.com

Founded Year

2012

Stage

IPO | IPO

Total Raised

$111.47M

Date of IPO

6/11/2019

About Prospa

Prospa provides unsecured business loans to Australian small businesses and is Australian owned. The company's smart technology and online application process provides a fast and easy way to access small business loans.

Prospa Headquarter Location

Level 1 4-16 Yurong Street

Sydney, New South Wales, 2000,

Australia

1300 882 867

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Research containing Prospa

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Prospa in 2 CB Insights research briefs, most recently on Jun 9, 2021.

Expert Collections containing Prospa

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Prospa is included in 4 Expert Collections, including Fintech 250.

F

Fintech 250

498 items

D

Digital Lending

1,550 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

S

SMB Fintech

1,145 items

F

Fintech

3,389 items

Excludes US-based companies

Latest Prospa News

Aussie small businesses confident about the future with 81% forecasting growth in next 12 months, despite challenges

May 18, 2022

Aussie small businesses confident about the future with 81% forecasting growth in next 12 months, despite challenges Aussie small businesses confident about the future with 81% forecasting growth in next 12 months, despite challenges New research shows small businesses (SMBs) are confident about their future and ready to drive their next phase of growth. The research, carried out by small business lender Prospa , found that 81% of Aussie SMBs expect their businesses to grow in the next 12 months. This is despite 87% of businesses owners anticipating challenges within the same timeframe. Beau Bertoli, Co-Founder and Chief Revenue Officer at Prospa said, “Aussie small business owners have not had an easy ride navigating through the pandemic, supply chain issues, staff shortages, and now increasing operating costs. Despite ongoing challenges, the majority of small business owners have been working hard to make smart decisions to drive new revenue and become more efficient to propel growth.” The research found that 7 out of 10 business owners have either made, or are in the process of making, changes to their business. A large majority stated that they’ve already made changes to their pricing models to manage inflation and have plans to increase prices further in the next 12 months. This is combined with 71% of business owners expressing that they plan to embark on accessing funds in the short-term before possible further increases to interest rates. Beau Bertoli added, “This is a great opportunity for brokers and advisers to expand into commercial lending. Small businesses are not only confident, but studies show business owners are planning to apply for funds sooner to spare them from paying extra on their repayments. As a result, we encourage our partners to start conversations with small business clients and support them with accessing capital fast to keep their business moving.” Prospa has launched a ‘no repayment for up to eight weeks’ offer to support new and existing Australian small business customers prepare for the End of Financial Year, which will be available until 30 June 2022. To learn more about Prospa’s business funding products and solutions please visit www.prospa.com Join our Newsletter:

Prospa Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Prospa Rank

  • When was Prospa founded?

    Prospa was founded in 2012.

  • Where is Prospa's headquarters?

    Prospa's headquarters is located at Level 1, Sydney.

  • What is Prospa's latest funding round?

    Prospa's latest funding round is IPO.

  • How much did Prospa raise?

    Prospa raised a total of $111.47M.

  • Who are the investors of Prospa?

    Investors of Prospa include Entree Capital, AirTree Ventures, AustralianSuper, Square Peg Capital, Partners for Growth and 4 more.

  • Who are Prospa's competitors?

    Competitors of Prospa include MarketFinance, Fundbox, Lumi Finance, Funding Societies, BlueVine and 7 more.

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