Prospa
prospa.com.au
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Overview
Prospa is an Australian online lender providing fast unsecured finance to small businesses. It uses automated credit assessment to approve working capital loans within hours rather than weeks. The company has lent billions of dollars to Australian and New Zealand small businesses.
News
Small business fintech Prospa subject to $74 million takeover bid
Innovative small business lender Prospa is subject to a takeover bid worth nearly $74 million, which could sweep the fintech off the ASX five years after its much-hyped but tumultuous public listing.
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Prospa Launches Enhanced Funding Solutions To Better Support Kiwi SMEs' Recovery And Growth
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Small business lender Prospa removes unfair contract terms following ASIC review
Fast-growing small business lender Prospa has agreed to alter its standard loan terms for small businesses, following an ASIC review.
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Prospa forced by ASIC to remove the unfair clauses in its contracts
The regulator has revealed the raft of problems with the fintech lender's contracts which resulted in its ASX float being pulled.
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