Prospa logo — Fast and flexible business loans with easy online applicatio...

Prospa

Fast and flexible business loans with easy online application

Founded 2012 Australia Australia 287 employees Post Ipo Equity Total: $321.00M Finance, Financial Services +1

General Information

Company Name Prospa
Founded Year 2012
Location Australia Australia +2
Employees 287
Industries Finance, Financial Services, Fintech
Funding Stage Post Ipo Equity
Social

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About Prospa

Prospa is an Australian financial technology startup founded in 2012 with a mission to simplify financial management for small businesses. The company offers fast and flexible business loans with an easy online application process, catering to the needs of small businesses across Australia. Prospa has provided over $3 billion in funding, contributing an estimated $8 billion to Australia's GDP and supporting 114,000 FTE jobs, showcasing its significant impact on the economy. The company's proprietary technology platform enables small businesses to set up an account or apply for funds within minutes, demonstrating its commitment to providing efficient and accessible financial solutions. As of 05 April 2024, Prospa secured a $200.00M Post-IPO Equity investment, reflecting its continuous growth and investor confidence in its business model and services. With a focus on innovation and customer service, Prospa has received multiple awards and recognitions, positioning itself as a leader in the finance, financial services, and fintech industries. Overall, Prospa's dedication to empowering small businesses and driving economic growth makes it a noteworthy player in the financial technology sector.

For more information, visit prospa.com or contact at 1300 882 867.

Community Guidelines: prospa.com/community-guidelines

Taxonomy: small business finance, business lending, startup financing, Australian financial services, entrepreneurship support, online lending, unsecured business loans, financial management, technology platform, innovation, Australia's GDP contribution, award-winning company, credit license

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Equity •••••• - 05 Apr 2024
Post-IPO Equity •••••• 1 •••• •••• 01 Jan 2021
Venture Round •••••• 1 •••• •••• 01 Jan 2018
Debt Financing •••••• 1
Investor
27 Jul 2017
Series B •••••• 3
Investor Investor Investor
22 Feb 2017

View All 7 Funding Rounds

Prospa Alternatives & Competitors

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FAQ About Prospa

Fast and flexible business loans with easy online application
Prospa was founded in 2012.
Prospa is headquartered in Australia.
Prospa operates in the following industries: Finance, Financial Services, Fintech.
Prospa has approximately 287 employees.
Prospa has completed 7 funding rounds, raising a total of $321.00M. The latest funding stage is Post Ipo Equity.
Top alternatives and competitors to Prospa include iwoca, BTB - Be The Bank,, Boss Insights, Biz2Credit, Acclivity Financial. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Prospa and iwoca are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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