Prospa is an Australian financial technology company specializing in online lending services for small and medium-sized enterprises (SMEs). It is based in Sydney and has operations in Australia and New Zealand.[1]
History
Prospa was founded in 2012 by Beau Bertoli and Greg Moshal.[2] It was founded in response to the cash flow difficulties that small and medium-sized enterprises (SMEs) in Australia face in securing bank financing.[2][3]
In 2017, Prospa raised A$25 million from AirTree in a funding round that valued Prospa at A$235 million.[2]