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Prospa named Australia's fastest-growing tech company

Prospa named Australia's fastest-growing tech company

Prospa has been crowned the nation’s fastest-growing technology company at the annual Australian Deloitte Technology Fast 50 awards.

Held at the ASX last week, the online lender took out the top honour with an outstanding 6,971 per cent revenue growth from 2013 to 2015.

Prospa joint CEO Beau Bertoli said the award is true recognition of the group’s innovation, dedicated leadership and strong growth.

“We are thrilled to be at the top of such an esteemed list of fast-growing Australian companies,” he said.

“Prospa has solved a very real problem for small businesses by providing them with the opportunity to access fast and easy finance to grow.

“Through our investment in technology and our team, we’ve developed an Australian-specific unsecured small business loan product with cash flow friendly repayments and a fast, easy online application that meets the demand of a huge underserviced market.”

Looking ahead, Mr Bertoli said Prospa is determined to continue leading the pack by further investing in technology, staff and partners.

“We are determined to remain Australia’s leading online small business lender by continuing to offer new solutions and outstanding customer experience to our small business customers,” he said.

“As the small business finance market grows, we in turn expect to continue our growth trajectory.”

Prospa’s ranking in the Asia Pacific Technology Fast 500 will be announced in Hong Kong on 3 December.

The online lender recently announced it had secured $60 million in capital to expand its SME finance offering.

This comes after the group announced a partnership with leading mortgage aggregator AFG in August.

Prospa named Australia's fastest-growing tech company
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