Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
Prospa leads Asia Pacific for fintech growth

Prospa leads Asia Pacific for fintech growth

Leading online small business lender Prospa has been named by Deloitte as the third fastest-growing technology company in the Asia-Pacific region.

With a massive 6,971 per cent growth over the past three years, the fintech lender was one of two Australian companies to be named in the top five of the 2015 Deloitte Technology Fast 500 Asia Pacific (the other being IT company Cirrus Networks), after topping the Fast 50 for Australia last month.

Stuart Johnston, technology, media and telecommunications leader at Deloitte Australia, said the group’s research shows that where there is customer friction and significant profit pools, disruption will happen.

Advertisement
Advertisement

“Prospa’s rise is a good example of an offering that meets a market need for safe, easy and fast finance in the small and medium-size business area,” he said. “Prospa has grown almost 7,000 percent over the last three years.”

Prospa joint-CEO Beau Bertoli said the group’s inclusion on the Fast 500 list is an endorsement for not only Prospa, but the strength of the Australian fintech industry.

“We’re incredibly proud that as a dynamic, independent and Australian company, we’ve been recognised as a technology leader in Asia among a list of companies that are transforming the way people do business today,” he said.

“We solve a very real problem for small businesses. We’re working hard to raise awareness that business owners can now have fast, easy access to finance to grow. Prospa has the smart technology platform and the partnerships, processes and people to remain Australia’s leading online small business lender and continue to lead the fintech industry in Australia.”

[Related: La Trobe Financial picks up prestigious title]

Prospa leads Asia Pacific for fintech growth
mortgagebusiness

 

Latest News

A big four bank has announced the appointment of a new chief executive officer. ...

Digital neo-lender 86 400 has been granted a full authorised deposit-taking institution licence by APRA and expects to launch its mortgage ...

The prudential regulator’s “risk-averse” approach has inhibited financial services firms from innovating and adopting technologies tha...

FROM THE WEB
podcast

LATEST PODCAST: A shift in serviceability requirements

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.