After a relatively quiet listing on the ASX in June, small business lender Prospa has just released its maiden full year results, with several key metrics exceeding prospectus forecasts. According to Joint CEO & Co-Founder, Greg Moshal, Prospa has a “laser focus” on helping small businesses to succeed by providing competitive financing options that can be applied for online in just 10 minutes. “We’ve been trading now for seven years, we’ve lent out just over $1.2 billion to the Australian small business economy, and these are now really material numbers… This is so important for the Australian economy, because small businesses really are the lifeblood of this economy – there are over 2 million small businesses in Australia,” Joint CEO & Co-Founder, Beau Bertoli told Livewire.
Watch the video below to hear how they’re bringing ‘Buy Now, Pay Later’ to the business world, and read their latest company presentation here.
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