SME financier Prospa wins Smart50 Awards

SMALL business finance specialist Prospa has capped off a successful 2016 by winning the top rank in the Australian Smart50 Awards in Melbourne recently.

The Smart50 Awards recognise Australia’s top 50 fastest growing small-to-medium enterprises (SMEs). This year those awards were dominated by financial technology (fintech) companies and retailers.

Prospa was awarded first place, citing an astonishing growth of more than 1000 percent over the past three years. Prospa announced earlier that the company had hit the $200 million mark in loan originations and secured an additional $50 million in debt funding from a large institutional investor. 

“We are thrilled to be named number one in Australia,” Prospa joint CEO Beau Bertoli said. “Greg (Moshal, joint CEO) and I have very big goals – to change the way small businesses experience finance.

“Winning demonstrates that we understand the finance needs of small businesses. However this is just the beginning of our journey. We’ll continue to innovate and create ground breaking finance experiences to help Australian small businesses succeed.”

Recent milestones for Prospa include being named leading Australian fintech and number 31 globally in KPMG’s Top Fintech Innovators, the company reaching 100 staff, and this year being a finalist in the Telstra Business Awards 2016 NSW Medium Business category. In recent years, Prospa has won the 2015 Deloitte Technology Fast50 Australia award and been placed at number 20 in BRW’s Fast Starters 2015.

“We’re the leading online lender to small business in Australia and determined to stay there,” Mr Bertoli said. “We have quality partners that share our values and we put customers at the centre of everything we do.”

www.prospa.com

 

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