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Prospa - About the company

Prospa is a public company based in Sydney (Australia), founded in 2011 by . It operates as an Online platform for business loans. Prospa has raised $122M in funding from investors like The Carlyle Group, AustralianSuper and Ironbridge. The company has 112 active competitors, including 5 funded and 3 that have exited. Its top competitors include companies like Butn, Shift and MTF.

Company Details

Prospa provides an online platform for business loans. It offers loans such as working capital loans, credit lines, equipment financing, and more. It offers loans on the basis of the product to be financed, loan term, credit assessments, and more. Businesses can register via the platform.
Website
Social
Email ID
@prospa.com
Phone Number
+61
Key Metrics
Founded Year
2011
Location
Sydney, Australia
Stage
Public
Total Funding
in 5 rounds
Latest Funding Round
Ranked
1st among
Similar Companies
&
Exit Details
Public
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Prospa's funding and investors

Prospa has raised a total funding of $122M over 5 rounds. Its first funding round was on Sep 04, 2015. Its latest funding round was a Grant (prize money) round on Jun 15, 2020 for an undisclosed amount. 1 investor participated in its latest round, which include The Carlyle Group, Partners For Growth, AustralianSuper and Ironbridge.

Prospa has 10 institutional investors including The Carlyle Group, AustralianSuper and Ironbridge. David Fite is only Angel Investor in Prospa.

Here is the list of recent funding rounds of Prospa:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Jun 15, 2020
Undisclosed
Grant (prize money)
9626498
7126078
Oct 2018
$43M
Series C
1769551
8347305
Jul 27, 2017
$20M
Conventional Debt
3716088
6472529
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Prospa's founders and board of directors

The founders of Prospa is .
Here are the details of Prospa's key team members:
  • : Co-Founder & CRO of Prospa.
    Contact Info:
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Prospa's Competitors and alternates

Top competitors of Prospa include Butn, Shift and MTF. Here is the list of Top 10 competitors of Prospa, ranked by ÃØÃÜÑо¿Ëù score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Prospa
Prospa
2011, Sydney (Australia), Public
Online platform for business loans
$122M
The Carlyle Group, Partners For GrowthÌý&²¹³¾±è;Ìý
57/100
2nd
Logo for Butn
Butn
2018, Sydney (Australia), Public
Provider of payment solutions for businesses
$12.5M
49/100
3rd
Logo for Shift
Shift
2014, Sydney (Australia), Series D
Provider of an online platform for business loans
$49.1M
Peak XV Partners, Alto PartnersÌý&²¹³¾±è;Ìý
47/100
4th
Logo for MTF
MTF
1970, Dunedin (New Zealand), Funding Raised
Provider of personal and business loan financing solutions
-
-
47/100
5th
Logo for Lumi
Lumi
2018, Bondi (Australia), Series C
Online marketplace for business loans
$39.5M
Perennial, Imprint Capital PartnersÌý&²¹³¾±è;Ìý
43/100
6th
Logo for Moula
Moula
2013, Melbourne (Australia), Series D
Online lending platform for unsecured business loans to SMBs
$45.1M
Acorn Capital, RTL Group InvestmentsÌý&²¹³¾±è;Ìý
41/100
7th
Logo for TradeBridge
TradeBridge
2013, London (United Kingdom), Funding Raised
Provider of financing solutions to e-commerce businesses
-
39/100
8th
Logo for CreditEnable
CreditEnable
2017, London (United Kingdom), Seed
Online marketplace for business loans
$5.05M
Accel, AstiaÌý&²¹³¾±è;Ìý
38/100
9th
Logo for Money3
Money3
2006, Bundoora (Australia), Public
Personal Loan Provider
-
-
35/100
10th
Logo for Rapid Loans
Rapid Loans
2003, Gold Coast (Australia), Funding Raised
Online platform for consumer and business loans
-
30/100
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Prospa's Investments and acquisitions

Prospa has made no investments or acquisitions yet.

Reports related to Prospa

Here is the latest report on Prospa's sector:
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News related to Prospa

Media has covered Prospa for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about people movement.
•
Prolific North•Aug 12, 2024•Prospa
•
TipRanks•Jul 22, 2024•Salter Brothers, Prospa
•
Australian FinTech•Jul 09, 2024•Prospa
•
Australian FinTech•Apr 05, 2024•Prospa
•
SmartCompany•Feb 28, 2024•Prospa, Salter Brothers
•
Australian FinTech•Feb 01, 2024•Prospa
•
Business News Australia Pty Ltd•Jan 24, 2024•Zip, Prospa
•
ChannelLife•Nov 02, 2023•Prospa
•
ChannelLife•Sep 12, 2023•Prospa, Lend
•
Australian FinTech•Aug 18, 2023•Prospa
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