Tech

Fintech lender Prospa launches $110 million IPO after botched first attempt

Everyone deserves a second chance. And now Australian fintech-enabled small business lender Prospa will get one, as it confirms its intentions to list on the ASX. Again. In a a prospectus lodged with the exchange on Thursday, Prospa announced it is seeking to raise $109.6 billion with an initial public […]
Fintech lender Prospa launches $110 million IPO after botched first attempt
Markets

Fintech Prospa has now written $750 million in loans

Prospa’s loans for 2018 were $367 million, up 70%, and 9% better than prospectus forecasts. The fintech has now delivered over $750 million in loans to 15,000 Australian small businesses. Loans in New Zealand reaches $NZ1million in the first 30 days. Fintech Prospa, a lender to small business which in […]
Fintech Prospa has now written $750 million in loans
Markets

CANCELLED: Prospa postpones its $146 million ASX-listing indefinitely

Fintech lender Prospa has delayed its IPO indefinitely, after initially pulling its listing on Wednesday. It follows questions raised by ASIC about whether it’s lending model for small businesses complied with industry regulations. In a statement this morning, the company said it has been in consultation with ASIC, but didn’t […]
CANCELLED: Prospa postpones its $146 million ASX-listing indefinitely
Markets

More doubts on Prospa’s delayed ASX listing

Reports emerged today about possible further delays to the ASX-listing of small business lender Prospa. Street Talk in the Australian Financial Review reports “serious doubts” about whether the fintech will list as planned on tomorrow after pulling its listing on Wednesday. “Sources said Prospa’s board was meeting on Thursday afternoon, […]
More doubts on Prospa’s delayed ASX listing
Tech

10 biggest raises by Australian startups in 2017

Venture capital firm Right Click Capital has compiled the list of the 10 highest capital raises by Australian startups in 2017 for Business Insider. Right Click Capital partner Ben Chong said that Australia saw 71 private investments and acquisitions in the year to June 30, racking up $564.1 million worth […]
10 biggest raises by Australian startups in 2017