Posts tagged "Prospa"

Innovative small business lender Prospa is subject to a takeover bid worth nearly $74 million, which could sweep the fintech off the ASX five years after its much-hyped but tumultuous public listing.

Beau Bertoli reflects on the ways online finance has both changed and remained the same during Prospa's 10 years.

Loan provider Lendi Group is leading a national campaign for companies to offer workers paid COVID-19 vaccine leave, and is calling on other businesses to do the same.

American Express will leverage its global brand to offer Aussie SMEs unsecured business loans, in a first for the company outside the US.

Prospa attributes $19.5 million earnings loss on "unprecedented challenges" as big banks lean into online lending.

Australian startup leaders have sent a letter to Prime Minister Scott Morrison demanding the government engages with the sector on make-or-break policies.

Real estate agents are starting to cheer about the increase in property prices, but business owners looking to banks for loans have little to cheer about.

The Morrison government will consider whether to outlaw unfair contracts for small businesses next year, over a year after its initial announcement.

In a busy week for government, unfair insurance contracts are on the agenda, alongside measures to restrict cash payments.

The government will not hold a consultation on whether to outlaw unfair contracts until "late-2019", as renewed calls surface to get on with it.

Labor will make unfair contract terms illegal if it wins the next election — its latest move to strengthen its small-business platform.

Alternative-lending startup Capify has secured a $135 million credit facility, to reach more SMEs and take its business to the next level.