prospa

Prospa Lowers Interest Rates In Second Go At IPO
Prospa Lowers Interest Rates In Second Go At IPO
May 17, 2019  |  B2B Payments

More than a year after Prospa delayed its initial public offering (IPO) plans, the Australian alternative lender is once again gearing up to go public —...

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SoftBank Investment Creates $3.5B Supply Chain Finance Firm
SoftBank Investment Creates $3.5B Supply Chain Finance Firm
May 17, 2019  |  B2B Payments

Software as a service proved popular with investors this week, particularly in the cybersecurity space. But the largest round came courtesy of the SoftBank Vision...

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Prospa Agrees To Fair Lending Code Following Backlash, Nixed IPO
Prospa Agrees To Fair Lending Code Following Backlash, Nixed IPO
January 08, 2019  |  B2B Payments

Australian alternative small business lender Prospa is hoping to start the new year off right, announcing that the company will adhere to the industry’s co-called...

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Prospa Bends To Regs’ Unfair Contract Claims
Prospa Bends To Regs’ Unfair Contract Claims
September 10, 2018  |  B2B Payments

Weeks after Australia alternative lending platform Prospa cancelled its IPO, amid backlash over contractual agreements with borrowers, the company has bowed to regulators’ demands that...

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Alt-Lenders Vow Transparency After Prospa Backlash
Alt-Lenders Vow Transparency After Prospa Backlash
July 02, 2018  |  B2B Payments

Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa‘s high interest rates, which caused the FinTech to scrap its initial public...

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Westpac Ends Prospa Collaboration After IPO Postponement
Westpac Ends Prospa Collaboration After IPO Postponement
June 12, 2018  |  B2B Payments

Days after Australian alternative lending platform Prospa delayed its Initial Public Offering (IPO) indefinitely, one of its bank partners, Westpac, announced it was ending its...

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WeWork Lands $500M With Big Plans For China
WeWork Lands $500M With Big Plans For China
July 28, 2017  |  B2B Payments

It may be slow on the B2B venture capital front, with just $31.5 million in funding rounds for some pretty niche enterprise service providers. But...

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Alt-Lender Prospa Lands Australia’s Largest FinTech Funding
Alt-Lender Prospa Lands Australia’s Largest FinTech Funding
February 23, 2017  |  B2B Payments

Alternative lender Prospa has raised new venture capital that comes with a prestigious label for the company. Reports Wednesday (Feb. 22) said Prospa secured A$25...

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Reckon Snubs The Banks With Prospa SME Loan Deal
Reckon Snubs The Banks With Prospa SME Loan Deal
July 22, 2016  |  B2B Payments

Small business accounting firm Reckon wants to help its SMEs access financing — without having to go to the bank. To do so, the company...

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