About Prospa
Prospa is a company based in Cape Town (South Africa) founded in 2018 by Carl Ngwenya and Dhanyal Davidson. It operates as a Brokerage / Intermediation. Prospa has raised $235.32 thousand across 2 funding rounds from investors including AlphaCode and Startupbootcamp. Prospa offers products and services including Unsecured Business Loans. Prospa operates in a competitive market with competitors including Akiba Digital and GOOLD, among others.
- Headquarter Cape Town, South Africa
- Founders Carl Ngwenya, Dhanyal Davidson
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Sectors
Technology
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$235.32 K (USD)
in 2 rounds
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Latest Funding Round
$217.76 K (USD), Seed
Oct 22, 2018
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Investors
AlphaCode
& 1 more
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Employee Count
Employee Count
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Products & Services of Prospa
Prospa offers a comprehensive portfolio of products and services, including Unsecured Business Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Unsecured loans are provided for business funding needs.
Funding Insights of Prospa
Prospa has successfully raised a total of $235.32K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $217.76 thousand completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $217,759
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First Round
First Round
(12 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Seed - Prospa | Valuation |
investors |
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| Jul, 2018 | Amount | Seed - Prospa | Valuation | Startupbootcamp |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prospa
Prospa has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include AlphaCode and Startupbootcamp. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech focused global accelerator firm
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prospa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prospa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prospa Comparisons
Competitors of Prospa
Prospa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Akiba Digital and GOOLD, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Savings goals are managed and rewarded via AI-powered financial coaching.
|
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| domain | founded_year | HQ Location |
An app-based platform for savings and payment services for individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Prospa
When was Prospa founded?
Prospa was founded in 2018.
Where is Prospa located?
Prospa is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Is Prospa a funded company?
Prospa is a funded company, having raised a total of $235.32K across 2 funding rounds to date. The company's 1st funding round was a Seed of $17.57K, raised on Jul 12, 2018.
What does Prospa do?
Unsecured business loans are facilitated by Prospa for South African businesses, providing access to funding up to R5 million without collateral. Fast approvals and payouts within 24 hours are ensured through a simple online application process. The service targets established businesses with specific turnover and trading history requirements. By partnering with reputable lenders, transparency in loan terms and client support are prioritized. The focus is on the financial sector, offering flexible solutions compared to traditional banking options.
Who are the top competitors of Prospa?
Prospa's top competitors include Akiba Digital and GOOLD.
What products or services does Prospa offer?
Prospa offers Unsecured Business Loans.
Who are Prospa's investors?
Prospa has 2 investors. Key investors include AlphaCode, and Startupbootcamp.