About Prospa
Prospa is a company based in Sydney (Australia) founded in 2011 by Beau Bertoli. It operates as a FinTech, and Commission-Based. Prospa has raised $122.17 million across 5 funding rounds from investors including The Carlyle Group, Australian Office of Financial Management and AustralianSuper. Prospa offers products and services including Small Business Loan, Business Loan Plus, Line of Credit, and Business Account. Prospa operates in a competitive market with competitors including Lumi, Moula, Butn, Shift and TradeBridge, among others.
- Headquarter Sydney, Australia
- Founders Beau Bertoli
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prospa Advance Pty Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$122.17 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
The Carlyle Group
& 7 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 Small Business Loan, Business Loan Plus, Line of Credit, and Business Account. 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.
Funds are provided for small business growth needs.
Larger loans are offered for significant business plans.
Ongoing funds access is given for cash flow.
Transaction account is provided for business financial management.
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Funding Insights of Prospa
Prospa has successfully raised a total of $122.17M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(04 Sep 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Grant - Prospa | Valuation |
investors |
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| Oct, 2018 | Amount | Series C - Prospa | Valuation | AustralianSuper |
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| Jul, 2017 | Amount | Debt – Conventional - Prospa | Valuation |
investors |
| 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 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include The Carlyle Group, Australian Office of Financial Management and AustralianSuper. 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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Private debt loans are extended by this firm to businesses.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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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
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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 Lumi, Moula, Butn, Shift and TradeBridge, 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 |
Business loans are facilitated via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online lending platform for unsecured business loans to SMBs
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| domain | founded_year | HQ Location |
Payment solutions for businesses are facilitated via an integrated platform.
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| domain | founded_year | HQ Location |
Provider of an online platform for business loans
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| domain | founded_year | HQ Location |
Financing solutions and trading data are provided to e-commerce businesses.
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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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Latest news on Prospa
Frequently Asked Questions about Prospa
When was Prospa founded?
Prospa was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Prospa located?
Prospa is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Prospa a funded company?
Prospa is a funded company, having raised a total of $122.17M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20M, raised on Sep 04, 2015.
What does Prospa do?
Small business loans and financial solutions are offered by Prospa to support Australian and New Zealand businesses. Funding options including Small Business Loans, Business Loan Plus, and Lines of Credit are provided to address cash flow and growth needs. A Business Account is also made available for everyday transactions. The company operates in the financial sector, focusing on accessible and fast funding with online applications. Integration with tools like Xero and features like Bill Pay are included to simplify financial management for clients.
What products or services does Prospa offer?
Prospa offers Small Business Loan, Business Loan Plus, Line of Credit, and Business Account.
Who are Prospa's investors?
Prospa has 8 investors. Key investors include The Carlyle Group, Australian Office of Financial Management, AustralianSuper, Partners For Growth, and AirTree.
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