Australian online small business lender Prospa has been named Australia's fastest growing technology company at the annual Australian Deloitte Technology Fast 50 awards held last week.
The company experienced a 6971% revenue growth from 2013 to 2015, the company says, commenting that the award is a ‘true recognition of Prospa's bold innovation, dedicated leadership and strong growth'.
"We are thrilled to be at the top of such an esteemed list of fast growing Australian companies," says Beau Bertoli, Joint CEO of Prospa.
"Being ranked first on the Deloitte TechFast 50 is an incredible endorsement of the success Prospa has experienced over the past three years,” he says
“Prospa has solved a very real problem for small businesses by providing them with the opportunity to access fast and easy finance to grow,” says Bertoli.
“Through our investment in technology and our team, we've developed an Australian-specific unsecured small business loan product with cash flow friendly repayments and a fast, easy online application that meets the demand of a hugely underserviced market.
Bertoli says Prospa is determined to remain Australia's leading online small business lender, by offering “new solutions and outstanding customer experience to our small business customers”.
“We will also continue to invest in technology, our people and partners,” he adds. “As the small business finance market grows, we in turn expect to continue our growth trajectory.
Joshua Tanchel, Deloitte Tech Fast 50 lead partner says of the award. “I am delighted to announce that the 2015 Deloitte TechFast 50 winner is Prospa, a fintech. As one of Australia's largest online small business lenders, Prospa secured a phenomenal 6971% growth, almost double last year's winning 3626% growth, ably delivered by NEXTDC, one of Australia's leading data center designers, developers and operators.
“Each year we are blown away by the quality, capacity and foresight of our Deloitte TechFast 50 award winners,” Tanchel says. “Their ideas, their grasp of what the market wants, and their ability to deliver is simply awesome.
Prospa's ranking in the Asia Pacific Technology Fast 500 will be announced in Honk Kong on the 3rd December 2015.