Story image

Prospa named #1 in Australia at the Smart50 Awards

07 Nov 2016

Prospa is a leading online small business lender within Australia that’s just won first place at the Smart50 Awards in Melbourne.

Using a proprietary technology platform and an online application process, the company can approve loans and provide funding within 24 hours. 

The Awards recognise Australia’s top 50 fastest growing SMEs and was mainly dominated by fintechs and retailers. Prospa was awarded first place with incredible growth of more than 1000% over the past three years.

Beau Bertoli, joint CEO of Prospa, says they’re thrilled to be named #1 in Australia.

“Winning demonstrates that we understand the finance needs of small businesses. However this is just the beginning of our journey. We’ll continue to innovate and create ground breaking finance experiences to help Australian small businesses succeed,” he says.

“We’re the leading online lender to small business in Australia and determined to stay there. We have quality partners that share our values and we put customers at the centre of everything we do.”

Bertoli explains that both him and his joint CEO Greg Moshal have very big goals to change the face of business finance.

This award announcement caps off a successful quarter for Prospa, who last week announced they hit the $200 million mark in loan originations and secured an additional $50m debt funding from a large institutional investor.

Prospa was also recently named the leading Australian fintech in KPMG’s Top Fintech Innovators and a was a finalist in the Telstra Business Awards 2016. 

GitHub launches fund to sponsor open source developers
In addition to GitHub Sponsors, GitHub is launching the GitHub Sponsors, GitHub will match all contributions up to $5,000 during a developer’s first year in GitHub Sponsors.
Check Point announces integration with Microsoft Azure
The integration of Check Point’s advanced policy enforcement capabilities with Microsoft AIP’s file classification and protection features enables enterprises to keep their business data and IP secure, irrespective of how it is shared. 
Why AI will be procurement’s greatest ally
"AI can help identify emerging suppliers, technologies and products in specific categories."
Are AI assistants teaching girls to be servants?
Have you ever interacted with a virtual assistant that has a female-based voice or look, and wondered whether there are implicitly harmful gender biases built into its code?
Google 'will do better' after G Suite passwords exposed since 2005
Fourteen years is a long time for sensitive information like usernames and passwords to be sitting ducks, unencrypted and at risk of theft and corruption.
Hackbusters! Reviewing 90 days of cybersecurity incident response cases
While there are occasionally very advanced new threats, these are massively outnumbered by common-or-garden email fraud, ransomware attacks and well-worn old exploits.
Data#3 to exclusively provide MS licences to WA Government
The technology services provider has won two contracts with the Western Australia Government, becoming its sole Microsoft licence provider.
Why cash is no longer king in Australia
Australia is leading the way in APAC for granting credit on B2B transactions.