Prospa
- Company typePrivate
- Founded2011
- HeadquartersSydney, Australia
- Headcount251–500
- GTM typeB2B
- OfferingServices
Prospa firmographics
Firmographics- Name
- Prospa
- Legal name
- Prospa Advance Pty Ltd
- Website
- https://prospa.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Prospa industry classification
Industry- Product category
- Small Business Online Lending
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SME Term Loans & Growth Capital (FSAKAGAB)
Keywords
Where Prospa is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Prospa business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Small Business Loans: Lump sum funding from $5K to $500K with fixed terms up to 5 years. Revenue generated through establishment fees (3-3.5%) and interest charges on the principal balance.
- Business Loan Plus: Larger loans from $500K to $1M for established businesses with 3+ years trading history. Establishment fee of 2-3% plus interest charges.
- Business Line of Credit: Revolving credit facility up to $500K on 24-month renewable term. Revenue from weekly service fee (0.046%) and daily interest calculated only on drawn funds.
- Business Account: Free everyday transaction account with Prospa Visa Business Debit Card. Revenue from transaction fees, foreign exchange margins, and card usage.
- Qantas Points Integration: Rewards program partnership offering Qantas Business Points on loans (1 point per $1 funded up to 500,000 points). Additional 0.49% origination fee for Qantas Points option.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Weekly | Small Business Loan: $5K-$500K, 6 months trading, $6K monthly turnover |
| One time/ perpetual license | Weekly | Business Loan Plus: $500K-$1M, 3 years trading, $2M annual turnover |
| Usage-based | Pay-as-you-go | Business Line of Credit: $2K-$500K, 6+ months trading |
| Hybrid | One time/ perpetual license | Qantas Points Option: 1 Qantas Point per $1 funded, up to 500,000 points |
| Freemium | Monthly | Business Account: Free everyday transaction account |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Prospa product offering
Product offeringCore offering
Prospa is an Australia and New Zealand-based online lender that provides fast, unsecured working capital to small businesses. Its core offerings include Small Business Loans (A$5K–A$500K), Business Loan Plus (A$500K–A$1M), a Business Line of Credit (A$2K–A$500K), and a Business Account transaction account with debit card and integrated payment features.
Product overview
Prospa is an Australian fintech lender offering a unified financial platform for small businesses. The core lending products consist of the Small Business Loan ($5K–$500K), Business Loan Plus ($500K–$1M), and Business Line of Credit ($2K–$500K). These are complemented by the Business Account—a free transaction account with a Visa Business Debit Card—and a suite of payment and rewards features including Pay by Card, Tap to Pay, Bill Pay, Prospa Rewards, and Qantas Business Rewards integration. The ecosystem is supported by the Prospa App for mobile access, the Partner Portal for broker workflows, and Prospa IQ for intelligent partner quoting. Together, these products provide Australian SMEs with end-to-end funding, payments, and rewards management through a single platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Small Business Loan Unsecured small business loan of A$5,000 to A$500,000 with weekly repayments over 3 to 24 months, designed for small businesses needing fast access to working capital with funds often delivered within 24 hours. No upfront security required for loans up to A$150,000.
- Business Loan Plus Unsecured business loan from A$500,000 to A$1,000,000 aimed at established Australian businesses seeking larger working capital, with weekly repayments over 12 to 24 months.
- Business Line of Credit Revolving line of credit from A$2,000 to A$500,000 providing flexible on-demand access to funds for Australian small businesses, with interest applied only on the amount drawn.
- Business Account Small business transaction account with linked debit Mastercard and integrated add-ons (Tap to Pay, Pay by Card, Bill Pay, Prospa Rewards, Qantas Business Rewards) for Australian small business customers.
- Partner Portal Online portal enabling Prospa's broker, accountant, and aggregator partners to submit small business loan applications, track deal status, and access referral commission and reward information.
- Prospa IQ
Quantifiable outcome
- 80% reduction in manual verification work
- +6 more outcomes
Companies that use Prospa
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles3 records
Prospa technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
Prospa partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Qantas Business RewardscorePartnership allows eligible SME borrowers to earn up to 500,000 Qantas Points per loan when taking out a Prospa Small Business Loan or Business Loan Plus. Points can be redeemed for travel, accommodation, and other business costs. Described as a first in the non-bank SME lending space. Prospa indicated plans to expand the arrangement to include bill payment functionality through its payments platform.
- Neo4jcoreNeo4j's knowledge graph technology is used by Prospa to unify customer identities, serve real-time recommendations, and detect churn risk earlier. Achieved measurable outcomes including 80% reduction in manual verification work and 92% reduction in manual analytics work.
- BasiqcoreBasiq provides the advanced bank verification system link for instant verification of bank account information online, enabling fast application decisions.
- Australian Federal PoliceminorNeo4j graph database is used by Australian organizations including AFP, ANZ, Commonwealth Bank, and Prospa for investigations, data lineages, and creating digital twin models.
Scale indicators7 records
Recent moves6 records
Expansion highlights3 records
Prospa competitors and assessment
Company assessmentDirect peers
- Plenti Group: ASX-listed Australian fintech lender (PLT) offering consumer and asset/SME finance through a digital platform. Closest Australian-listed direct competitor to Prospa in online lending to SMEs and individuals.
- Wisr: ASX-listed Australian consumer/SME fintech lender (WZR) operating a digital credit marketplace. Competes with Prospa in the Australian online personal and small business lending space.
- SocietyOne: Australian digital lender (backed by Investec and others) providing personal and SME loans via an online marketplace. Directly comparable to Prospa's online SME lending model in Australia.
- MoneyMe: ASX-listed Australian fintech (MME) providing consumer loans, automotive finance, and SME credit products via a digital platform. Competes with Prospa in the Australian online lending category.
- Scottish Pacific: Australian specialist SME finance provider focused on invoice finance and working capital lending. Direct competitor in the Australian SME working-capital/credit market alongside Prospa.
Broad incumbents
- Judo Bank: ASX-listed Australian challenger bank (JDO) purpose-built for SME lending. Broader incumbent to Prospa in Australian SME credit with a deposit-funded balance sheet giving it a cost-of-funds advantage.
- Latitude Group: Australian consumer and SME finance provider (formerly ASX-listed, now privately held) offering personal loans, credit cards, and SME credit. Comparable to Prospa in target customer and product breadth.
Emerging players
- Zip Co: ASX-listed Australian digital payments/BNPL provider (ZIP) that has expanded into consumer and SME credit. Adjacent competitor to Prospa in Australian digital finance with overlapping target SMBs.
Regional players
- Funding Circle: UK-listed (LSE) SME online lending marketplace. Highly comparable business model to Prospa's online SME lending focus, but operating in a different geography (UK/Europe vs. Australia/NZ).
- BlueVine: US-based fintech providing working capital lines of credit and term loans to small businesses. Closest US geographic analogue to Prospa's SME lending product set (lines of credit, term loans).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Prospa social profiles
Digital presenceProspa compliance and trust
Trust signalCompliance2 records
Prospa financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prospa leadership team
Management profileNumber of profiles
Profiles7 records
Prospa subsidiaries and ownership
Company hierarchySubsidiaries1 record
Prospa funding detail
Funding detailFunding overview
Funding rounds8 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prospa M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prospa
What does Prospa do?
Prospa is an Australia and New Zealand-based online lender that provides fast, unsecured working capital to small businesses. Its core offerings include Small Business Loans (A$5K–A$500K), Business Loan Plus (A$500K–A$1M), a Business Line of Credit (A$2K–A$500K), and a Business Account transaction account with debit card and integrated payment features.
Is Prospa a public or private company?
Prospa is a private company. It is classified as public and is currently operating.
When was Prospa founded?
Prospa was founded in 2011. It employs 251 to 500 people.
Where is Prospa based?
Prospa is headquartered in Sydney, Australia, in the Oceania region.
How does Prospa make money?
Five revenue lines are on record. Small Business Loans are the primary driver. The others are business Loan Plus, business Line of Credit, business Account and qantas Points Integration.
Who are Prospa's main competitors?
Direct peers on record are Plenti Group, Wisr, SocietyOne, MoneyMe and Scottish Pacific. Broad incumbents are Judo Bank and Latitude Group. Zip Co is listed as an emerging player. Regional players are Funding Circle and BlueVine.
Does Prospa have an API?
No public API is recorded for Prospa.
What industry is Prospa in?
Prospa's product category is Small Business Online Lending. Its primary akta.pro industry code is FSAKAGAB, SME Term Loans & Growth Capital. Its NAICS code is 522 and its SIC code is 6153.