Prushka Fast Debt Recovery

What Prushka Fast Debt Recovery does

Prushka Fast Debt Recovery is an Australian commercial debt collection firm founded in 1976, headquartered in Melbourne (Mitcham) and operating domestically with 11-50 employees. The company recovers overdue B2B debts for commercial clients and SMEs, anchored on a contingency-based 'No Recovery, No Charge' pricing model for late-stage recoveries and quote-based pricing for earlier-stage work. Its core service is end-to-end receivables management, supported by dedicated debt portfolio managers assigned per client, automated debtor reminders, a client/debtor portal for progress tracking and payments, and portfolio analytics tools.

Since 2024 Prushka has operated commercially as 'Prushka powered by recoveriescorp,' a co-branded partnership with Recoveries Corporation Pty Ltd (recoveriescorp), a 30-year-old receivables management firm whose client base includes major Australian banks, government agencies, utilities, and insurance companies. The combined entity delivers enterprise and SME debt recovery through one channel. When debtors become unresponsive, Prushka escalates to in-house legal services through Mason Black + Mendelsons Lawyers, a specialist commercial litigation and dispute resolution firm that handles debt recovery litigation under the same brand. Operations are governed by the Australian Privacy Principles (Privacy Act 1988), with personal data held in ISO 27001-certified systems, and select data processing is handled by contracted staff in Australia, Fiji, and South Africa.

Name

Prushka Fast Debt Recovery

Legal name

Recoveries Corporation Pty Ltd

Website

https://prushka.com.au

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Prushka Fast Debt Recovery is an Australian commercial debt collection firm founded in 1976 that recovers overdue B2B debts for SMEs, enterprises, and government clients via a contingency-based model, now operating as 'Prushka powered by recoveriescorp' with integrated legal escalation services.

Ownership category

akta.pro rank

Product category

Commercial Debt Collection Services

NAICS

Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Third-Party Debt Collection Agencies (Consumer & Commercial) (BPAAAEAB)

akta.pro secondary industry

Debt Recovery & Asset Recovery (Repossession Coordination, Collateral Recovery) (BPAAAEAE)

Keywords

• Commercial debt recovery
• Debt collection services
• Receivables management
• Debt litigation services
• B2B debt recovery

Headquarters

HQ city

Mitcham

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Debt Recovery Services: Contingency-based debt recovery with 'No Recovery, No Charge' model for late-stage recoveries. The company pioneers this approach since 1976, charging clients only when debts are successfully recovered.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Prushka provides end-to-end commercial debt recovery services in Australia, combining Prushka's 43+ years of commercial debt recovery expertise with recoveriescorp's industry-leading technology, infrastructure, and compliance capabilities. Each client is assigned a dedicated debt portfolio manager, supported by collection technology, automated reminders, a client portal, and in-house legal/litigation services through Mason Black + Mendelsons Lawyers. Late-stage recoveries operate on a 'No Recovery, No Charge' contingency basis.

Product overview

Prushka powered by recoveriescorp is a single unified commercial debt recovery service that combines debt collection expertise with technology and legal services. The core offering includes end-to-end receivables management with dedicated portfolio managers, supported by industry-leading collection technology and analytics (including a customer portal and automated reminders), and in-house litigation services through Mason Black + Mendelsons Lawyers. The company operates on a 'No Recovery, No Charge' basis for late-stage recoveries.

Differentiator

Problem solved

Functional benefit

Products and services

• Prushka powered by recoveriescorp Commercial Debt Recovery End-to-end commercial debt recovery service for Australian businesses, combining dedicated debt portfolio managers, collection technology, automated reminders, a client portal, and analytics to recover outstanding B2B receivables while preserving commercial relationships.
• Debt Litigation Services (via Mason Black + Mendelsons Lawyers)

Quantifiable outcome

• Over 58,000 clients served across Australia
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• RecoveriescorpcoreStrategic or Co-development PartnerStrategic partnership combining Prushka's 43+ years of commercial debt recovery expertise with recoveriescorp's industry-leading technology, infrastructure and compliance capabilities. recoveriescorp brings 30 years of receivables management and insurance claims recovery experience working with major banks, government agencies, utilities, and insurance companies. The partnership enables end-to-end client-focused debt recovery services.
• Mason Black + Mendelsons Lawyers (MB+M)coreImplementation/ SI/ Consulting PartnerIn-house legal services provider for debt litigation when debtors become unresponsive. Highly experienced in commercial debt litigation, debt recoveries, dispute resolution and insurance law. MB+M provides legal tools to recover all arrears where all other options have been exhausted, operating in a calm, conflict-minimal way.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Regional players

• Atradius Collections: Global B2B receivables management and commercial collections provider with an Australian presence. Comparable in commercial-focused debt recovery model, but operates globally and primarily services larger export-oriented trade creditors.

Direct peers

• Probe Group: Australian customer experience and receivables management outsourcer with significant debt collections capability for enterprise clients. Comparable in operating model (BPO-style collections with technology enablement) and in serving banks, telcos, and utilities.
• Credit Corp Group: ASX-listed Australian debt buyer and collector (CCP) operating across consumer and commercial receivables. Directly comparable in terms of core service offering (contingency collections and purchased-debt recovery) and Australian market focus, but with materially larger scale and capital base.
• Collection House: ASX-listed Australian debt collection and receivables management firm (CLH) serving banks, government, and commercial clients. Highly comparable service mix and customer base, with stronger balance sheet but similar regulatory and dependency profile.
• Pioneer Credit: ASX-listed Australian debt buyer and recovery specialist (PNC). Comparable in core commercial and consumer collections activities, with a debt-purchasing model that differentiates it from Prushka's pure contingency approach.
• Baycorp (Australia & New Zealand): Trans-Tasman debt collection and receivables management provider. Comparable in core commercial and consumer collections activities and in serving financial institutions, with a similar 'no recovery, no fee' offering across Australia/NZ.
• Hamilton Reed & Co: Australian commercial debt collection agency focused on B2B recoveries and legal escalation. Closely comparable to Prushka in target market (SMEs and commercial clients) and service mix, including litigation support.

Broad incumbents

• Equifax Australia: Major Australian credit bureau and consumer credit reporting agency with adjacent collections and identity-services offerings. Comparable in being a regulated data-and-recoveries player serving banks and large enterprises, though its portfolio is much broader than Prushka's.
• Euler Hermes Collections (Allianz Trade): Global trade credit insurer with a worldwide commercial collections arm operating in Australia. Comparable in B2B debt recovery for commercial creditors, though it is part of a much broader credit-insurance platform rather than a specialist Australian operator.

Others

• Recoveriescorp (Recoveries Corporation Pty Ltd): Strategic partner of Prushka and parent operating entity providing technology, infrastructure, and compliance for the joint offering. Comparable in service capabilities but is the enabling partner rather than a competitive peer for the same commercial niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/prushkahouse
• LinkedInlinkedin.com/company/prushka-fast-debt-recovery-pty-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prushka Fast Debt Recovery