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About Prospa Group
Its shares trade on ASX under the ticker PGL.AX. It has been listed since 11 June 2019. In the fiscal year to 30 June 2023, it reported revenue before interest expense of A$270.2m and a net loss of A$44.9m. At that date it held total assets of A$899.0m and shareholders' equity of A$93.0m.
Prospa Group Ltd. is a financial technology company that engages in the design, build, and utilize cloud-based, data rich and application program interface-enabled technologies. The company is headquartered in Sydney, New South Wales. The company went IPO on 2019-06-11. The firm is a provider of cash flow products and services. The Company’s operations consist primarily of the provision of loans to small businesses in Australia and New Zealand. The company facilitates referrals and customer acquisitions from a network of distribution partners, including finance brokers, aggregator networks, online affiliates, accountants and other advisers. The purpose-built credit decision engine (CDE) enables approvals and adoption of dynamic risk-based pricing, where interest rates associated with a facility are based on credit risk assessments for individual customers. Its CDE allows the business to quickly evaluate opportunities and potential risks across the portfolio. Its product suite includes a Small Business Loan and a Line of Credit. The firm has launched Prospa Plus Business Loans, offering higher credit quality for small to medium enterprises (SME).
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Consumer Finance
- Listed since
- 11 Jun 2019
- Website
- ipo.prospa.com ↗
Leadership
Pay as last reported
- Mr. Gregory MoshalChief Executive Officer, Co-Founder, Executive Director, since 2018A$905,041
- Mr. Beaumont BertoliChief Revenue Officer, Co-Founder, Executive Director, since 2018A$899,250
- Mr. Ross AucuttChief Financial OfficerA$730,402
- Ms. Elise WardChief People Officer
- Dr. Shai HaimChief Technology Officer
- Mr. Ben LambChief Commercial Officer
- Mr. Andrew MalekChief Product Officer
- Ms. Stephanie RowlandCompany Secretary, Senior Legal Counsel
- Mr. Greg RuddockDirectorA$45,107
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The Prospa Group Ltd operates in the Australian Financials sector with a strong technology foundation.
- The company utilizes a purpose-built credit decision engine for dynamic risk-based pricing strategies.
- Prospa Plus Business Loans target small to medium enterprises with higher credit quality standards.
Weaknesses
- The company relies heavily on a network of distribution partners for customer acquisitions.
- Prospa Group Ltd faces risks associated with evaluating potential risks across its loan portfolio.
- The firm's operations are primarily limited to providing loans in Australia and New Zealand.
Opportunities
- The company can expand its cloud-based technologies to serve more finance brokers and advisers.
- Prospa Group Ltd may grow its Line of Credit product suite for small businesses.
- The firm can leverage data-rich technologies to enhance cash flow products for SMEs.
Threats
- Changes in credit risk assessments could negatively impact the dynamic pricing model of Prospa.
- Increased competition among online affiliates and aggregator networks may reduce customer acquisition efficiency.
- Economic downturns in Australia and New Zealand could increase default rates on small business loans.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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