Aussie online lender one of Asia Pacific's fast growing fintech companies

by Julia Corderoy07 Dec 2015
Online small business lender, Prospa, has been named as the third fastest growing technology company in the Asia Pacific region.  

Prospa was crowned third in the 2015 Deloitte Technology Fast 500 Asia Pacific at a presentation in Hong Kong last week, after achieving a massive 6,971% growth over the past three years and winning the 2015 Deloitte Technology Fast 50 Australia last month.

The award is open to Technology Fast 500 companies that come from countries with big local economies like China, India, Taiwan, Japan and South Korea, and cover a wide range of industries. 

Beau Bertoli, joint CEO of Prospa, said Prospa is one of two Australian companies to be named in the top 5 – a huge boon for the Australian fintech sector.

“We see our inclusion on this list as an endorsement for the strength of the Australian FinTech industry, not just Prospa. We’re incredibly proud that as a dynamic, independent and Australian company, we’ve been recognised as a technology leader in Asia among a list of companies that are transforming the way people do business today.”

According to Bertoli, small businesses account for about half the value of the economy and 70% of the workforce. However, small businesses face a real challenge accessing the finance they need to grow.

“We solve a very real problem for small businesses. We’re working hard to raise awareness that business owners can now have fast, easy access to finance to grow. Prospa has the smart technology platform and the partnerships, processes and people to remain Australia’s leading online small business lender and continue to lead the FinTech industry in Australia,” he said.