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Prospa Advance Pty Limited provides online small business loans, based in Sydney, Australia.
Founded in 2011 and based in New South Wales, Australia, Prospa Advance Pty Limited provides online lending to small and medium businesses through a technology platform, offering loans of USD 5000 to USD 250,000 with funding possible within 24 hours. CEO Greg Moshal leads the company. In February 2017 it raised AUD 25 million in growth capital led by returning investor AirTree Ventures, with Entrée Capital, Ironbridge Capital and Square Peg Capital. It is listed at the Late stage.
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