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Australian SME lender named APAC’s top high-growth company

by Reporter10 minute read
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Small business lender Prospa has been named as the number one high-growth company in Asia-Pacific in The Financial Times’ 1000 list.

The inaugural FT 1000 High-Growth Companies Asia-Pacific list, compiled by Statista, considered companies based in 11 of the region’s more developed markets: Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Taiwan. Those that participated were ranked according to the percentage growth in their revenues between 2013 and 2016.

Several Australian companies made the list, with Sydney-based companies accounting for 52 of the 1,000 companies on the list.

Coming out top of the list was online lender Prospa, which has recently been cited as one of the fastest growing fintechs in the region.


Speaking of the ranking, Prospa’s joint CEO, Greg Moshal, commented: “Disruptive business models driven by technology are changing the world as we know it. People are looking for new ways of working and living that make their lives easier, whether that’s finding a job, booking a holiday or financing their small business.”

Beau Bertoli, joint CEO of Prospa, added: “It’s great to see so many local companies recognised here, and it shows the significant traction Australian businesses are gaining in a global context.”

Prospa has experienced accelerated growth over the past year, having now delivered more than $500 million to small businesses across Australia.

The company has been growing rapdily in recent months and in January appointed a KPMG partner to the role of head of group capital management.

Raj Bhat, who has served as an adviser to Prospa’s management team for the past three years, will assume his new role in March 2018 and will be tasked with advancing Prospa’s capital strategies designed to improve small business cash flow.

[Related: Aussie SME lenders make Fintech 100 list]

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