Australia’s leading online small business lender, Prospa, has unveiled its new progressive brand and expansion of its product portfolio with the launch of what will be the country’s first non-bank all-in-one business account for small business.
Prospa CEO and co-founder,Greg Moshalsays the past three years have been a time of great change for small businesses, with shifts in the challenges they’re facing, the solutions they need and their outlook for the future.
“Over the past 10 years, Prospa has put our knowledge and understanding of small business to work. We’ve continued to invest in research, and listened to our customers, which has prepared us for the next 10 years of growth,” he said.
“We know small business owners are time-poor and using an average of six to eight apps for day-to-day financial management, and that access to working capital is still the biggest issue they face. It’s why we’ve introduced the Prospa Business Account.
“The Business Account is the next step in our evolution and underpins our commitment to help unleash small business potential, through our simple, seamless, and stress-free financial management platform. Prospa will continue to disrupt traditional banks with cutting-edge, technology driven solutions.”
With the Prospa Business Account, small businesses can make instant payments, manage cash flow with no minimum balance or deposits and access a 24/7 holistic view of all Prospa financial accounts via desktop or mobile app. There will be an upcoming overdraft feature that is currently in pilot phase.