Prospa Group Limited (ASX:PGL) is an Australian financial technology company specializing in online lending solutions for small and medium-sized enterprises. Founded in 2012 and headquartered in Sydney, New South Wales, the company provides unsecured and secured small business loans up to $1 million, business lines of credit up to $500,000 with renewable two-year terms, business loan plus products for larger amounts requiring property security, and transaction accounts integrated with tools like Xero for cash flow management; these offerings target industries including retail, hospitality, health, construction, professional services, manufacturing, transport, and wholesaling, with distribution through finance brokers, aggregators, accountants, and online partners. Prospa operates primarily in Australia and New Zealand, utilizing a proprietary Credit Decision Engine that assesses over 450 data points for rapid approvals often within hours. In January 2024, Prospa acquired Zip Business Pty Ltd's performing Australian business loan portfolio for A$15.6 million, adding approximately A$18.4 million in loans across 370 small businesses to enhance its funding capacity. In August 2024, the company was acquired by a consortium led by Salter Brothers Tech Fund via a scheme of arrangement, delisting from the ASX while maintaining operational continuity and partner-focused strategies. Recent product developments include the launch of Prospa IQ, a quoting tool, and an increase in small business loan limits to $1 million, alongside ongoing innovations in digital finance platforms and API integrations.