Fintech lender Prospa has expressed disappointment in the second and third versions of the federal government’s coronavirus SME loan for favouring incumbent lenders.
Speaking at the annual fintech industry conference Intersekt 2021 in Melbourne, Prospa co-founder and CEO Greg Moshal praised the government’s quick response to the coronavirus while criticising the narrow focus of the loan scheme.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
