Small business lender Prospa delivered record loan originations and said it would expand its product offering to help support customers through the pandemic.
Prospa shares jumped 13 per cent on Monday after the company reported an 85 per cent jump in loan originations in the second quarter compared with the same period of financial year 2021, to $186.6 million.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
