Online lender Prospa has reported loan originations of $100.7 million for the last three months of 2020, up by 26 per cent on the previous quarter as demand for finance from small and medium businesses starts to normalise.
The nine-year-old fintech experienced strong month-on-month growth late last year, with $19.6 million in loans originated in October, $32.4 million in November and $46.6 million in December.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
