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Zip co-founder Larry Diamond says a rising tide lifts all boats.

'No hard and fast rule': Fintechs and banks size each other up

Westpac's banking services partnership with Afterpay will force fintechs and the big banks to reassess their relationship with each other, a trend that Zip co-founder and boss Larry Diamond says further reinforces the disruption sweeping the financial services sector.

  • Cara Waters

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Treasurer Josh Frydenberg has expanded the SME guarantee scheme.

Online lenders warn SME loan scheme may miss the mark

Australian online lenders have seen little uptake of the federal government’s revamped $40 billion small business guarantee scheme.

  • Cara Waters
In happier times: Beau Bertoli and Greg Mosha at Prospa's ASX listing last year.

Prospa admits figures were 'incorrectly stated' after latest ASX query

Small business lender Prospa has been forced to correct the stated balance of its third party funding on Thursday following its second query from the ASX in two weeks.

  • Colin Kruger
Xinja Bank chief executive Eric Wilson said the Emirates’ World Investments equity injection is the largest single investment in an Australian neobank or startup.

Facing the threats of the virus economy, fintechs are going for broke

Fintechs were finally fulfilling the promise of disrupting the way we deal with our finances. Then came the coronavirus.

  • Colin Kruger and Cara Waters
Prospa chairman Gail Pemberton said the board requested changes after last week's disastrous downgrade.

Prospa cuts bonuses, increases board scrutiny after downgrade disaster

Prospa executives face increased boardroom oversight and the loss of bonuses after delivering a disastrous update last week revealing it will miss its June earnings forecast by 60 per cent. 

  • Colin Kruger
Prospa chairman Gail Pemberton was buying the stock this week.

Directors of embattled Prospa buy shares ahead of AGM vote

The three Prospa non-executive directors, including chairman Gail Pemberton, facing re-election at next week's annual meeting have been buying up shares.

  • Colin Kruger
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Beau Bertoli and Greg Moshal successfully listed Prospa on their second attempt.

Prospa shares sink 28pc to record low after downgrade

Shares of recently listed small business lender Prospa crashed to a record low Monday morning after the company said earnings and revenue will be below its prospectus forecasts

  • Colin Kruger
Beau Bertoli and Greg Moshal, Prospa joint CEOs, just before the fintech lender listed on the ASX last month.

Prospa beats its IPO forecasts as bad debts decline

Newly listed small business lender Prospa managed to beat its financial year forecast and said it is on track to deliver its calendar year forecasts as well.

  • Colin Kruger
Beau Bertoli and Greg Moshal, Prospa joint CEOs, just before the fintech lender listed on the ASX at a 19 per cent premium to its offer price.

Prospa shares above IPO price after UBS initiates coverage with a 'buy'

Small business lender, Prospa Group, clawed back above the price investors paid in its float last month after one of its lead managers, UBS, initiated coverage with a Buy recommendation. 

  • Colin Kruger
Waddle co-founder Simon Creighton, said the company was approached by a number of banks last year which were interested in using its product.

Fintech Waddle in talks with local banks after RBS deal in UK

The startup allows small businesses to take a quick secured loan against their accounts receivables and has attracted the attention of banks.

  • Colin Kruger

Original URL: https://www.brisbanetimes.com.au/topic/pgl-i0l