Beau Bertoli is a co-founder of Prospa, the Sydney online lender to small businesses. He co-founded it with Greg Moshal in 2012 and served as co-CEO alongside him. The first loan was for A$20,000.
Prospa was the fourth business Bertoli had started. He had spent five years at FlexiGroup. Prospa offered fast online loans to small businesses that banks turned away, using a credit decision engine that evaluates more than 450 data points.
The IPO was delayed by about 12 months after ASIC raised concerns about the fairness of contracts. Prospa then began trading on the ASX on 11 June 2019 under the code PGL at A$3.78 per share, a valuation of about A$609.9 million.
In 2024 Prospa bought the Zip Business loan book for about A$15.6 million. A consortium led by the Salter Brothers Tech Fund then took the company private at A$0.45 per share.