Online lender's new board members excited to help SMEs

Prospa, the online lender to small businesses, has announced a new Chairman to its board.

Moving from his role as a Non-Executive Director at Prospa, Greg Ruddock had recently stepped down from the Board of Eclipx Group Limited.

The lender, which topped Financial Times’ 1000 High-Growth Companies in Asia-Pacific for 2018 also announced two more appointments.

Gail Pemberton AO and Fiona Trafford-Walker have filled positions as Independent Non-Executive Directors.

The new Board members will join existing Non-Executive Directors Avi Eyal from Entrée Capital, James Cameron from AirTree Ventures, and Executive Directors and Co-Founders Greg Moshal & Beau Bertoli.

Trafford-Walker said one of her reasons for joining the company’s board was the excitement of helping small and medium businesses grow.

She added: “Small and medium businesses are very important parts of our economic and social fabric. They create jobs, they innovate and they provide many of the goods and services that we all need and enjoy. Prospa has done a great job recognising the need for these businesses to have access to fast finance with a simple and easy application process. I joined the Prospa Board because I believe in what the company has accomplished so far and because I think that there is much more to achieve.”

With regard to Ruddock’s appointment to the role of Chairman, Joint CEO Beau Bertoli said: “Greg Ruddock has been instrumental in shaping the direction of the company, helping us grow into a market leader today. His appointment to the Chairman role underpins our ambitious growth strategy as we continue to empower a new generation of small businesses with innovative finance solutions.”

New chairman Ruddock added: “I’m excited to have been appointed Chairman and look forward to advising Prospa on the next stage of its development. In just six years, the Prospa team have done an outstanding job of building the leading fintech provider in its field and helping more than 12,000 Australian small businesses receive the finance they need to thrive.”