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Discontinuation of Partner Bank Accounts

August 6, 2024 Prospa Team No comments yet

To provide a more seamless banking experience for your business, partner bank accounts are being discontinued. What does this mean? Kindly update your application to the latest version on Play Store or Apple Store, to view the changes to your account details. We understand you might have questions about this transition. Please don’t hesitate to […]

Prospa pre-seed funding announcement
Company News

The Vision; Building the OS for Nigerian entrepreneurs

September 8, 2021 frederik 1 comment

We are excited to announce our $3.8 million funding round. We’re grateful to our members, the Prospa team, partners and investors. We’re pleased to welcome Global Founders Capital, Liquid 2 Ventures, and several other funds, leading founders and angels including Ankur Nagpal, Immad Akhund, Karim Atiyeh, Todd Goldberg, Rahul Vohra, James Beshara and others. Forever […]

Company News

Here’s What We’ve Been Up to at Prospa

July 26, 2021 chioma No comments yet

Over the last two years, Prospa has been consistent in its mission to power every single African entrepreneur in building financial prosperity. Our commitment to this mission has driven our efforts in the last few years to expand our offerings to include other essential business and banking solutions for the modern entrepreneur. Our services have […]

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Prospa is a global fintech company. Banking and other financial services are provided by licensed and regulated institutions in their respective jurisdictions. Access to products and services may differ depending on the country you are in when using Prospa. 

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    1. Personal Information

    Full Name of Business Owner:
    Gender:
    Phone Number:
    Email Address:
    Personal Credit Score Range:

    2. Business Information

    Business Name:
    Registered State:
    Registered Country:
    Registered Business Address:
    Business Turnover (Annual Revenue):
    Business EBITDA (If Known):
    Business Type:
    Year Established:
    Do you have any co-owners or partners in the business? YesNo

    Please provide their names and ownership percentages:

    3. Loan Information

    Amount of Loan Requested:
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    4. Permissions

    Do you authorize Prospa to access your business financial statements and bank records to verify your financial information? YesNo
    Do you authorize Prospa to conduct background checks on you and your business as part of the loan approval process? YesNo
    Do you give permission for Prospa to run a soft credit check that won’t affect your credit score? YesNo
    Do you consent to Prospa sharing your data with partners if you are eligible for loans? YesNo
    Do you agree that Prospa can retain your information in its database for future reference and loan eligibility checks? YesNo

    5. Business Financials

    Please provide a brief description of your business:

    Have you previously taken a loan for your business? YesNo

    Please provide details (amount, purpose, and repayment status):

    What is your current cash flow situation?

    Do you have any business assets that could be used as collateral? YesNo

    Please list the assets and their estimated values:

    What differentiates your business from your competitors?

    What are your growth plans for the next 1-3 years?

    How do you plan to use the funds from this loan to achieve your goals?

    Is your business fully compliant with local regulations and licenses? YesNo

    If no, please explain:

    Do you have business insurance? YesNo

    If yes, please specify the type of coverage: