Prospa Group Ltd. (AU:PGL) has released an update.
Prospa Group Ltd reported a conservative Q3 FY24 with a 7.7% reduction in closing gross loans and a 7.3% decline in revenue, due to a cautious approach to risk. Despite the challenging economic environment, the company saw a 3% increase in active customers and successfully priced its third $200 million asset-backed securities offering. Prospa is committed to credit quality and strategic growth, including technology investments to enhance customer experiences.
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