Prospa
A financial services platform that provides business accounts, payments, and lending tools for SMEs, including business loans and lines of credit in supported markets.
Prospa Product Overview
Is Prospa Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian SMEs
- Small business owners
What It Does Well
- Business bank accounts
- Business payments
Things to Check
- Loan eligibility rules
- Loan limits
About Prospa
Prospa is a financial services platform for small and medium-sized businesses that offers business lending and banking tools in supported markets.
Key capabilities mentioned in available sources include:
- Business lending such as business loans (reported up to $1M) and lines of credit (reported up to $500K), with fast applications and potential same-day funding timelines depending on eligibility and market
- Cash flow management tools delivered through a mobile app
- Business payments features such as bill pay integrations (including Xero), bulk transfers and salary payments (as referenced in search results)
- Spend management via expense cards with spend controls, plus sub-accounts for budgeting use cases like payroll, taxes, and savings
Available on Web, Android, and iOS.
Target audience: SMEs and small businesses seeking business accounts, payments, and access to credit.
Notable in the African context: in Nigeria, Prospa is referenced as operating as a CBN-licensed, NDIC-insured microfinance bank, positioning it for regulated business banking services alongside lending for Nigerian SMEs. (The getprospa.com website itself could not be validated from the provided scrape due to a browser verification page.)
Prospa Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataRecent Reviews for Prospa
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Prospa Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataProspa has raised $3.9M across 3 recorded funding events. The latest was Seed in Sep 2021.
- Total Raised:
- $3.9M
- Latest Round:
- Seed
Prospa Investors & Funding Rounds
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Prospa Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
Latest Prospa News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataJobs at Prospa
| Title | Posted |
|---|---|
| Junior Account Manager | Jul 15, 2026 |
Frequently Asked Questions About Prospa
Prospa is a digital business banking platform that offers fast account opening, transfers, sub-accounts, transaction categorization, and tools like budgeting and webstore for small businesses. It works by providing a free account setup with monthly allowances of ₦100,000 free inflows and outflows, low fees beyond that, unlimited sub-accounts, and integrations with apps like Quickbooks and Zapier.
Account opening is free with no minimum balance. Members get ₦100,000 free monthly inflows and outflows; beyond that, maintenance fees are ₦3,000 for inflows up to ₦500,000, ₦5,000 up to ₦5 million, and ₦0.85 per ₦1,000 over ₦5 million, with transfers at ₦0.85 kobo per ₦1,000. Upgrade plans for premium features like higher limits and API access are available in-app; POS is 0.5% per transaction, virtual cards ₦1,000.
Sign up online at getprospa.com with no paperwork or fees; the process takes 5 minutes.
Yes, Prospa is available on iOS and Android. You can download Prospa on the App Store for iPhone, or get it on Google Play for Android.
Prospa is best suited for small business owners and entrepreneurs needing cost-effective banking, transfers, expense tracking, and tools like sub-accounts and budgeting.
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