What is Prospa and how does it work?

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.

How much does Prospa cost?

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.

How do I sign up for Prospa?

Sign up online at getprospa.com with no paperwork or fees; the process takes 5 minutes.

Who is Prospa best suited for?

Prospa is best suited for small business owners and entrepreneurs needing cost-effective banking, transfers, expense tracking, and tools like sub-accounts and budgeting.

How do I contact Prospa support?

Contact support at help@getprospa.com.

Does Prospa have a plan for teams or businesses?

Yes, it supports team collaboration for managing payments and features, unlimited businesses from one dashboard, and unlimited sub-accounts.

Breet — Crypto & Stablecoins Payment API for African Businesses

Book a Demo

Promptmonitor — Track, measure, and improve how AI recommends your brand.

Get Started

Prospa: Funding, Reviews & Alternatives (2026) – Liners

Prospa

🇳🇬 Nigeria

A financial services platform that provides business accounts, payments, and lending tools for SMEs, including business loans and lines of credit in supported markets.

Available on:iOSAndroidWeb

Visit 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