Prospa Group Limited's Q3 FY24 update reports a cautious approach with a 7.7% decrease in gross loans and a 7.3% revenue decline year-on-year.
Total originations and active customers showed slight increases, with a focus on managing credit performance and attracting premium-grade customers.
Prospa successfully priced its third public ABS offering, solidifying its funding position, while also investing in technology re-platforming and maintaining a stable portfolio yield.
ASX Code: PGL