One of Australia's leading financial technology companies, Prospa, has recently completed a A$60 million debt and equity fund raising. The debt was provided by way of a A$50 million warehouse securitisation investment by The Carlyle Group. The capital injection was provided by a consortium, including The Carlyle Group and Ironbridge Capital.

Finance partner Jennifer Schlosser led the team advising The Carlyle Group, and Corporate partner David Stammers led the team advising Ironbridge Capital and the other equity investors.

The transaction is a standout in the Australian market as it is the first securitisation deal in Australia of unsecured, online SME business loans and part of a growing trend in the extension of securitisation financing to new asset classes. The participation of US-based The Carlyle Group reflects the vibrancy of Australia's growing financial technology sector and highlights a trend for new market participants with significant offshore presence entering the domestic market.