Prospa announces new CFO

Specialist small business lender Prospa has announced the appointment of Ross Aucutt as its new Chief Financial Officer.

Aucutt joins Prospa from FlexiGroup, where he was CFO for almost four years and was responsible for “significantly increasing the efficiency of the business and balance sheet,” as well as driving growth and building up a strong finance team. He has experience of management, financial planning and analysis, along with capital management, treasury and M&A.

Before joining FlexiGroup, Aucutt was group treasurer at Latitude Financial Services, where he was responsible for the group’s funding, cash management, cash reporting and operations.

He has also worked with a range of domestic and international companies including the Royal Bank of Scotland, NatWest Group and Barclays in London, and Westpac in Sydney.

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Aucutt will replace Prospa’s interim CFO Peter Loosmore, who has been in the role since January 2020. He will officially take on the role from 7 October 2020, with Loosmore staying for a short period to ensure a smooth transition.

Commenting on the appointment, Prospa CEO Greg Moshal said Aucutt’s experience would prove “invaluable” to Prospa’s growth.

“I’m thrilled with the appointment of Ross as our CFO,” Moshal said.

“His financial and public market experience will prove invaluable to us as we look to ensure we are well positioned for the future. Ross has deep industry experience of listed lending businesses and a track record of delivering strong results. His passion for fintech and his skills and experience will add considerable value to the Prospa team.”

Aucutt said he was excited to be joining a “dynamic” company such as Prospa, which was “redefining the small business lending market.”

“With small businesses needing support now more than ever, Prospa’s funding and cashflow solutions will help these businesses as they focus on their recovery,” he said. “I can’t wait to join Greg and the team.”