Australian fintech Prospa has partnered with Qantas Business Rewards, letting eligible SMEs earn up to 500,000 points per loan.
What’s happening: Australian fintech lender Prospa has partnered with Qantas Business Rewards to allow eligible small and medium business owners to earn up to 500,000 Qantas Points per loan when taking out a Prospa Small Business Loan or Business Loan Plus. The offer is available now to eligible customers.
Why this matters: Rewards on business lending is uncommon in the non-bank SME space.
Australian small business lender Prospa has announced a partnership with Qantas Business Rewards, giving eligible borrowers the opportunity to earn Qantas Points on business loans. Eligible small and medium business owners can earn up to 500,000 Qantas Points per loan when they take out a Prospa Small Business Loan or Business Loan Plus.
Points earned through the program can be redeemed through Qantas Business Rewards for business travel, accommodation and other costs, offering a practical offset for owners managing tight operating budgets.
Beau Bertoli, Co-founder and Chief Revenue Officer at Prospa, framed the partnership as recognition of how hard small business owners work. “This partnership recognises that effort in a way that genuinely matters,” he said. “By pairing funding with Qantas Points, we’re adding tangible benefits to everyday business progress.”
Why rewards on lending is new ground
Rewards programs are not new to small business. Prospa’s own research found that 61% of Australian SMEs already collect business loyalty points or rewards, and 43% have redeemed loyalty points in the past 12 months. But pairing those rewards directly with business lending, rather than card spend or travel, is a different move.
Bertoli described it as a first in the non-bank SME lending space. “Brokers can now offer clients funding that not only helps them grow but also rewards them along the way,” he said.
For business owners already members of Qantas Business Rewards, which has more than 665,000 members across Australia, the integration sits within an existing program rather than requiring something new to set up.
The partnership is not limited to points on loans. Prospa has flagged that business owners will soon also be able to pay any bill through Prospa’s payments platform as part of the expanded arrangement. For more information, visit the link here.
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