Specialist lender appoints new CFO

He joins the small business lender from FlexiGroup where he was CFO for almost four years. In that role, he built a high performing finance team and was responsible for driving growth whilst significantly increasing the efficiency of the business and balance sheet, with managment of financial planning and analysis, capital management and treasury as well as merger and acquisitions.

Before this, Aucutt was Group Treasurer at Latitude Financial Services where he built a treasury function and was responsible for all funding, cash management, capital reporting and operations. He has a strong background in non-bank disruptive finance models and the financial markets where he has worked at a senior level in large domestic and international organisations including the Royal Bank of Scotland / NatWest Group (London), Westpac (Sydney) and Barclays (London).

He replaces Peter Loosmore, Prospa’s interim CFO since January 2020.

Prospa Chief Executive Greg Moshal said Aucutt's "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 “I’m excited to be joining such a dynamic company that is 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. I can’t wait to join Greg and the team.”