Prospa is a group that uses technology to make the operating system for African business owners. The main purpose of the platform is to give your business a current bank account. This bank account comes with features that will help your business grow.
The company is privately owned and was started in 2019 to help Nigerians with their finances. Basically, the organization’s only goal is to help Africans become more financially stable.
What are Prospa’s services?
Basically, Prospa’s services are meant to help you run your business and your finances. Some of these services are:
1. Giving you a bank account number that is in the name of your business
When you register your business, you get a bank account number that is in the name of your business. This keeps you from having to deal with the hassle of going to a regular bank to open a business account.
2. To send and receive money
In general, the business bank account you open works the same way a regular bank account does. You can send money from your account to other Nigerian bank accounts and get money from other bank accounts.
3. Tools for running a business
The platform has a tool for keeping track of expenses that automatically puts your transactions into groups. Also, you get access to a dashboard where you can open and manage all of your business accounts. With this feature, it’s easy to move between your bank accounts.
4. Bills payment
With money from your business account, it’s easy to pay bills. Basically, this feature lets you pay your utility bills without leaving home.
Last but not least, the platform is safe. These features make it easy for you to grow your business and run it well.
What are the requirements to open a business account with Prospa?
To open your business account, you need the following documents:
1. Your BVN
2. CAC registration forms
3. Certificate of Incorporation
4. A government-issued identity card
5. A recent utility bill
7. 2 References
How to open a Prospa account for a business
Prospa is the best digital bank in Nigeria for small and medium-sized businesses. Its services are easy to use and convenient. If you want to open a Prospa account, here is a step-by-step guide:
Give your personal information: You will have to give your name, email address, phone number, and date of birth. Make sure you enter your information correctly so that the process doesn’t take too long.
Give information about your business. Since Prospa is made for small and medium-sized businesses, you will have to give information about your business, like its name, type, and registration number. As a sole proprietor, you can still apply for a Prospa account even if you don’t have a registered business.
Upload your identification documents. To open a Prospa account, you will need to show proof of your identity, such as a valid Nigerian national ID card, driver’s license, or international passport. Make sure you upload clear copies of your IDs so that the application process doesn’t get held up.
Choose the type of account you want. Prospa has two types of accounts: Basic and Premium. The Basic account is free, but it only has a few features. The Premium account has more features and costs money every month. Choose the type of account that works best for your business.
Wait for verification. Once you’ve sent in your application and all the required documents, Prospa will check your details and documents. This can take as long as 48 hours. Once your account has been approved, you will get an email about it.
Start using your account: Once your account has been approved, you can start using your Prospa account to manage your money. You can easily put money in or take money out of your account, pay bills, and manage your account from your phone or computer.
What you can expect from a regular bank:
To open a business account in Australia, applicants usually need to show proof of their identity, like a driver’s license, passport, or utility bill. This is the same as when applying for a passport or going through a police check. The owners will also need to be ready with their ABN.
When opening a business account at a traditional bank, applicants may also have to go through a long process in person. This means that even if they can start the process of setting up a business account online, they may still need to go to a branch to have their identity documents checked.
With a Prospa Business Account, you can expect the following:
Over the past few years, the needs of small businesses have changed a lot. Lending institutions need to change to keep up with the growing demand for digital services over analog ones and for new ways of working over the old ones. No longer do you have to wait in line to open an account. Here, opening a business account is easiest when you do it online.
With a Prospa Business Account, applicants can go through the whole process without having to leave their homes. Eligible applicants can sign up online in minutes – no queues, appointments or branch visits.
Applicants who are qualified only need:
Australian Business Number (ABN) and a valid driver’s license.
To run the business or own it. Benefits of a Prospa Business Account
A Prospa Business Account gives the owner access to a Prospa Visa Business Debit card and lets them start doing business as soon as the account is approved. There are no hidden costs either.
People who have a Prospa Business Account can also:
Stay in charge of their spending: the Prospa Visa Business Debit Card can be used anywhere Visa is accepted, even abroad, and can be linked to Apple Pay or Google Pay.
manage their accounts in a flexible way anywhere: Users have the same great account experience 24/7, whether they use the Prospa App or Prospa Online.
With a Prospa Business Overdraft, if you are approved, you can get extra money quickly. Users who have been approved can get money when they need it, and they only pay interest on the money they use.
Link an existing Prospa loan or Line of Credit to see their cash position in one place right away.
You can easily download or make a summary of up to 12 months’ worth of statements to save time when it’s time to do your taxes.
With BPAY, it’s easy to pay bills, make payments, or schedule payments for the future.
Prospa is always looking for ways to make it easier for small businesses to keep track of their transactions and cash flow. Customers will be told when new features and upgrades are ready, or they can check here to see what’s going on with the Prospa Business Account.
In conclusion, setting up a Prospa account is a simple process that can be done online. By doing these things, you can easily open a Prospa account and start keeping track of your money. Make sure to give correct information and clear copies of your ID documents so that your application doesn’t get held up.
Prospa contact Number
You can contact Prospa via the following ways:
Address: 4b Fatai Idowu Arobieke, Lekki Phase 1, Lagos, Nigeria.
Phone Number: (234) 188 878 81
Email Address: [email protected]