Pioneer Credit had a successful debut on the ASX in May 2014, raising $40M and becoming the largest WA based IPO in the previous 20 months. The IPO was the culmination of a successful 4-year investment in the business by Banksia Capital.
Pioneer is an Australian financial services provider, specialising in acquiring and servicing unsecured retail debt portfolios (credit cards and personal loans). Banksia’s original investment of $3M coupled with 2 additional follow-on investments ($2M and $3M respectively) supported the rapid growth of the business and helped Pioneer achieve its IPO and $40M raising.
Banksia has published a case study profiling its investment in the business. Please feel free to download it here.
Banksia has published a case study profiling its investment in the business. Please feel free to download it here.
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