Pioneer Credit IPO

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.