Yes. After building a strong presence in the Australian SME market, Prospa launched into New Zealand in March 2019. The challenges for business owners in New Zealand wanting to access finance were similar to those in Australia. In fact, small business loans in New Zealand were previously only available from larger financial institutions, that didn’t seem to offer the products and services that small business owners were looking for. With over half a million small businesses in New Zealand, the opportunities to support the growth and cash flow of this sector were attractive to Prospa. With applications in under 10 minutes and funding possible in as little as 24 hours, the launch of a small business focused lender like Prospa was welcomed with open arms by small businesses and brokers alike.