SME lender expands into NZ market

by Madison Utley13 Mar 2019

An Australian SME lender has appointed a seasoned general manager to head its recent expansion to New Zealand.

Prospa announced that Adrienne Church will manage local operations and help establish the lender’s presence in the new market, using Auckland as a base.

The new GM said, “There is an enormous opportunity for Prospa to transform the way small business owners in New Zealand experience finance and I’m excited to be part of this. I’ve been blown away by Prospa’s technology, culture, and commitment to delivering amazing customer experiences. I’m really looking forward to this next chapter of my career.”

Originations reached NZ$1m in the first 30 days Prospa was live in New Zealand. The lender recently signed with the NZFSG panel, and boasts a TrustScore of 9.8 in the new market.

In New Zealand as in Australia, Prospa offers business loans between $5,000-$150,000 with no asset security required to access up to $100,000. The loan terms range from three to 24 months and come with “cash flow friendly repayments.”

Church has over 18 years of experience in the financial sector. Most recently, she served as GM of mortgages for the New Zealand arm of Resimac. She was integral in launching and growing the Australian home loan lender’s New Zealand expansion, so she is in familiar territory in her new role at Prospa.

“We are thrilled to have Adrienne leading our New Zealand operations. Adrienne’s wealth of experience, market knowledge, and passion for supporting small business make her the clear choice to head up our team here,” said Beau Bertoli, co-founder and joint CEO of Prospa.

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