Prospa bounces back from first lockdown

New Zealand originations were at A$78.2 million, significant growth of 77% compared to FY20.

Originations were driven up due to the increase in registered partners across New Zealand.

In New Zealand the average loan size has risen 29% to $31,000 and the average term is a touch over 15 months, in the year to June 30. The term is on par with Australia, and the average loan size is $6,000 less in New Zealand compared to Australia.

New Zealand makes up 15% of Prospa's lending book.