Loans and defaults for ‘open minded’ lender

Australia-based Bizcap is surprised at the level of New Zealand growth in a short time. Chief revenue officer Rebecca del Rio says the second-tier lender has always underestimated its rate of growth. “We’ve only just scratched the surface."

“In reality there are a lot of small to medium businesses (SMEs) in both countries and underserviced owners in the $20 billion industry.”

SMEs account for more than 97% of all New Zealand businesses, employ 29% of workers and generate 28% of GDP according to MBIE.

Del Rio says Bizcap didn't think it would get its business established so fast. “We're doing everything in our power to try and scale in a sustainable, cost effective and responsible way.”