The Australian online lender to small business, Prospa, has secured A$25 million in growth funding from AirTree Ventures. The companies claimed that was the largest fintech venture capital investment in an Australian business. In a media release, Prospa said it would use the funds for: "boosting technology, product expansion and distribution, ramping up talent acquisition and building a world-class brand." Prospa also took the opportunity to observe it had passed the milestone of $250 million in loans, and had made 10,000 loans total loans to small businesses in Australia. Greg Moshal, founder and joint CEO of Prospa, said continued interest from top technology investors like Airtree, and the scale of their investment, recognised the difficulties small businesses have in accessing finance, and would support Prospa in its growth phase. AirTree Ventures managing partner Craig Blair said "Greg and Beau have built a world class team and are obsessing over how to solve customer problems in a better, faster way. They are exactly the kind of founders we want to partner with."  "This is a coming of age of the fintech sector in Australia. Prospa is a real business solving a real problem, winning awards with tremendous customer and market feedback while achieving profitability from the very early days," Blair said. In recent times, Prospa has added a series of "strategic partnerships", with Westpac, Reckon and Mortgage Choice coming on board to offer Prospa's small business loans to their customers.