What is the difference between Fundtap and Prospa?

Prospa offers unsecured business loans with fixed repayments and interest rates. Fundtap offers invoice finance — you access money from invoices you've already raised, with one flat fee and no fixed repayments.

Is Prospa cheaper than Fundtap?

Prospa charges interest rates (typically 9.9-26.9% per annum). Fundtap charges one flat fee per invoice. For short-term invoice timing gaps, Fundtap is typically more cost-effective.

Can Fundtap replace a Prospa loan?

If your need is to bridge the gap between raising an invoice and getting paid, Fundtap is a better fit than a Prospa loan. If you need capital for growth or assets not tied to invoices, a loan may be more appropriate.

Fundtap vs Prospa: invoice finance vs business loan

Prospa is one of Australasia’s most popular small business lenders. Fundtap is an invoice finance platform. They solve different problems — here’s how to choose.

⭐⭐⭐⭐⭐ 4.9 stars · 240+ reviews on Google • 54% average revenue growth for Fundtap customers

Feature	Fundtap	Prospa
What it is	Invoice finance (access money you've earned)	Unsecured business loan
Repayment	Auto when customer pays invoice	Fixed daily/weekly instalments
Cost	One flat fee per invoice	Interest rate 9.9-26.9% p.a. typical
Effect on balance sheet	No new debt	Loan liability
Requires B2B invoices?	Yes	No
Approval speed	Hours	Hours to days
Lock-in	None	Fixed loan term
NZ & Australia	Both	Both

The honest comparison

If you have outstanding B2B invoices and the timing gap is your problem, Fundtap will almost always be cheaper and simpler than a Prospa loan. If you need capital for something not tied to invoices (equipment, marketing, stock), Prospa is worth considering alongside other loan options.

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Competitor information is based on publicly available data and may change. This page is for general information only and is not financial advice. Contact providers directly to confirm current terms.

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