NZ FinTech processes 400,000 loans digitally, the 2nd fastest growing business in Deloitte’s fast 50 business awards

“We are laser-focused on building a dynamic business with top-of-mind brands across various financial sectors, vast intellectual property holdings and a diversified loan book portfolio with strong underlying financial performance.

The group are pursuing the goal of establishing a billion-dollar enterprise — firmly placing it as one of the leading digital lenders in New Zealand once realised.

Now is your opportunity to be involved – we are seeking to raise $10m of additional growth capital through a mixture of convertible notes, debt and equity.”

Eddie Recordon, CEO and Founder, NZ Fintech

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Executive Summary

Leveraging design, innovation, and technology to disrupt traditional finance models, the NZ Fintech Group is an award-winning financial leader — driven by an underlying vision to provide everyday Kiwis with easy access to digital finance solutions.

The group’s strategy to disrupt the traditional approach to non-bank finance (a sector worth NZ$6.2b annually) is achieved through targeted brand portfolios, cloud-based digital-first solutions, and the development of scalable bespoke technology platforms.

With a mission statement “To be the top-of-mind digital lender in every market we enter”, the group are pursuing the goal of establishing a billion-dollar enterprise — firmly placing it as one of the leading digital lenders in New Zealand once realised.

A key component of the group’s success story is their award-winning bespoke consumer finance platform. The technology allows huge scalability, advanced onboarding systems and robust lending management; all completely online allowing the fintech to service everyday Kiwis’ demand for digital financial solutions no matter where they are in the country.

Investment Highlights

  • Processed over 400,000 loans to date, all digitally with no physical face-to-face onboarding or drawn-out customer journeys
  • Awarded the 2nd fastest growing company in New Zealand in Deloitte’s Fast 50 business awards making them an award winning financial leader
  • Attractive fixed and secured yields of 12-15% plus option to convert to equity
  • Secured a NZ$20m funding line from Partners for Growth
  • They have an experienced team across technology, marketing, compliance and finance
  • They build scalable disruptive fintech, they design it, they produce it, they own it
  • In 2020, settled NZ$6.5m convertible notes with Australian wholesale investors, to support ongoing product development and initial launch.
  • They create dynamic brands positioned around speed and simplicity in a growing 6.2b market

Investment Offering

The group are now seeking to raise additional growth capital through a mixture of convertible notes, debt and equity.

Convertible Note

  • The convertible note is only available to investors looking to invest over NZ$1m.
  • Offering a preferential coupon yield of 12-15% p.a. paid monthly (or ability to have capitalised and compounded monthly).
  • Terms of 3-5 years with an option to convert at year 2 at an $80m enterprise valuation or leave as a fixed-term coupon at the initial coupon rate.
  • Security by shared First Ranking GSA over NZ Fintech Group Limited and subsidiaries.

Debt Investment

  • The debt investment/term deposit is available for investments under NZ$1m.
  • Offering a preferential coupon yield of 12-15% p.a. paid monthly (or ability to have capitalised and compounded monthly).
  • Terms of 3-5 years.
  • Security by shared First Ranking GSA over NZ Fintech Group Limited and subsidiaries.

Equity

  • Terms to be discussed directly.

Register Interest