Regulatory · BNPL · 2022

Moola parent company enters receivership following regulatory pressure

NZ Fintech Group Holdings issued Receivership and liquidation affecting Partners For Growth V LP on December 5, 2022.

Primary
NZ Fintech Group Holdings
Counterparty
Partners For Growth V LP
Structure
Receivership and liquidation
Date
December 5, 2022
Sub-sector
BNPL

BNPL lender and short-term loan provider enters receivership amid regulatory enforcement and unregulated competitor pressure in New Zealand market.

Primary company
NZ Fintech Group Holdings
Amount
Not disclosed
Event date
December 5, 2022
Sub-sector
BNPL
HQ
Not disclosed
Structure
Receivership and liquidation
Source published
December 6, 2022
Publisher
Newstalk ZB

Source: newstalkzb.co.nz