Regulatory · BNPL · 2022

Moola parent company enters receivership following regulatory pressures

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

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

BNPL lender's parent enters receivership after failed equity deal and regulatory compliance issues including prior Commerce Commission settlement.

Primary company
NZ Fintech Group Holdings
Amount
Event date
December 5, 2022
Sub-sector
BNPL
HQ
Structure
Receivership appointment
Source published
December 6, 2022
Publisher
Newstalk ZB

Source: newstalkzb.co.nz