Image: NZ HeraldNZ Fintech Group Holdings, the ultimate owner of online lender Moola.co.nz has gone into receivership with all its subsidiaries placed into the hands of liquidators. Christchurch-based NZ Fintech Group Holdings is owned by Edward Recordon. The situation will not affect current customers and loans will be serviced and managed as per usual.”The holding company is the parent of NZ Fintech Group and NZ Fintech Solutions which are also in receivership. NZ Fintech Group owns six further companies including Moola.co.nz, all of which have gone into liquidation. NZ Fintech was founded in 2013 with the aim of disrupting the non-bank personal finance sector through cloud-based digital-first solutions.
