FNZ extends controversial catch-up offer

FNZ chief executive Blythe Masters has said the capital raise is necessary. (Image: FNZ)

Wed, 16 Apr 2025

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capital raise of US$1 billion (NZ$1.7b)The shareholders, many of them longstanding FNZ employees in New Zealand, say the deadline for the offer is now extended, but real issues run deeper.“It’s not about having more time,” said one...

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