FMA licenses Lending Crowd as NZ's fourth peer-to-peer lender

Sun, 11 Oct 2015

By Suze Metherell Oct. 12 (BusinessDesk) - The Financial Markets Authority has licensed New Zealand's fourth peer-to-peer lender, Lending Crowd, which plans to offer small-to-medium sized enterprises business loans of up to $200,000. The Auckland-based business will launch its online platform, which matches borrowers with lenders, later this year, it said in a statement. As well as business finance it also plans to offer vehicle and personal loans. Pending success in New Zealand it will launch across Australia, with trademarks already sec...

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