P2P lender launches funding for divorce suits

Tue, 10 Mar 2020

Peer-to-peer lender Zagga has moved into litigation loans to help those who would not otherwise be able to fund a family law case. Zagga, formerly known as LendMe, has had more than 1,000 retail investors fund 150 loans worth more than $33 million in New Zealand and $240 million in Australia.It now has its eye on relationship property and estate disputes. Last month it issued its first loan for a claimant to get what she believes she is entitled to under separation laws. Investors put in at least $50,000 each for the $600,000 two-year...

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