Squirrel's Bolton launches P2P lending site, taking swipe at 'bank-owned rivals'

Mon, 02 Nov 2015

By Sophie Boot Nov. 2 (BusinessDesk) - Squirrel Money, the peer-to-peer lender owned by former Australia & New Zealand Banking Group executive John Bolton, has opened for business, taking a swipe at 'inauthentic, bank-owned rivals'. Squirrel, which gained its Financial Markets Authority licence in August, offers secured and unsecured personal loans of between $3,000 and $70,000. Managing director and owner Bolton said it was the first "authentic" peer-to-peer lending service in New Zealand because it didn't source its funds from banks....

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