Mortgage Business
New digital mortgage lender officially launches By Annie Kane 30 June 2021
A digital mortgage lender, Nano, has officially launched, dropping its variable rates for all new and existing owner-occupiers and investors looking to refinance.
Earlier this year, the fintech lender Nano had been in soft launch phase, after rebranding from its previous name of Verteva.
After securing $33 million in Series A funding from NZ-based Bolton Equities in April 2020, the lender secured an Australian Credit Licence in July 2020 before soft-launching to friends and family in December 2020.
It then started allowing customers to sign up to get priority access to refinance in Australia from April 2021, and has so far approved approximately $30 million worth of refinancing loans.
Northland s Kamo Wildlife Sanctuary to limit visitor numbers in reopening
8 Jan, 2021 04:00 PM
3 minutes to read
Reopening of the Kamo Wildlife Sanctuary is not too far away and people are being urged to book online when ticket sales start. Photo / Kamo Wildlife Sanctuary
Imran Ali is a reporter for the Northern Advocateimran.ali@nzme.co.nznorthernadvocat
Reopening week for the popular Kamo Wildlife Sanctuary in Whangārei, which houses lions and other big cats, is just around the corner.
Remedial work is nearly complete and park owners Bolton Equities are waiting for the final sign-off from the Ministry of Primary Industries (MPI), which ordered the once-popular tourist drawcard to close in mid-2014.
Nano pimps the redraw
Start-up lender Nano hopes to attract the attention of borrowers in an intensely competitive mortgage market with a fully-featured redraw that will provide “a full bank replacement”.
Looking more like a transaction account, the Nano redraw will come with a Visa card, Apple Pay and Google Pay. Transactions will be unlimited and borrowers will be able to set up different redraw sub-accounts for different savings purposes.
Nano raised A$33 million in a Series A capital raising in May, funded entirely by New Zealand investor Bolton Equities, and plans to have its loans in the market in the first quarter next year. Ongoing lending will be funded through warehouse facilities.