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Wednesday, 14 April 2021, 11:27 am Nectar, the New Zealand-owned digital lending platform, has secured strategic funding from specialist fixed-income and credit investment manager Global Credit Investments (GCI). The first ranking debt security will enable Nectar’s personal loan book and new retail finance product NectarPay to expand as consumers rapidly adopt digital borrowing options within New Zealand’s $10.8B personal loan market. Unlike traditional facilities where funding lines are for a specific amount, GCI’s funding is open ended and the facility increases as Nectar draws down more funding. This extra liquidity will support Nectar’s growth until it can access capital markets. Nectar retains ....