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Wednesday, 14 April 2021, 11:27 am | Global Credit Investments 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 . More
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
Expanding lender Nectar adds another funder
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