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BUSINESS

Moola named second-fastest growing company in New Zealand
Friday 10 November 2017, 2:25PM
By stickyTHINKING
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As a FinTech company, Moola uses software technology, design and innovation in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of consumer lending products. Their purpose-built platform has allowed them to drive significant efficiency and complete transparency over the process typically found with a traditional lender.

Having achieved 1013% growth in just three years, Moola has rapidly disrupted the finance industry to become a market leader in New Zealand’s FinTech space. This success has been recognised in the recent Deloitte Fast 50 awards.

Taking place in 32 countries around the world, the Deloitte Fast 50 ranks and celebrates fast growing companies.

Ross Milne, Chairman of Deloitte New Zealand, remarks: “Not only do Fast 50 companies take the New Zealand market by storm, many lead the way, taking Kiwi products and services to the world, boosting our reputation on the international stage while underpinning economic growth at home.”

At the regional celebration event in September, Moola was named winner of the Christchurch and Upper South Island Fastest Growing Technology Company award for 2017. The recent national awards function saw Moola being awarded as the 2nd fastest growing company (having moved from 48th in 2016), and named as the fastest growing technology company in New Zealand.

“Being surrounded by such high caliber entrepreneurs and successful business owners it was an amazingly proud moment to accept the award. Moola is doing what it set out to do, being NZ’s #1 digital lender and this award is just the start.” Says Chief Operations Officer, Erin Foley.

Having also been recognised as a finalist in the recent Champion Canterbury Awards and named 214th in the prestigious Deloitte Asia Pacific Fast 500 in 2016, these recent wins demonstrate the achievement by Moola of creating a highly scalable business that uses technology to advance unsecured loans with integrated responsible lending policies and practices at its core.

“We’re excited about the growth of the business and are continuing to expand our customer reach around NZ,” says Founder and CEO, Edward Recordon. “With new financial product offerings in the pipeline, we’re also currently investigating other industries due to be disrupted alongside plans to expand the business internationally.”

Moola is undertaking a capital raising program in order to achieve these plans through their sub-brand MoolaInvest.co.nz.

Providing substantially higher returns than that of traditional investments, it’s yet another indicator of the strength of this emerging sector that demands the focus from investors of high performing investment opportunities like Moola.






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