FINANCE

New Zealand Online Loan Company Nectar Completes Funding Deal with Silver Horn Group

Friday 29 November 2019, 5:29PM
By Beckie Wright
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Nectar, a New Zealand owned and operated personal loan company with a 100% online application process, is proud to announce they have completed a significant funding agreement with owner-managed, multi-asset investment firm Silverhorn Group. This marks a significant development for Nectar, as they have become Silverhorn Group’s first New Zealand investment. The competitive funding Nectar can access through the funding deal will allow Nectar to expand their influence in New Zealand. They hope to preserve the technological edge they’ve earned through their streamlined online loan application process, while releasing two new Fintech products in New Zealand in 2020.

An individual and institutional investor and asset allocator, Silverhorn Group is dedicated to bridging the Asia and Europe markets through intelligent commercial investments. Silverhorn funds a range of leading Fintech lending platforms in Southeast Asia and have now partnered with Nectar to extend their reach into the New Zealand financial market.

Silverhorn decided to commit to the funding agreement after due diligence with their investment research and a compelling site visit to New Zealand. Silverhorn were impressed with Nectar’s technologies, proprietary risk management platforms, and exceptional customer feedback. They hope to soon provide up to 50% of Nectar’s funding requirements, offering over $1 million in monthly funding, helping Nectar maintain their ambitious [TBD] month-on-month growth rate.

Nectar has separated itself from other New Zealand lenders with their high ethical standards and commitment to innovation in the field of borrowing technology. Their 100% online application process can produce application approval in as little as seven minutes, and many borrowers receive their finds in their bank account the day they apply. Nectar has also introduced technology allowing users to check their credit scores via Nectar’s helpful Facebook Messenger channel.

The Nectar team looks forward to a long and fruitful relationship with Silverhorn Group.

For more information regarding Nectar’s online loan application process, click here: https://nectar.co.nz/ .