New digital lender sharing the love

One lucky Kiwi will soon become the proud owner of $5,000 worth of shares in new 100% digital lender Nectar, simply by helping to spread the word.

Set to open its virtual doors in 2017, Nectar is leading the next wave of digital lending to hit New Zealand shores after peer-to-peer lending arrived in 2014.

“Unlike other borrowing options, Nectar offers a simple, fully-automated online application and approval process that produces a personalised loan offer in just 7 minutes, and offers a same-day transfer of funds,” explains Symon Nausbaum, Nectar’s founder. “We want Kiwis to have a simpler, faster, and more transparent way to get a loan,” he says.

This innovative tech startup has embraced the shift to digital lending that is already occurring worldwide, and is responding to rising consumer demand in New Zealand for a fast and no-fuss approach to borrowing.

“We recognised the need to offer New Zealanders an easy way to look into their personal loan options, receive personalised interest rates, access funds quickly and apply online without feeling uncomfortable,” says Nausbaum.

Nectar uses an advanced, data-driven method for assessing credit, drawing on a wider variety of data sources, to create a personalised 360-degree profile of customers, and thus improving their chances of being able to borrow when compared with other traditional sources.

“We know that everyone’s situation is unique and that people are more than just a credit rating, so at Nectar, we’ve ensured that our loans are flexible and can be personalised to each customer – giving them credit for who they really are,” he says.

In the true spirit of a fully-online company, Nectar is calling on Kiwis to take a look at its unique offering and help spread the word by sharing the upcoming launch with their family and friends on social media and earning a chance to win shares.

“We’ve called it ‘Share for Shares’,” says Nausbaum. “What better way to connect with our community, and offer them a chance to be part of the Nectar family, than online.”

Anyone over the age of 18 years can participate in the Share for Shares opportunity, and the more that people share the better their chances are of winning the $5,000 shareholding. A live Leader-Board allows budding shareholders to track their progress right up until the closing date of 28 February 2017.

“We’re excited to launch this great new company with the chance for one lucky Kiwi to win $5,000 in shares, and look forward to helping many others to keep enjoying life with an easy, fast and transparent digital lending platform,” says Nausbaum.

The ‘Share for Shares’ opportunity can be accessed at www.nectar.co.nz

About Nectar

Nectar provides Kiwis with a simplier, faster, and more transparent way to get a loan. Nectar offers a fully-automated, online application and approval process that produces a personalised loan offer in just 7 minutes, and allows for same-day transfer of funds. Nectar’s loans are unsecured and range in size from $500 to $10,000 – perfect for almost any situation. All transactions with Nectar are paperless and fully online. Nectar was founded by finance industry veteran, Symon Nausbaum, and is launching in early 2017.

About the ‘Share for Shares’ competition

Anyone over the age of 18 years in New Zealand can go in the draw to win a $5,000 shareholding in NZ tech startup Nectar, simply by sharing information about Nectar and the ‘Share for Shares’ competition via social media. The top three people on the Leader-Board will also win cash prizes of $1,000, $500, and $200 respectively. The competition is currently open and runs until 28 February 2017.