Controversial New Zealand money lender Moola has gone into liquidation.
Receiver Rodewald Consulting has been appointed to NZ Fintech Group Holdings, Moola’s parent company. Multiple subsidiaries, including Moola, were subsequently placed into liquidation.
Insolvency firm Khov Jones was appointed liquidator of the trading entities, Rodewald Consulting director Tom Rodewald told Newshub.
Moola’s website is currently out of order.
An emailed request for comment to the company by Newshub returned an automatic reply saying, “Unfortunately Moola is currently not lending, and is operating at limited capacity”.
Notable controversies surrounding the company included it being found in breach of the Credit Contracts and Consumer Finance Act by…
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