Nectar – Emerging New Zealand fintech

Client Overview

Founded in 2016 by Symon Nausbaum, Nectar is a digital lending company based in Auckland, New Zealand. Their real-time credit decision technology provides potential borrowers with a simple and straightforward personal loan quote in minutes.

They provide personal loans of up to $30,000 to New Zealand borrowers and in 2021 launched a new product.

In the early days Nectar funded itself through High-Net-Worth investors before establishing a facility with a Hong Kong based hedge fund in 2019. They have also successfully raised over $8 million in equity prior to establishing a facility with GCI in 2021.

“Unlike traditional facilities where funding lines are for a specific amount, GCI’s funding is open-ended, and the facility increases as we draw down more funding.

This strategic partnership with GCI enables us to grow to the point we can secure a wholesale bank facility and is an endorsement of our model and potential.”

Symon Nausbaum, CEO, Nectar NZ Limited

Client Commentary

Nectar’s management team has extensive experience with consumer credit in the New Zealand market. Symon has experience working within a large consumer lending business, and the Head of Operations has experience working in several non-bank credit departments.

In 2021, Nectar’s management team was looking to secure a facility that will allow them to fund their ongoing growth ambitions and scale their business to a point where they can access capital markets or a wholesale bank facility.


In March 2021, GCI provided Nectar with a facility that was designed to support their rapid growth in originating personal loans and helped launch a new product. The facility was also structured with a demarcated security pool that allowed Nectar to maintain existing funding arrangements.

The Facility was initially drawn to $3m and, as of November 2022, is drawn to $18m, with significant additional headroom to continue to support Nectar’s growth.

Providing Value Added Credit

This flexible funding structure has allowed Nectar to grow their business and GCI is now Nectar’s primary funding vehicle.

Their growth has also allowed Nectar to amend their facility with us, we have extended their loan term and are working with them to allow a mezzanine funder to enter our funding vehicle.

We provide more than just funding, we provide
Value Added Credit

The case studies below outline how we work with our borrower clients to understand their specific requirements and provide flexible funding structures that enable them to continue to grow.