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We're On HoldLendit is currently unable to offer peer-to-peer lending services, after our launch we were issued a cease and desist order from the Securities Commission. The early loans have now been completed - the whole process worked as designed and we were very happy with the performance of the Lendit platform. The securities market in New Zealand is very sensitive and the associated legislation is being reviewed. We anticipate that new legislation will enable services like peer-to-peer lending to be licenced. This should happen in the near future. If you wish to be kept up to date on how things are developing with Lendit please enter your name and email address below. |