• My account
NZ Autocar
Subscribe

No products in the cart.

No Result
View All Result
  • Home
  • News
    • Industry
  • Reviews
  • Electric
  • Utes | Vans
  • Bikes
  • Classics
  • Motorsport
  • Brands
  • Prices
    • New Car Prices
    • New Bike Prices
  • My account
NZ Autocar
SUBSCRIBE
No Result
View All Result
Home Main Categories Industry

MTF Finance acquires fintech company the Lending People

Words: Harrison Wade

by Harrison Wade
January 26, 2023
Chris Lamers and Adam Chisnall celebrate MTF Finance's acquisition of the Lending People

MTF Finance has today announced it will boost its consumer offering following the organisation’s acquisition of fintech online brokerage, the Lending People.

The Lending People was founded in 2012 and is a technology-driven specialist who makes online borrowing as it seamless as possible for consumers.

For MTF Finance, this acquisition is part of a strategic digital transformation to provide customers with the ultimate lending experience across all channels.

“The acquisition is part of the long-term strategy of MTF Finance to broaden its reach into new channels and markets while supporting and growing existing channels,” says Board Chair Mark Darrow.

He added that the Lending People operates digitally and is a key addition to enhancing MTF Finance’s portfolio while its technology and performance marketing platform will grow the core MTF Finance business as well.

Chief Executive Officer of MTF Finance, Chris Lamers, said that he believes the deal will help make lending about people again .

“Kiwis know us for providing exceptional service, and with more people looking online to borrow, we want to ensure that we are there for them to uphold our service standard, no matter how they engage with us.”

“The Lending People offers significant potential to grow MTF Finance’s revenue and volume, while offering a ready-made solution to transforming our digital product offer and our technology platform.”

MTF Finance plans to purchase all shares in the Lending People, which will transfer to MTF Finance in February once it fulfils all sales and purchase conditions. It did not disclose the purchase price of the Lending People.

The Lending People will continue to operate as a stand-alone business with Adam Chisnall in the CEO role, reporting to CEO Chris Lamers of MTF Finance.

Previous Post

Porsche Vision 357 is a modern interpretation of the 356

Next Post

GWM Tank 300 hybrid a starter for NZ?

NZ Autocar is New Zealand’s leading automotive magazine. Delivering news reviews from the automotive world, including commentary from leading automotive writers and covers the scope of motoring including new cars, classic cars, EVs and motorbikes.

Our team

Managing Editor: Richard Edwards
General Manager: Gavin Shaw
Editor: Kyle Cassidy
Senior Editor: Peter Louisson
Creative Director: Alex Schultz

To Subscribe

Subscribe

Contact Us

Advertising:
Gavin Shaw
[email protected]
.
Editorial:
Kyle Cassidy
[email protected]
.
NZ Autocar
PO Box 18121
Glen Innes
Auckland 1743
New Zealand

Categories

Useful Links

Home
News
Motorsport
Search Manufacturer
Search reviews
New Car Prices
New Bike Prices
Industry
Commercial
Subscriptions
Competitions
Contact Us
Advertising
Terms and Conditions

2025 © AUTOCAR 2024 LIMITED. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • News
    • Industry
  • Reviews
  • Electric
  • Utes | Vans
  • Bikes
  • Classics
  • Motorsport
  • Brands
  • Prices
    • New Car Prices
    • New Bike Prices
  • My account

2025 © AUTOCAR 2024 LIMITED. ALL RIGHTS RESERVED.