What newbie non-bank lender Runway plans to do with Lock Finance
The specialist in invoice and receivables finance has been acquired by a company backed by Marko Bogoievski and Jonathan Reid.
Around 97% of businesses in New Zealand are small to medium-sized enterprises.
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Newly launched non-bank lender Runway has acquired former ASB Bank subsidiary Lock Finance, with the aim of expanding its lending book to “several hundred million dollars”.
Auckland-based Runway is majority-owned by former Infratil and Morrisons CEO Marko Bogoievski, with VMG Capital founders
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