Vestee

Vestee: mortgage lending between investors and borrowers in New Zealand

Vestee is a New Zealand peer-to-peer lending platform that connects investors with borrowers. Its business consists of facilitating the funding of loans to creditworthy borrowers, offering investors alternative investment opportunities backed by mortgage security. The entity operates under a peer-to-peer lending licence (FSP393946) from New Zealand's Financial Markets Authority (FMA) and is a registered member of Financial Services Complaints Limited (ID 5580).

Investment model and security

The firm presents itself as one of New Zealand's leading non-bank lenders. Its stated objective is to generate high-yielding alternative investment opportunities by funding high-quality loans to borrowers with proven creditworthiness. Investments are secured by a first mortgage over residential or commercial property, an approach that, according to the company, reduces risk without eliminating it entirely. Investor returns range between 6% and 8% per annum and are paid monthly over the term of the loan.

The platform allows investment from $1,000 up to the full amount of the loan. The process is structured in four steps: registration, reviewing active investments, investing and earning interest. There is also a secondary market for buying and selling holdings.

What the funding is used for

Vestee funds transactions linked to the property and business sectors. Among the uses it details are the purchase or refinancing of properties, renovations, bridging loans, construction and development, both residential and commercial, as well as cash flow and working capital finance for businesses.

Activity and track record

The company was founded in 2014 and its team has more than 200 years of combined experience in credit, property and investment management. The platform reports more than $250 million in loans funded and an average investor return of 7.50% per annum. Its journey includes milestones such as the launch of LendMe New Zealand in 2015, its transformation into Zagga in 2017, the launch of Zagga Australia that same year, the launch of the Zagga Feeder Fund in 2018, the first peer-to-peer factoring fund in 2019 and the Zagga Wealth Fund in 2021. That same year it reached $70 million funded through the platform, launched the secondary market and surpassed an originated portfolio of $500 million. In 2026 the company changed its name to Vestee.

Examples of published transactions

The catalogue showed transactions that were already fully funded, including a commercial one in Wairoa with an investor return of 8.3% and a loan amount of $1,390,000; another commercial one in Kaiti, Gisborne, with 8.5% and $2,000,000; and a residential one in Te Awamutu, Waikato, with 7.2% and $552,000.

Investor profile and warnings

The platform is aimed at investors seeking returns above bank deposits while maintaining a reasonable risk profile, as well as those who prioritise the risk-return relationship in large lump-sum investments. The company warns that past performance is not a guarantee of future outcomes and that registered first mortgage security minimises, but does not eliminate, investment risk. It recommends reading the Product Disclosure Statement before committing funds.

Location and contact

c/o K3/83 Albert Street, Auckland CBD, Auckland 1010, New Zealand · Phone: 0800 286 286