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Moola has estimated shortfall of $9.4m, loan book sale underway

Staff who worked for failed Moola and nine other related entities in liquidation were made redundant three weeks ago.

Payday lender Moola is in liquidation.

The failed controversial payday lender Moola has a shortfall of $9.4 million, the first liquidators report shows.

Liquidators Steven Khov and Kieran Jones were appointed to wind down Moola and nine other associated businesses on December 5.

It follows after its parent company, NZ Fintech Group

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Moola has estimated shortfall of $9.4m, loan book sale underway
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