Vega Mortgages

What Vega Mortgages does

Vega Mortgages operates a full-service financial advisory brokerage in New Zealand, delivering residential mortgage broking, commercial and business lending, insurance, asset finance, KiwiSaver advisory, and FX services through a nationwide network of qualified advisers. The company is organized under Vega Group Holdings Limited with subsidiaries spanning each product vertical: Vega Mortgages for home lending (first home buyers, refinancing, investment property, new builds), Vega Protect for life, trauma, health, income protection, and business insurance, Vega Wealth for wealth management, Vega Business for commercial loans, development finance, and cashflow solutions, and Vega Auto & Personal for vehicle and personal lending. Advisers operate across more than 14 New Zealand regions, matching clients to a network of 26 lending institutions that include major banks, non-bank lenders, and specialist financiers, supplemented by integrated partners such as Bayleys (property development), FundTap (invoice finance), eGuarantee (digital lease bonds), and XE Money Transfer (FX). The business model is commission-based across all core streams (mortgage, insurance, business finance), with advisers paid by lenders/insurers rather than via direct customer fees; the Vega Earna referral app introduces an affiliate layer that pays referrers 20% of broker commission through a Visa prepaid card issued by iGo Direct. The company is privately held, founder-led by Managing Director Harry Ferreira (17 years of senior banking experience), operates as a licensed Financial Advice Provider (FSP773794), and has scaled to 101-250 employees without disclosed external funding or acquisitions.

Name

Vega Mortgages

Legal name

Vega Group Holdings Limited

Website

https://vegalend.co.nz

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Vega Mortgages is a New Zealand-based full-service financial advisory brokerage providing residential mortgages, commercial lending, insurance, asset finance, KiwiSaver advisory, and FX services through a nationwide adviser network across 14+ regions and integrated lender partnerships.

Ownership category

akta.pro rank

Product category

Mortgage Broking Services

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163)

akta.pro primary industry

Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)

akta.pro secondary industries

Commercial Mortgage Brokerage (FSAEAEAB), Retail Residential Mortgage Brokers (Purchase & Refinance) (FSALABAA)

Keywords

• Mortgage broking services
• Financial advisory services
• Commercial lending brokerage
• Insurance broking
• Business finance advisory

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mortgage Broking: Commission-based mortgage advisory services for residential and commercial property purchases, refinancing, and investment properties.
2. Insurance Broking: Life, trauma, health, income protection, and business interruption insurance advisory services.
3. Business Finance Broking: Commercial loans, asset finance, cashflow solutions (invoice finance, working capital, trade finance) for SMEs.
4. Vega Earna Referral Program: Rewards program where referrers earn 20% of broker commission, paid monthly to Vega Visa prepaid card.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Vega Mortgages is a full-service financial advisory brokerage based in Auckland, New Zealand, that connects individual consumers and businesses with 26 lending institutions for residential mortgages, commercial property loans, asset finance, business lending, KiwiSaver advisory, and personal and business insurance products. The company operates through a nationwide network of qualified financial advisers who provide tailored financing solutions across first home purchases, refinancing, investment properties, development finance, and SME cash flow needs. Revenue is primarily earned through commissions paid by lenders and insurers on arranged facilities.

Product overview

Vega Mortgages operates as a full-service financial advisory brokerage in New Zealand, offering a comprehensive suite of mortgage, insurance, and business finance products through multiple integrated divisions. The core offering centers on Vega Mortgages for residential home loan broking (first home buyers, refinancing, investment properties), supported by Vega Protect for insurance products (life, trauma, health, income protection, business insurance) and a Business Finance division covering commercial property loans, development finance, asset finance (plant, equipment, vehicles, aviation), and cash flow solutions (invoice finance, working capital, trade finance). Additional services include KiwiSaver advisory, FX currency exchange, and the Vega Earna referral app. The company works with 26 lending institutions to provide tailored solutions across personal, business, and commercial segments.

Differentiator

Problem solved

Functional benefit

Brands

• Vega Protect: Insurance products including life insurance, trauma cover, health insurance, income protection, business interruption, and key man insurance.
• Vega Earna

Products and services

• Vega Mortgages (Residential Mortgage Broking) Registered mortgage broking service providing expert advice and personalised solutions for residential mortgages, including first home buyers, refinancing, investment properties, and new builds in New Zealand.
• Vega Protect (Insurance Broking) Insurance division offering personal insurance products including life insurance, trauma cover, health insurance, income protection insurance, and business insurance products such as business interruption and key man insurance.
• Business Loans Short- and long-term lending solutions for businesses including tailored business term loans, supporting expansion, equipment purchases, and major business acquisitions.
• Commercial Property Loans Financing for commercial real estate including offices, warehouses, and retail spaces, with owner-occupied loans requiring little or no deposit and investment property loans typically requiring 35-60% deposit.
• Property Development Finance Short-term development funding (typically up to 3 years) for commercial or residential projects including new homes, subdivisions, and commercial builds, secured against land or property.
• Plant and Equipment Finance Asset finance solutions for acquiring new or used equipment including construction machinery, manufacturing equipment, and specialised tools, with flexible repayment schedules matching cash flow.
• Commercial Vehicle Finance Fleet finance solutions for commercial vehicles across industries including transport, construction, and equipment hire, with competitive rates and flexible loan terms.
• Aviation Finance Tailored finance solutions for private, commercial, and charter aviation operators covering aircraft purchases, upgrades, refinancing, and maintenance funding for helicopters, planes, and drones.
• Invoice Finance Cash flow solution allowing businesses to borrow against unpaid customer invoices, improving liquidity without waiting for payments to come in, integrated with FundTap.
• Working Capital Loans Day-to-day business financing covering payroll, inventory, operations, and marketing expenses to bridge cash flow gaps during seasonal fluctuations or growth periods.
• Trade Finance Domestic and international trade finance options managing timing gaps between payments and deliveries for importers and exporters, freeing up capital during goods transit.
• KiwiSaver Advisory Advisory service helping clients understand and use KiwiSaver for first home purchases, including withdrawal processes, eligibility criteria, and integration with other first-home financing options.
• Vega Auto & Personal Loans Vehicle and personal loan financing service operated via a separate domain (vegaauto.co.nz), offering car, boat, caravan, and motorcycle loans with flexible repayment options.
• FX Currency Exchange Foreign exchange services providing optimal exchange rates for personal and business currency transactions, integrated with XE.com for international money transfers.
• Vega Earna Referral Program Referral program mobile application enabling users to refer prospective clients to Vega-registered brokers for financial services, with rewards paid as 20% of broker commission via Vega Visa prepaid card.

Quantifiable outcome

• Vega has helped hundreds of buyers navigate KiwiSaver for first home purchases

Named customers2 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• BayleyscoreStrategic or Co-development PartnerVega works as part of the Bayleys team to deliver end-to-end property development solutions. This includes helping clients find development sites (Bayleys), funding developers into sites (Vega Commercial), advising on suitable projects and securing presales (Bayleys), funding developments (Vega Commercial), and securing mortgage funding for end product purchasers (Vega Mortgages). The partnership also includes ancillary services such as insurance (Vega Protect) and property management (Bayleys).
• FundTapminorChannel Partner/ Reseller/ DistributorFundTap provides invoice financing tools that Vega offers to business clients needing cash flow solutions. FundTap offers 'Growth Finance' that helps small businesses access funds quickly. The partnership allows Vega to provide alternative cash flow funding options beyond traditional bank invoice finance.
• 26 Lending InstitutionscoreChannel Partner/ Reseller/ DistributorVega works with 26 lending institutions including major banks (ANZ, ASB, BNZ, Westpac, Kiwibank, SBS, TSB), non-bank lenders (Avanti Finance, Pepper Money, Prospa, Heartland Bank, Liberty Financial), and specialized lenders (Southern Cross Partners, Cressida Capital, Pallas Capital, Xceda Finance). This enables advisers to match clients with appropriate financing solutions.
• iGo Direct (Vega Visa prepaid card)minorGTM or Marketing PartneriGo Direct issues the Vega Visa prepaid card used for Vega Earna referral rewards payments. Referrers earn 20% of broker commission credited monthly to their Vega Visa card.
• XE/XE Money TransferminorChannel Partner/ Reseller/ DistributorVega offers FX currency exchange services through XE Money Transfer, enabling clients to access market-leading exchange rates for both personal and business international transactions.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Squirrel Mortgages: New Zealand residential mortgage broker offering adviser-led home loan broking with multi-lender panel access. Directly comparable to Vega Mortgages in core residential brokerage activity, target customer (NZ first home buyers, refinancers, investors), and commission-based revenue model.
• NZ Home Loans: New Zealand-focused mortgage broker and finance company offering home loan advisory with access to bank and non-bank lenders. Directly comparable to Vega on residential lending focus, adviser network, and NZ first-home-buyer orientation.
• Tony Alexander Mortgage & Insurance: New Zealand mortgage and insurance advisory firm offering residential lending and personal insurance broking. Directly comparable to Vega on combined mortgage + insurance advisory, NZ consumer focus, and adviser-led model.
• Mike Pero Mortgages: One of New Zealand's largest established mortgage broker franchises, offering residential and commercial lending advisory across NZ regions. Directly comparable to Vega on business model, multi-lender panel, and nationwide adviser network.
• Mortgage Supply Co: New Zealand mortgage broker providing residential and investment property lending advice. Directly comparable to Vega on multi-lender panel, residential focus, and NZ brokerage operating model.
• Loan Market NZ: NZ branch of the Loan Market group, providing residential and commercial mortgage broking services through a network of advisers. Directly comparable to Vega on adviser-led brokerage, multi-lender access, and commission-driven economics.
• First Mortgage Trust (FMT): NZ non-bank lender and mortgage broker providing residential lending and adviser services. Comparable to Vega on mortgage advisory and broker-led customer acquisition in the NZ market.

Others

• Bayleys Real Estate (broader group): Vega's strategic partner; one of NZ's largest full-service real estate agencies covering residential, commercial, and property management. Adjacent ecosystem participant - not a direct mortgage broker competitor, but a referral and channel partner with overlapping customer base in NZ property.
• Heartland Bank: NZ non-bank lender on Vega's 26-institution panel, providing reverse mortgages, business, and asset finance products. An ecosystem participant and channel partner rather than a direct broker competitor, but represents the type of lender Vega brokers for.

Broad incumbents

• Aussie Home Loans (NZ): Australian-headquartered mortgage broker with NZ operations and a much larger national franchise footprint. Comparable to Vega on broker business model and multi-lender access, but at substantially larger scale and broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vega Mortgages