Our History

Whakatane Spare Parts Warehouse Limited incorporated.
Soon thereafter the Company began providing lending facilities to its customers

The Company changed its name to Asset Finance Limited to reflect its primary asset-backed lending activities.

The Company appointed Covenant Trustee Services Limited as trustee under the Debenture Trust Deed dated 15 March 2004 to issue Secured Debenture Stock (i.e. term deposits) to the public.

The Company successfully managed the risks associated with the Global Financial Crisis, and avoided becoming one of the well-publicised failures of several New Zealand finance companies/institutions.

The Company became registered as a Financial Services Provider (FSP3501), and a member of what is now the Insurance and Savings Ombudsman Scheme

The Company was issued a Non-Bank Deposit Taker licence by the Reserve Bank of New Zealand. Term Deposits offered via our Product Disclosure Statement.

The Company opened its Auckland office, with a core focus on building the Company’s presence in the business finance and property lending sectors.

The ownership structure of the Company was reorganised, whereby a majority of the shareholders transferred their shareholding to a NZ holding company, Xceda Capital Group Limited.

The Company changed its name to Xceda Finance Limited to reflect the transition from a regional asset lending business founded in Whakatane in 1989 into a full-service NZ-wide financial services provider.