FNZ Class Action

Past and present employee shareholders of FNZ challenging recent equity decisions. This account consolidates updates on our fight for shareholder justice.

[FNZ Class Action @nzclassaction]

Latest in the turmoil as reported by @business : Blythe Masters is stepping down from CEO at FNZ, with group president Roman Regelman also set to leave his role at the fintech

https://t.co/7qQ0N8JXqn

[FNZ Class Action @nzclassaction]

A big read in this week's @FT examines how recent management decisions at FNZ have left the company in turmoil. FNZ has been beset by heavy losses, regulatory scrutiny and a lawsuit from employee shareholders. In 2024, the board brought in the veteran JPMorgan banker Blythe Masters to oversee a turnaround. The chief executive’s efforts have yet to yield results.

https://t.co/O7Vm5w4Y4t

[FNZ Class Action @nzclassaction]

@FT
examines how recent management decisions at FNZ have left the company in turmoil.

FNZ has been beset by heavy losses, regulatory scrutiny and a lawsuit from employee shareholders. In 2024, the board brought in the veteran JPMorgan banker Blythe Masters to oversee a turnaround.
The chief executive’s efforts have yet to yield results. More here: https://t.co/O7Vm5w4Y4t

[FNZ Class Action @nzclassaction]

From the story: “The cycle of fundraising and cuts has led to internal turmoil. Five group directors left the board in June, while employee shareholders have filed a lawsuit against FNZ claiming that their holdings have been diluted while institutional shareholders have taken control of the company.
Last month, FNZ also announced an overhaul of its board, including appointing a new group chair, the restructuring veteran Stephen Welch, and adding board members from the group’s shareholder base.”

[FNZ Class Action @nzclassaction]

@FT examines how recent management decisions at FNZ have left the company in turmoil.

https://t.co/YCUugE5G5q

[FNZ Class Action @nzclassaction]

La Caisse CEO Charles Emond has told Canada's @globeandmail that FNZ faces "a lot of challenges" and needs to become "more sustainable" and "more mature."

Alongside a series of board changes, Stephen Welch has been appointed Chair. "He's not a chair there for governance. He's really an executive chair..."

https://t.co/uJbvgs5h9f

[FNZ Class Action @nzclassaction]

Roman Regelman managed to make the newspapers in NZ. He was in Wellington celebrating FNZ’s “proud New Zealand roots” — even as he’s involved in a class action alleging management and conflicted directors stripped billions from the very employee‑shareholders who built the company.

https://t.co/BPg5iXaN3E

[FNZ Class Action @nzclassaction]

A group of employee-shareholders in Wellington-born global fintech FNZ are furious that a Creative NZ event centred around NZ fintech success stories, featuring FNZ president Roman Regelman and Wellington mayor Andrew Little, failed to mention the highly publicised class action FNZ is currently facing, which had its first hearing in the NZ High Court just two months ago.

https://t.co/BPg5iXaN3E

[FNZ Class Action @nzclassaction]

In this week's column, The National Business Review asks why a panel touted to be about NZ-born world class tech, which featured a discussion between NZ success story FNZ and @andrewlittle_nz, couldn’t have been fronted by one of FNZ’s Kiwi founding employees. It was instead the US-based group president Roman Regelman who fronted.

Regelman also heads the PE firm Motive Partners, which is an investor in FNZ and is a defendant in a $4.6 billion class action currently before the NZ High Court, which is brought by employee shareholders. People who helped found and grow FNZ from a Wellington start up to a global success story are among those suing FNZ and certain directors, so perhaps that’s why they were absent from the FNZ-initiated event.

https://t.co/AWQeq9eljK

[FNZ Class Action @nzclassaction]

In the latest FNZ news, covered by Investment News in NZ today: More than a third of the FNZ board has departed.

The FNZ director exits come just a month after the company faced opening shots in a legal challenge brought by former and current staff-shareholders in the NZ High Court.

More in Investment News today: https://t.co/m5tAlWUaM5

[FNZ Class Action @nzclassaction]

@CitywireWealth editor @JackGilbert13 this week shared his take on recent FNZ headlines, and what it means for advisors.

“Things have deteriorated”, Gilbert writes, listing the FCA review, repeated equity raises from its private backers, which led to the legal action brought by employee shareholders. Adding fuel to the fire, the company reported losses of $1.4b, and another Citywire story leaked news of upcoming job cuts in the UK and Europe as part of a major cost-cutting plan.

Gilbert says advisers should be taking note, paying careful attention to fees, the rollout of tech features, and of course, the stability of a company that is a custodian for $2.4t of global assets.

https://t.co/OFRmaOBvsV

[FNZ Class Action @nzclassaction]

After posting a $1.4bn loss in 2025, FNZ is embarking on a major cost cutting programme, which will include redundancies, @CitywireWealth reports.

https://t.co/Z6jnKEH3XQ

[FNZ Class Action @nzclassaction]

La Caisse's Major Partner Deep in the Red - a leading story in Canada's @LP_LaPresse today.

La Caisse holds ~44% of FNZ, one of its largest private investments. On top of facing a US $4.6B lawsuit from founders and employees alleging their equity was unfairly diluted by refinancing rounds, FNZ recently posted a net loss of $1.4B USD last year on $1.8B in revenue.

"FNZ still has a long way to go if it hopes to see the light at the end of the tunnel."

Read the full piece here: https://t.co/my6bwj7uvi

[FNZ Class Action @nzclassaction]

La Caisse's Major Partner Deep in the Red - a leading story in Canada's La Presse today.

La Caisse holds ~44% of FNZ, one of its largest private investments. On top of facing a US $4.6B lawsuit from founders and employees alleging their equity was unfairly diluted by refinancing rounds, FNZ recently posted a net loss of $1.4B USD last year on $1.8B in revenue.

"FNZ still has a long way to go if it hopes to see the light at the end of the tunnel."

Read the full piece here: https://t.co/GCgVmv2vDx

[FNZ Class Action @nzclassaction]

@LawFuel covered this "fierce procedural fight" in the New Zealand High Court last week.

They describe it as a "colossal" class action, and one of the largest corporate shareholder actions in Asia‑Pacific.

https://t.co/elkKC2s1d2

[FNZ Class Action @nzclassaction]

In @DailyMail today, the US 4.6 billion class action, which has its first hearing in the High Court of New Zealand this week, has received 1500 affidavits.

"The cast of characters includes Blythe Masters, 57, a British-born Cambridge University graduate who was one of the most prominent female figures on Wall Street in the financial crisis of 2008.

Masters became a founding partner of the US-based private equity firm Motive, which invested in the financial technology firm FNZ in 2022.

Two years later, she went on to become chief executive of FNZ, whose software platforms are used to house investments for millions of British savers."

https://t.co/ytzV17iDGH

[FNZ Class Action @nzclassaction]

Why should a New Zealand company be allowed to avoid New Zealand law?

A commentary on the FNZ class action in The Post, New Zealand today:

https://t.co/nYBWD7TPre