FNZ Employee Shareholders question the actions of FNZ's Chairman and investor Motive Partners with a US$4.6 billion lawsuit pending

Since September 2024, when Motive Partners installed its own personnel in senior leadership roles, a large number of senior leaders have left including recent sudden departures of the firms CRO, COO and CTO. SinceSeptember 2024, when Motive Partners installed its own personnel in senior leadership roles, a large number of senior leaders have left including recent sudden departures of the firms CRO, COO and CTO. "We've lost all the leadership and knowledge that built FNZ to date, but it...

Since September 2024, when Motive Partners installed its own personnel in senior leadership roles, a large number of senior leaders have left including recent sudden departures of the firms CRO, COO and CTO.

"We've lost all the leadership and knowledge that built FNZ to date, but it still needs to continue to build and grow as a growth company. In its place, we have Motive Partners with no relevant experience in actually building companies, let alone building technology companies. The company is being run according to a relatively junior, lower tier, private equity playbook." said a spokesperson for the Employee Shareholders.

"In addition, Motive's recent investment in several direct competitors of FNZ raises the question of what Motive's agenda really is. Overwhelmingly Private Equity investors would avoid such conflicts in their portfolio companies."

A class action filed in the High Court of New Zealand by FNZ's employee shareholders alleges the deliberate and oppressive dilution of employee shareholders' holdings, as well as the direct transfer of their equity to conflicted institutional and private equity shareholders. Motive Partners would seem to be playing a central role.

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