Taxi — Tax-pool-based Business Finance (NZ)
Unique NZ product: pay provisional tax through Taxi, then borrow up to 90% of those payments back as short-term funding. The tax pool (held by Public Trust at IRD) acts as security. 9-month repayment with skip-payment flexibility.
About Taxi (Go Taxi)
- Legal entity
- Taxi Limited (provisional tax pooling intermediary)
- Brand family
- Taxi
- Primary website
- https://gotaxi.co.nz
- Notes
- UNIQUE PRODUCT: NZ tax-pooling-based business finance. Borrowers pay provisional tax through Taxi → those payments are held in a pooling account at IRD by Government-owned Public Trust → borrower can later access up to 90% of paid provisional tax as a short-term loan. The provisional tax payments themselves act as security for the funding. 9-month repayment period; skip-payments allowed. NOT a traditional lender.
Taxi Funding (provisional-tax-pooling-based)(Taxi (Go Taxi))
data confidence: inferredBorrow up to 90% of the provisional tax payments you've made through Taxi in the prior 12 months. The provisional-tax-pool acts as security; held in a Public Trust account at IRD. 9-month repayment period with skip-payment flexibility. Funds released the next working day. Distinct from traditional secured/unsecured business loans.
- Term
- Up to 9 months
- Security
- tax pool collateral
- Advertised funding speed
- Funds released the next working day
- Interest rate disclosure (per quote, not publicly advertised) · pricing model: tax pool secured
- Taxi does not publish a headline rate. Pricing depends on amount drawn against your tax pool, repayment plan, and overall security. The tax-pool collateral model means pricing is set by Taxi's funding economics, not traditional credit-risk pricing.
- Fees
- note: Skip payments do not incur extra cost if caught up within the 9-month repayment period.
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Best for NZ businesses that already pay provisional tax + want short-term cash flow against money already paid to IRD. Distinct from traditional secured/unsecured business lending.