Top Fintech Companies in New-Zealand

The Fintech industry in New Zealand has experienced significant growth and success in recent years, contributing to the country's overall economic development. In 2022, the Fintech industry contributed significantly to the country's economic growth, accounting for around 1.4% of the country's GDP. The industry has also been a significant driver of employment, with more than 9,000 people employed in the sector in 2022. The industry has been a key driver of job creation, innovation, and technological advancement. In this article, we will explore the factors contributing to its growth and success, key trends and challenges, and the future outlook of the industry.

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CompanyHeadcountContactDescriptionDecision Maker
SYNDEX NEW ZEALAND21 +64 9 377 6463
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Syndex makes interesting assets investible. We provide the infrastructure for enhanced private market investing with an end-to-end investment management system. Our platform simplifies share management and enables easy transacting for any proportionally-owned asset, in sectors such as horticulture, technology, commercial property and agriculture, as well as private equity and crowdfunding shares. Connecting capital-raisers with (wholesale) investors is a powerful part of what we do, combine that with a platform that delivers secure registry management services and a direct-trading secondary market and we bring credibility and accessibility to the private markets. Were firing up the private economy, bringing alternative investments front of stage. Were supporting our partners, so private enterprises excel and our communities thrive. $7b Assets under administration >560 schemes administered >18,700 account holders Our customers include private businesses, co-operatives, fund mana…

CUB DIGITAL13 +64 21 730 337
info@cubdigital.co.nz

We wanted to build a company where 
we made our clients heaps of cash, we got the ability to nerd out on big datasets and we made a lot of good friends and had great banter and stories a long the way. We believe in honesty, and we honestly think we could help most businesses improve. Our value proposition comes ultimately from you succeeding. We work in partnerships with businesses over multiple years to achieve that.

BLINKPAY8 +64 9 394 3331
complaints@blinkpay.co.nz

BlinkPay is a Māori fintech who is leading the charge when it comes to innovation by harnessing the power of open banking in collaboration with Aotearoas major banks. Our mission is simple: to provide a seamless and secure payment experience for your customers, enabling direct transfers from their bank accounts to yours. Were developing game-changing products that eliminate the frustrations that are caused by poor security, error-ridden late payments, high merchant processing fees, and time-consuming reconciliation processes. Explore our website to learn more about the cutting-edge services we are working on, including Blink PayNow, Blink Bills, and Blink AutoPay. These solutions are poised to transform your business operations and enhance the overall payment experience. If youre ready to streamline your payment processes and overcome common challenges, please contact us directly. Discover how BlinkPay can propel your business forward.

OCTAVE24 +64 27 777 8089
hello@octave.nz

Octave is a full-service digital partner based in Wellington, New Zealand. Working in concert with our clients and their customers, we create beautiful, thoughtful and scalable digital solutions that bridge the gap between ambitious business strategies and evolving customer behaviour. Our clients range from fintechs to Government agencies, from startups to multinationals. We improve the lives of our clients and their customers by creating exceptional digital experiences. www.octave.nz www.reoako.nz

COGO118 (blank)
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We provide carbon footprint management products that enable individuals and businesses to measure, understand and reduce their impact on the climate. Together, we will create a fairer and more sustainable world - for everyone. 🌏

INVSTA3 +64 9 217 6770
info@invsta.com

Invsta provides intelligent digital engagement and innovation solutions to financial service businesses globally. Our purpose is to inspire excitement & confidence in financial services by powering better financial experiences. Delight your customers and bring your financial service business into the digital age with our range of online wealth management and digital investment solutions. Were committed to empowering the future of financial services through digital innovation and engagement.

PAYSAUCE32 +64 800 746 701
helpdesk@paysauce.com

PaySauce creates fresh solutions for people at work. Were a big-thinking innovator looking to make a genuine impact for our partners, customers and shareholders. We make the human part of business way easier with payroll, rosters, timesheets, employment contracts and heaps more.

COULTHARD BARNES2 +64 800 737 739
info@coulthardbarnes.co.nz

Coulthard Barnes is the platform of the family office of the New Zealand-based entrepreneurs and investors Andrew Barnes and Charlotte Lockhart. They seek opportunities to promote New Zealands economic and social interests by investing in or supporting innovative businesses and are a key partner for the Commonwealth Economic and Investment Council in New Zealand. Our investments usually meet one of more of the following criteria: • Originated and held in New Zealand • Core services of fintech and/or legal • Social impact and/or export potential As a philanthropist and business leader, Andrew develops forward-thinking models of blending profit with social good: he conceived and implemented the four-day week at Perpetual Guardian, and is the chair of PaySauce, the payroll technology business that has created an employee draw-down service designed to eliminate ultra-high-interest payday lending that perpetuates the poverty cycle. A business advocate, Charlotte has a passion for seei…

SEEEVERYTHING14 +64 21 857 182
info@seeeverything.com

Our solutions are developed specifically for financial institutions to deliver visibility and actionable insights that drive successful behaviors and positive culture in synch – the recipe for compliant growth. Our performance improvement solution improves customer engagement, increases sales and service performance, and drives successful front line and management behaviors. Our conduct risk management solution minimizes conduct risk, increases compliance efficiency, and drives positive culture. We have deep expertise in banking, coaching and fintech software that enables us to provide a differentiated experience. And, we take pride in providing a business partnership to ensure our clients get the best value and results from our solutions. Our Partner ecosystem includes technology providers of the worlds most powerful platforms as well as trusted advisors and consultants specifically focused on the financial services industry.

9SPOKES52 (blank)
support@9spokes.com

9Spokes is a data and visualization hub for banks to provide to their SMB customers. The online platform Incentivizes business customers to connect operating and performance data which also provides insights for Relationship Managers. Unlock always-on insights to feed through to lending operations and relationship managers to grow your SMB portfolio. We deliver meaningful, personalized and shareable insights to businesses that help inform their next move and steer them towards their goals. We connect businesses. We bring together their teams, partners, and banks (anytime, anywhere), so they can share information and collaborate to figure out the best way forward – whether its a simple admin task or the basis for a strategic decision.

MYNATIVEFOREST4 (blank)
help@mynativeforest.com

At MyNativeForest, we employ a combination of fintech and forestry science so businesses can grow new native forest for their community — and protect their bottom line. Join us on our mission to plant more trees than any organisation or individual on the planet. Plant a company forest and earn carbon credits.

NZ COMPARE9 +64 508 226 672
hello@nzcompare.com

NZ Compare has been created to help Kiwis compare and save. Our goal is to be the #1 trusted source of information for personal finance, utilities and saving money in New Zealand. Were constantly looking to improve our websites and service to add all the little things that make using an NZ Compare website as easy as possible. The better our sites and service are, the more chance there is of you coming back to use us for all the different areas we can help you compare and save. We are often asked why we do it and it isnt just for the joy we get when finding the very best deal… although we do get a lot of joy from that. We get paid by some of the providers on the NZ Compare websites and we only earn when you switch provider or take up a new policy or service. With that in mind it is in our best interests to help you make an informed choice and find the very best deal possible. You will occasionally find search results that are ‘sponsored or ‘promoted but these will always be made …

ALEXANDER PR15 (blank)
info@alexanderpr.co.nz

Alexander PR is a multi-award winning, full-service Auckland public relations agency specialising in reputation management. The company is a licensed affiliate of Burson Cohn & Wolfe, a global communications and PR agency with offices in North America, Latin America, Europe, the Middle East, Africa and Asia Pacific. Alexander PRs selection as an affiliate increases our reach through the Asia Pacific region and allows us to meet objectives and achieve world-class results for our clients wherever their target audiences are found. Having established a record of high performance and market-leading results on a global landscape, Alexander PR combines traditional public relations expertise with forward-thinking digital marketing and content creation strategy to help clients achieve their bottom-line objectives. We specialise in building media relationships and achieving results in earned, owned and sponsored media to enhance our clients reputations. With a sound understanding of what …

TIC COMPANY19 (blank)
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Tic company provides outsourced services to manage the process of on-boarding and verifying your customers. We believe that meeting your AML/CFT requirements should be a seamless experience for your customer, and we leverage multiple data sources to minimise the amount of form filling asked of them.

VALOCITY126 +64 800 825 248
mediaenquiries@valocityglobal.com

Every bank in the world must validate the value of a property before they can lend money on it. Valocity helps lenders globally do this better and faster through the best cloud-based technology and data innovation. We connect the property ecosystem using flexible and customisable technology to transform the entire mortgage valuation process. In just 8 years, Valocity has connected the most valuers, brokers, and lenders in New Zealand, is live in Australia, India, and Singapore, delivering globally unique, cloud-based solutions to transform the world of valuation and mortgage lending. Combining the best of technology, data and people, Valocity drives innovation for lenders to transform the lending experience. We enable lenders to leverage the latest technology, make data-driven decisions, and adopt the solution quickly and easily. We are proud to work with industry leaders and have an incredible team of gamechangers, driving innovation and customer centricity across the globe.

POSIPAY2 +64 21 156 3454
info@posipayhq.com

PosiPay is a software company. Enhance customer experience and grow revenue through our software product. Delivering beautiful brand integration, intuitive service design and smart, secure fintech.

KLICKEX GROUP9 +64 9 377 5539
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KlickEx is a regulated, online system that connects banks, local businesses and consumers to find the best possible exchange rate, every time. KlickEx uses the internet to find the very best exchange rates based on the urgency (priority) of the transaction and current market conditions. Customers select rates based on these results, then KlickEx scans foreign banks and local businesses to locate funds at the selected rate. Once located, the exchange is instant - and the funds arrive in the other country immediately.

LATIPAY25 (blank)
customerservice@latipay.net

LatiPay is a first to market, fully compliant financial technology (FinTech) business. Our platform provides an online solution that focuses on enterprise-level clients. The LatiPay platform allows for Chinese payers to pay for goods and services with CNY (Chinese Yuan) whilst our New Zealand/Australian business receives full payment directly in their home currency in real time, at no cost to the business. Chinese payers can make payment through their preferred online banks or their WeChat, Alipay, JD Pay and Baidu wallets, whilst pay in their preferred currency of CNY. We solve the significant complexity of cross-border CNY payment within the education, export, insurance, software and travel verticals. LatiPay is a 100% Chinese Government approved S.A.F.E (State Administration Of Foreign Exchange) platform. We have partnered with PWC and Duncan Cotterill to ensure KYC, CFT and AML compliance are the cornerstones of our business. Our Functionality: The LatiPay invoicing platfo…

TAX TRADERS28 (blank)
team@taxtraders.co.nz

Tax Traders specialises in smart tax tools that give New Zealand companies better and smarter ways to pay their income tax. Our suite of IRD-accredited software tools unlock benefits traditionally hidden deep in the New Zealand tax system – offering Kiwi businesses unprecedented flexibility and control over when and how they pay their tax, as well as access to new working capital and the ability to make significant savings. A leading tax-technology company, Tax Traders has grown rapidly and now serves over 800 accountancy firms as well as thousands of corporate and SME clients across the country. This rapid growth is built on our relentless desire to innovate courageously, cultivate joy and practice generosity in all that we do. Our driving purpose remains the same as it was on day one: to democratise the New Zealand tax system, making more benefits available to all Kiwi businesses (not just large corporates) so they can be confident, efficient, and productive, placing their futu…

YOUDO LIMITED15 +64 21 160 4439
info@youdo.co.nz

YouDo are a team of business performance software engineers, and our ethos is simple: At YouDo, we believe that software should be adapted to your business processes and people, not the other way around Weve established a boutique agency of specialised developers committed to providing you a custom and cost-effective digital solution that fits your business like a glove. We thrive when working with complex business problems, partnering with you to deliver the software that makes an impact. By capturing and developing software as our clients Intellectual Property, we empower you with a valuable and tangible asset that belongs solely to your business, a secret weapon that will continue to serve your business long into the future Our ability to understand your business and generate responsive, informed solutions has earned the YouDo team an outstanding track record with our customers who include some of the largest state owned enterprises, financial markets traders and a range of …

Top Fintech Companies in New-Zealand

Factors contributing to its growth and success

The Fintech industry in New Zealand has been driven by several factors, including government initiatives, a supportive regulatory environment, and increased consumer demand for digital financial services. The government has taken a proactive approach to support the growth of the industry, providing funding and resources to support startups and promoting innovation through various programs.

The supportive regulatory environment has also played a significant role in the growth of the industry. The government has implemented regulations that promote competition, consumer protection, and innovation, making it easier for startups to enter the market and grow.

Industry Growth and Comparison to Previous Years

The Fintech industry in New Zealand has experienced strong growth over the past few years, with an increasing number of startups entering the market and attracting investment. In 2022, the industry is expected to grow by around 14%, compared to 11.3% in 2021. The growth rate is expected to remain strong in the coming years, driven by increased adoption of digital financial services and advancements in technology.

Key Trends including Technological Disruptions

The Fintech industry in New Zealand has seen several technological disruptions in recent years, with startups leveraging advanced technologies to offer innovative financial services. Artificial intelligence, machine learning, and blockchain are among the technologies that have been widely adopted by startups in the industry. These technologies have enabled startups to offer more efficient, secure, and personalized financial services to consumers.

Another key trend in the industry is the increasing adoption of mobile payments and digital wallets. The COVID-19 pandemic has accelerated the shift towards digital payments, with consumers preferring contactless payments to reduce the risk of infection. Startups in the Fintech industry have responded by developing mobile payment solutions that offer convenience and security to consumers.

Another key trend in the industry is the increasing adoption of mobile payments and digital wallets. The COVID-19 pandemic has accelerated the shift towards digital payments, with consumers preferring contactless payments to reduce the risk of infection. Startups in the Fintech industry have responded by developing mobile payment solutions that offer convenience and security to consumers.

Challenges

Despite the significant growth and success of the Fintech industry in New Zealand, it still faces several challenges. One of the biggest challenges is the lack of funding for startups, which makes it difficult for them to scale and compete with established players. Another challenge is the shortage of skilled professionals, particularly in areas such as artificial intelligence and machine learning, which are critical for the development of innovative financial services.

One of the key challenges will be ensuring that startups have access to the necessary funding and resources to scale and compete with established players. To address this challenge, the government may need to consider providing additional support and incentives to encourage investment in the industry.

Another challenge facing the industry is the need for skilled professionals with expertise in areas such as artificial intelligence and machine learning. To address this challenge, the government and industry stakeholders may need to work together to develop training programs and initiatives to attract and retain top talent in the field.

In addition to these challenges, the industry will also need to navigate regulatory and compliance issues as it continues to innovate and develop new financial services. While a supportive regulatory environment has been a key driver of growth in the industry, it will be important to strike a balance between promoting innovation and ensuring consumer protection.

Future Outlook

The future outlook for the Fintech industry in New Zealand is positive, with strong growth expected in the coming years. The government's continued support for the industry, a supportive regulatory environment, and increasing consumer demand for digital financial services are expected to drive growth in the sector. Technological advancements and the increasing adoption of mobile payments and digital wallets are also likely to contribute to the growth of the industry.

Conclusion

In conclusion, the Fintech industry in New Zealand has experienced significant growth and success in recent years, contributing to the country's overall economic development. The industry has been driven by government initiatives, a supportive regulatory environment, and increased consumer demand for digital financial services. The future outlook for the industry is positive, with strong growth expected in the coming years, driven by technological advancements and increasing consumer adoption of digital financial services.

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By Melissa Goh
Published on 25 May 2023