KiwiSaver fund commits $20m to new anti-bank savings app
McLeish brothers say they’ve attracted institutional money in addition to private deposits of $20 million after less than three months.
Andy and Dave McLeish.
Dave McLeish, the former head of fixed income at Fisher Funds, says he has a commitment from both an institutional investor and a KiwiSaver provider to invest an initial $10 million each into his startup banking venture.
That would double funds under management in Wedge Money, a licensed retail
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