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Tech & Innovation
2 mins to read

Westpac VC arm leads $1.4m investment in Akahu fintech

Startup has 50 customers already, but expects a wave of adoption as finance sector takes up open banking.

Akahu is the ‘enabler’ connecting banks with other service providers.

Westpac’s New Zealand venture capital fund Red Bird has made a second investment in fintech Akahu as the company prepares for the advent of open banking and the consumer data right.

Red Bird has invested $1.4 million alongside co-investors K1W1 and NZ7 Investments, but Akuhu founder and chief

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Lachlan Colquhoun Fri, 13 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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Westpac VC arm leads $1.4m investment in Akahu fintech
Tech & Innovation,
101241
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