Kiwi firm promises to change Aussie accounting after $35m raise
Summary
We’ve got 25 to 30 staff there, and the funding will go to scaling that team across product, engineering and operations – it’s a big hiring drive at the moment. “People have also now tried traditional accounting services and software, looked at it and realised they’re still doing a lot of work themselves.” Under Hnry’s model, customers are only charged on how much they earn (1 per cent of income), up to a maximum of $1500 per year. The platform is designed so that invoices are issued through Hnry, and when they are paid, the software automatically calculates and deducts their fee, plus what is owed in taxes, while the rest goes into the customer’s bank account. Mr Fuller said the business kicked off its capital raise in the second half of last year, and the software start-up was able to bring AirTree on as its lead investors after getting to know the fund over a three-year period. AirTree partner Jackie Vullinghs said the fund had spent a lot of time looking at fintech for small businesses in 2019, which was how it first came across Hnry.
Funding
Review available funding amount, funding date, investors, and linked company information related to Kiwi firm promises to change Aussie accounting after $35m raise in the interactive ISVWorld profile.