Wellington start-up Hnry eyes expansion after securing $16m investment
Summary
Hnry chief executive James Fuller says the firm has grown rapidly through Covid and is now shortlisting additional overseas markets. Fast-growing Wellington software firm Hnry, which provides an app to help the self-employed manage their accounts, has secured a $16 million investment and is planning to take on 40 more staff. Hnry chief executive James Fuller said the bulk of the funds were being invested by US growth equity firm Left Lane Capital. “We’ve always been clear that this is a global problem.” There was however still a lot of potential growth in the New Zealand market, where about 40 per cent of its business came from referrals from friends and family, he said. “At the last count, there were between 400,000 and 500,000 individuals in New Zealand who earned some or all of their income from self-employment.” While they could muddle through their accounts on their own, Fuller said using the app would simplify matters considerably.