Financial tech becoming increasingly important for NZ
Te Whanganui-a-Tara - Following recent research released by FinTechNZ showing how open finance and fintech could improve digital equity and financial wellbeing for Kiwis, a new piece of research reinforces the economic opportunity for New Zealand as the fintech sector grows at a rapid pace.
A new TIN report released today which focuses on fintech found that the New Zealand fintech sector has global revenues of nearly $2 billion and a compound annual growth rate of 32 percent, creating a 14 percent annual growth in high value jobs, FinTechNZ executive director Jason Roberts says.
The annual TIN report is a study of New Zealand's leading tech export businesses and includes analysis of Kiwi company revenues, market sectors, regional growth, ownership structures, R&D, economic impacts and detailed company profiles.
“It is great to see the data released by TIN showing that fintech plays an increasingly important role in economic growth for New Zealand creating growing exports and high value jobs,” Roberts says.
“Global fintech investment is growing rapidly as countries start to see the benefits of new financial technology innovation. Investment in UK fintech was seven times higher in 2021 than in the previous year, boosted by a record number of deals.
“We are helping connect New Zealand fintech firms, including large global brands such as Xero, as well as a growing number of high growth firms like Valocity, and helping them work together to attract talent and access global markets.
“FinTechNZ members are looking at attending the leading global fintech events again this year including the Dubai Seamless, London TechWeek and the Singapore Fintech Festivals.
“The growing national fintech community will also be gathering later this year for a fintech hui to share insights on global growth strategies.”
FinTechNZ, part of the NZ Tech Alliance, is the national financial innovation and technology association, bringing together fintech startups, financial service providers, banks, tech firms, investors and regulators, working together to help create a more equitable, sustainable and prosperous Aotearoa New Zealand.
New Zealand has been ranked one of Asia Pacific’s fastest emerging fintech hubs and one of the top 10 fintech destinations in the region.
For further information contact Jason Roberts on 021 2227624 or NZTech’s medial specialist, Make Lemonade’s editor-in-chief Kip Brook on 0275 030188
Photo: Jason Roberts
Lisa was born in Auckland at the start of the 1970s, living in a small campsite community on the North Shore called Browns Bay. She spent a significant part of her life with her grandparents, often hanging out at the beaches. Lisa has many happy memories from those days at Browns Bay beach, where fish were plentiful on the point and the ocean was rich in seaweed. She played in the water for hours, going home totally “sun-kissed.” “An adorable time to grow up,” Lisa tells me.
Lisa enjoyed many sports; she was a keen tennis player and netballer, playing in the top teams for her age right up until the family moved to Wellington. Lisa was fifteen years old, which unfortunately marked the end of her sporting career. Local teams were well established in Wellington, and her attention was drawn elsewhere.