Finance is a booming industry in New Zealand. The country is home to large domestic and international banks alike. Meanwhile, new fintechs are emerging with consumer products promising to revolutionize finance. Here’s our list of New Zealand’s top finance companies to know.
Top Finance Companies in New Zealand to Know
- Xero
- Sharesies
- Hnry
- Jarden
- Easy Crypto
Top Finance Companies in New Zealand
One of the country’s four largest banks, Bank of New Zealand was founded in 1861. Today, it provides retail, business and institutional banking, credit cards, mortgages and investment services. Bank of New Zealand operates 145 branches across the country and employs more than 5,000 people.
Fintech company Squirrel offers mortgage brokerage and investment services. Founded in 2008 in New Zealand and built specifically for Kiwis, the company has arranged over $20 billion worth of mortgages. Squirrel allows users to invest in its mortgage-generated funds to earn interest rates of up to 7 percent. It is based in Auckland.
Blockchain company Chainlink Labs has partnered with ANZ bank in Australia and New Zealand to pilot Project Guardian, a Singaporean collaboration between the financial industry and policymakers to accelerate the shift to tokenizing real-world assets. Chainlink Labs provides a universal gateway to all global blockchains. Its headquarters is in the United States.
Akahu’s application programming interface is used by a broad range of government, corporate and fintech organizations across New Zealand. It provides transaction data, payment initiation, identity verification and bank account verification. Akahu is based in Auckland.
Harmoney is an online direct personal lending company operating in Australia and New Zealand. It offers unsecured personal loans of up to NZD $70,000 as well as auto loans, business loans and debt consolidation loans. Founded in 2014, Harmoney has funded more than $1.6 billion in loans.
Easy Crypto enables users to buy and sell cryptocurrencies like Bitcoin and Ethereum. Users can initiate transactions through its web platform and app, which features an easy-to-use interface. Easy Crypto also sells ledgers and hardware wallets for users to further secure their digital assets.
British financial services group HSBC is one of the largest banks in the world. In 2023, it shifted its operations in New Zealand to focus solely on wholesale banking, including commercial banking, markets and securities services. HSBC operates in 63 countries and employs more than 173,000 people around the world.
Hnry is a tax automation tool for freelancers. The platform provides managed services for self-employed individuals and can log expenses, file tax forms and send invoices. The company aims to simplify taxes without the need for expensive software or tax professionals.
Jarden provides advisory services and wealth management to individuals and institutional investors. During its tenure, it has advised clients through mergers, IPO launches and much more.
FNZ Group provides a wealth management software platform for major financial institutions. Founded in New Zealand in 2003, the company is now based in London and serves over 650 institutions around the globe, with nearly $2 trillion in assets under its administration. FNZ Group maintains an office in Wellington, New Zealand, one of seven hubs around the world.
Westpac is one of the largest banks in New Zealand. Its services include banking, insurance, wealth management, financial market solutions and retirement planning. Westpac has been in New Zealand since 1861 and has more than 1.5 million customers in the country.
Cooperative banking institution Rabobank focuses on the food and agriculture industries, offering banking and financial services to farmers, ranchers and agribusiness companies. In New Zealand, the company has a network of 220 rural specialists. Founded in the Netherlands in 1898, Rabobank now operates in 40 countries around the world.
ANZ provides banking and professional services to more than 8.5 million customers across 30 different markets. It is the largest bank in New Zealand, providing personal, business and indigenous banking as well as credit cards, insurance and home loans. ANZ employs more than 8,000 people.
Xero is an accounting platform that’s popular with small businesses. Through a single platform, businesses can process payroll and other financial tasks like reimbursements and bill pay. Xero also provides solutions for accountants and bookkeepers to manage compliance workflows.
Deutsche Bank has been operating in the Asia Pacific region for over 150 years. The global bank provides a range of services, including corporate and retail banking, loans, financing and wealth advisory. Deutsche Bank has nearly 1,400 branches around the world.
Sharesies is an investment platform providing access to financial assets in New Zealand, Australia and the United States . The investment platform also features diverse financial products like stocks, managed funds and exchange-traded funds, or ETFs. Sharesies also offers high-yield savings accounts that provide greater APY than traditional financial institutions.
Morgan Stanley is an American multinational financial services company, ranked 61st in the 2023 Fortune 500 list. In 2022, it acquired New Zealand company StraitNZ, one of only two ferry operators transporting passengers across the Cook Strait. Morgan Stanley has more than 60,000 employees across offices in 41 countries.
Laybuy’s payment service allows customers to purchase items immediately and pay for them in installments over time. Its app enables purchases online and in store, and automatically debits users’ credit or debit cards in six weekly installments, with no interest or fees. Based in Auckland, the company operates in New Zealand, Australia and the United Kingdom.
French fintech company Worldline offers e-payment services for businesses of all sizes. It launched EFTPOS, or Electronic Funds Transfer at Point of Sale, in 1989, and has expanded to offer a digital payment platform that allows merchants to streamline payments and access data about their customers’ habits. Worldline’s New Zealand office is in Auckland.
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