Hnry chief executive James Fuller founded the company with Claire Fuller in 2017. (File photo) Photo: Supplied
Financial technology firm Hnry has secured more than $30 million in an oversubscribed raise.
The accounting software firm, which focused on sole traders, said the raise was led by Movac, while long-time backer Icehouse also increased its stake.
The Wellington-based firm had now raised almost $100m since 2018, and Hnry said it now processes nearly 1 percent of the country's tax take - highlighting its strength in the New Zealand market.
The company was founded by Claire and James Fuller in 2017.
"Hnry is now in New Zealand, Australia and the UK, and in every market we've experienced rapid growth," co-founder James Fuller said.
"In Australia, our market share has grown sevenfold since 2020, and Hnry UK is growing six times faster than our combined Australasian market since launching earlier this year," he said.
Fuller said the latest funding round would accelerate international growth, support new development across all markets, and the company was "just getting started".
"Sole traders don't want to spend hours on admin or be stuck in accounting software each week; they want to focus on growing their business and enjoying work-life balance," he said.
The raise also marked Movac's first investment in Hnry.
"We're excited to support their rapid expansion in Australia and the UK, especially with the UK's shift to digital taxation presenting a major opportunity to scale," Movac general partner Jason Graham said.
Graham would join Hnry's board as part of the round.
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