# Akahu Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akahu-technologies

- Industry: Financial Services
- Headquarters: Auckland, New Zealand
- Website: www.akahu.nz
- Total disclosed funding: $1.4M
- Latest round: Seed (Oct 13, 2023)
- Investors on record: 3

## About

Based in New Zealand and founded in 2020 by co-founders Ben Lynch, Josh Daniell, and Oliver Fawcett, Akahu provides open banking and open finance infrastructure for seamless and secure means of accessing, managing, and utilizing financial information. In October 2023, Akahu raised USD 1.4 million in venture funding from investors Red Bird Ventures, K1W1, and NZ7 Investments.

Akahu offers a range of services through its API, including payments, data retrieval (transactions, balances, and account metadata), and verification. The company also provides the Genie feature, a transaction enrichment engine that enhances transaction descriptions, offering valuable insights. These services cater to diverse use cases, from compliance needs like KYC and AML to simplifying payment processes. The company has collaborated with various partners, including Simplicity, the Ministry of Business, Innovation, and Employment (MBIE), PocketSmith, Dolla, Tiger Brokers, and PaySauce, to expand its reach and utility.

The company plans to use the October 2023 funding to support innovation and collaboration in banking solutions for customers.

## Funding rounds

- Seed, Oct 13, 2023, $1.4M — K1W1, Redbird Ventures, NZ7 Investments

## Investors

- K1W1 — Seed
- Redbird Ventures (https://capitalatlas.ai/funds/redbird-ventures) — Seed
- NZ7 Investments — Seed