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Kiwi fintech Emerge raised NZ$12 million in a Series A led by Altered Capital to build New Zealand's first challenger bank.

Oct 15, 202410 months ago

Amount Raised

$12 Million

Round Type

series a

AucklandFinance

Investors

Hard YakaNz Fintech FundK1 W1Icehouse VenturesAltered Capital

Description

New Zealand fintech Emerge has successfully raised $12 million in a Series A funding round. The investment will be used for marketing, sales and product hires as the company ramps up its business-focused go-to-market strategy.

Company Information

Company

Emerge

Location

110 Symonds Street, Grafton

Auckland, Auckland, New Zealand

About

Emerge is a single platform to run your business finances. We’re a digital-first banking alternative, built to allow Kiwi businesses to go faster, be more cost-effective, and save time.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech