Hnry’s expansion includes a new office and global strategies.

TLDR:

• Wellington-based digital tax service Hnry, founded by James and Claire Fuller, is expanding globally after success in Australia.
• Hnry offers pay-as-you-go accounting services for sole traders, with plans to enter other overseas markets.

NZ accounting firm Hnry eyes global expansion after cracking Australia – NZ Herald

Wellington-based digital tax service Hnry, founded by James and Claire Fuller, is targeting growth beyond Australasia amid surging global demand for accounting software among sole traders. The fintech company has seen rapid growth since the Covid-19 pandemic, with more people looking to earn money from multiple sources.

Hnry, the world’s first pay-as-you-go accounting service for the self-employed, previously focused on Australia and is now looking to enter other overseas markets. The company’s success is evident as it recently moved into a bigger office in Wellington to accommodate its growing team.

Hnry offers a unique service where it automatically pays and files taxes for clients, charging a fee of $1 plus GST for every $100 earned, up to a maximum of $1500 per year. The company’s innovation in financial services was recognized at the Institute of Finance Professionals (Infinz) awards.

The company raised $35 million in venture capital to open an office in Sydney, with plans to hire additional staff and serve more sole traders. Hnry’s new debit card service for managing expenses in real-time is another standout feature, showcasing the company’s commitment to innovation.

Despite global economic challenges, Hnry remains optimistic about its growth potential and aims to help more self-employed individuals worldwide. The company’s focus on product innovation and customer service sets it apart in the accounting software industry.

While an NZX listing is not on the immediate horizon, Hnry’s strong capital position and cautious approach bode well for its future expansion plans. With a focus on serving customers and staying ahead of industry trends, Hnry is poised for continued success in the global market.