Award-winning Kiwi FinTech business Hnry has taken its first international steps this month as it launches across Australia.
Providing independent earners with a world-leading, app-based tax and financial admin service, Hnry can now be used by those across the Tasman who will join thousands of Kiwi freelancers, sole traders and contractors who already use it.
Hnry will be working alongisde Australian banking partner NAB, following a successful six-month pilot programme which led to a strong demand for their services from independent earners across the country.
Co-founder and CEO James Fuller, says that Hnry is a combination of accountancy and an app, with great financial tools to help independent earners focus on what they do best.
“From invoicing and payments through to deductions and tax filings, using Hnry means never having to think about tax again,” says Fuller.
Due to Covid-19, the self-employed market has grown considerably, although it had already been growing over the last decade.
“Before Covid, there were an estimated five million Australians earning some or all of their income outside of PAYE employment. In the last six months, this number has increased, as more and more Australians look to different ways of earning during this period of uncertainty.”
Founded in New Zealand four years ago, Hnry was made up of three people looking to solve their own problem, Fuller explains.
“We were working as freelancers and contractors ourselves at the time, and we just wanted to focus on our clients and do great work, but suddenly we had to think about tax calculations and payments, or ‘reconciling’ in complex accounting software.
“We knew when we started Hnry that this was a global problem – it’s something that freelancers, sole traders and contractors have had to put up with for years.”
Now thriving with a team of 18, Hnry proceeds with the rapid growth it has experienced over the last few years, with launching into Australia an exciting new venture.
“One of the main reasons that we chose Australia as our first overseas market was due to the sheer number of Australians that got in contact with us and asked us when we were launching there.
“One of our directors is already based in Australia in our Sydney office, and we’re looking forward to hiring more people in the very near future, building the culture of our Australian firm.”