Kia ora,
This month, we’re focusing on the significance of growing export capabilities, addressing underlying challenges for local fintechs, investment and growth.
The route to scaled, export-led growth is often considered essential for many fintechs to survive and thrive. It’s a pivotal focus for investors supporting new ventures. While some companies target the New Zealand market, most see international expansion as an essential way to leverage growth.
As we navigate challenging times, maintaining and building exports is crucial. Our plan is to help fintechs grow and expand, ensuring that when good times return, we’ll be ready to seize the opportunities. Here’s what we’re doing:
Strategic focus
Our strategy to address these challenges includes an informed approach to sector growth, building capability and supporting impact through a robust export strategy. During the next two years, we’ll focus on primary markets in Australia, the United Kingdom and North America and a secondary focus on Singapore and Hong Kong.
Insight and reporting
This year we’ve contributed to several reports, including the 2024 New Zealand Fintech Pulsecheck report, TIN’s New Zealand Fintech 2024 report and Akahu’s Open Banking report. Collectively, this research provides key insights for our sector. Last month we also conducted an export-focused survey to guide our initiatives. Read more here.
Events and engagement
We’re planning a delegation to Australia in September for the Fintech Australia Intersekt conference. If you’re interested in joining or speaking, please contact me. Planning for our FinTechNZ Growth Capital Summit is also underway. We’ll be inviting venture capital funders and industry partners to a roundtable discussion. Then, in October, our FinTech for FinTechs Mini Hui returns. Applications for speaking and partnerships are now open, so please contact me for further information.
Building infrastructure
We’re collaborating on FinTech Hubs in Auckland, Wellington and Christchurch. These facilities are designed to support startups and scale-ups in the growth journey.
By staying focused and proactive, we’re ensuring that our fintech sector not only survives these tough times but emerges stronger and ready for growth when the economic climate improves. Stay connected for more news and opportunities to participate in our initiatives.
In member news, congratulations to Cogo on their partnership with the Bank of China. Plus, Dosh share their insights on starting a bank in New Zealand, view here.
Ngā mihi nui
Jason Roberts
Executive Director
Read the full news here: Strengthening exports
