Akahu Secures $1.4M from Westpac
New Zealand's Akahu secures $1.4M from Westpac's Red Bird Ventures, enhancing open banking and loyalty offerings in NZ, UK, and Australia.
October 12, 2023
Simon Rowles
Founder, CEO
New Zealand's Open Banking Pioneer Akahu
Akahu, a leading figure in New Zealand's open banking sector, has secured an additional $1.4 million in funding. This investment was provided by Westpac New Zealand's investment arm, Red Bird Ventures.
Impact of Open Banking in the UK
In the United Kingdom, open banking has revolutionized access to customer data, leading to a new wave of loyalty programs and offerings.
Open Banking in Australia
Similar initiatives are underway in Australia where open banking is employed, though loyalty use cases have not yet become widespread.
