BNZ won't renew contract with fintech 9 Spokes

BNZ won't renew contract with fintech 9 Spokes
BNZ signed a two-year contract for 9 Spokes' small business platform in 2020. (Image: Depositphotos)
Ben Moore
Auckland-based 9 Spokes International is about to lose another cornerstone customer after BNZ chose not to extend its contract with the ASX-listed fintech.The agreement, which accounts for almost 12% of 9 Spokes’ annual recurring revenue, will end on Oct 28, the fintech said in a statement to the ASX.BNZ's exit is 9 Spokes' second major customer to leave in the past 12 months, and comes as the fintech looks for new income streams or fresh capital to keep its operation going. The company's ASX-listed shares were voluntaril...

More Finance

How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025