FNZ's investment in Hatch and Pāua takes it direct to consumers

FNZ bought Hatch for about $40 million in October last year. (Photo: Dan Brunskill)

Tue, 22 Nov 2022

Financial technology company FNZ has built a multibillion-dollar empire selling services to other business customers.However, its two most recent investments in New Zealand suggest the company could be interested in expanding into more consumer-oriented products.In NZ last year, FNZ bought retail investment platform Hatch and in October took a minority stake in local financial advice firm Pāua Wealth Management.These investments differ from others it has made, in that both supply services directly to retail customers, outside the financial serv...

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