Govt fund takes A$1m stake in Thinxtra

Tue, 18 Aug 2020

New Zealand Green Investment Finance has invested A$1 million in Thinxtra to encourage local firms to deploy the internet-of-things technology to reduce costs and emissions. The investment, the bank’s second, is an “enabler” and should encourage more use of the technology, which can be used to remotely monitor everything from water use to pest trapping, heavy machinery and container movements. Five-year-old Thinxtra already has customers in NZ, but more of its business is in Australia, with Hong Kong another growing market. The firm uses...

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