Loan app Amico formalises family and friend contracts

The idea for Amico was born from founder Tom Aitken’s experience working at one of the big four banks. (Image: Supplied)

John Anthony

Tue, 25 Feb 2025

A former banker turned Hawke’s Bay farmer has created a peer-to-peer lending app designed to simplify and formalise loan agreements between family and friends.Amico, which translates to “friend” in Italian, was launched last week by Tom Aitken along with Melbourne-based business partner and co-founder Kris Hunter.The app, designed to reduce the complexities and risks of informal loans, offers a structured and legally binding solution and is believed to be the first of its kind in New Zealand.“It is really trying to help...

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