BIF adds Wych to its investment portfolio

18 August 2025

Booster Innovation Fund adds Wych to its investment portfolio

Booster is pleased to announce an investment of $150,000 by its Booster Innovation Fund (BIF) in Wych, a seed stage New Zealand company delivering secure, compliant, and scalable open data solutions. Wych’s technology platform enables financial institutions and regulated organisations to meet open data and open banking requirements through standardised APIs, reducing complexity, cost, and security risk.

Wych delivers accredited Consumer Data Right (CDR) capabilities in Australia and is progressing towards compliance with the Consumer and Product Data (CPD) framework in New Zealand, including write-access for Pay by Bank. Its recent partnership with Kiwibank highlights its ability to provide enterprise-grade solutions that help clients unlock new customer experiences, streamline compliance, and participate confidently in the emerging open data economy in Australasia and beyond.

Following this transaction (and issue of additional units to fund the purchase), Wych will represent 0.7% of BIF’s investment portfolio which currently has over 35 active companies, and a net asset value of $21.7m. This investment aligns with BIF’s commitment to supporting innovative New Zealand businesses at the seed of their growth.

Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part of the process described in the fund’s Product Disclosure Statement (PDS) that is available at www.booster.co.nz

For further information regarding BIF visit https://www.booster.co.nz/booster-investments/booster-innovation-fund.aspx




For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300


About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $7 billion on behalf of more than 200,000 New Zealanders.
BIF is a managed investment fund that invests in early-stage companies founded on intellectual property originated or developed in New Zealand.
For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz

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Announcement PDF