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Why you should care about Kiwibank FinTech Accelerator 2.0

Kiwibank FinTech Accelerator 2.0 is already deep on its way, and we are excited to see what the startups will achieve by the end of it.

If you have not heard of this accelerator program, you should, because their previous program launched Sharesies which received $1 million in investment in just eight weeks.

What is the program all about?

The Kiwibank FinTech Accelerator is bringing cutting-edge FinTech ventures together with Creative HQ’s Lightning Lab.

It is a 12-week accelerator that launches companies into the global space, and it will be held in Wellington, New Zealand.

The program hopes to make it easier and faster to solve significant pain points in risk and cost-efficient way with the connections they have to regulators and Kiwibank.

Billions of dollar are being pumped into the FinTech sector, according to Statista, US$ 10 billion to be exact. It is almost a 1 trillion dollar sector, and that speaks volume.

FinTech is definitely a booming sector in NZ

KFA aims to establish Wellington as the FinTech hub as well as establishing Creative HQ and partners as leaders in the FinTech space. 

Kiwibank chief executive Paul Brock told Scoop Business that the success of the first accelerator had encouraged Kiwibank and accelerator partners Callaghan Innovation and Creative HQ to launch version two of the innovative programme.

“The first accelerator saw exciting new Kiwi companies such as Sharesies, Accounting Pod and Tapi successfully launched to market.

“With the second accelerator, we’re looking to help even more startups capitalise on what is a $1 trillion global FinTech opportunity, and to grow New Zealand’s FinTech ecosystem further.”

The startups involved

The program got the attention globally too, with applications from different countries.

The chosen startups are a bunch that will be disruptive at best. Companies are using blockchain to manage payments, creating chatbots, helping freelancers fulfil their tax obligations, creating a whānau-based lending platform and much more.

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Programme Director Laura Reitel said they are thrilled with the high quality of ventures that are taking part this year.

“Each of them represents a very different approach to FinTech and shows the enormous scope of the industry. We’re looking forward to helping them validate and launch new products to market.” 

Digital Advisor and spokesperson at Kiwibank, Peter Fletcher-Dobson, said: “We’re excited to be helping these firms establish themselves and stamp their mark on the global stage.” 


Ilumony’s offering Invsta is the first global cryptocurrency investment platform build for accessibility and simplicity. Through their range of exclusive crypto-traded portfolios and online platform, Invsta takes the complexity and uncertainty out of cryptocurrency investing and demystifying the complex world of cryptocurrency investing.


Hnry is revolutionising the world of self-employment by providing a managed service that automates invoicing, tax and compliance for freelancers, contractors and sole traders. Hnry provides a pay-as-you-go model that ensures that individuals are always up-to-date with their tax and compliance responsibilities, and never owe anything to the government.


Choice is a blockchain-based sales protocol that greatly reduces transaction fees by introducing a direct transfer infrastructure between customers and merchants. Choice takes a portion of those merchant savings and donates them to registered charities of the consumers’ choice.

HomeScore (previously FlowCoin)

For young professionals and couples, saving and getting organised to buy their first home can be daunting. HomeScore helps by tracking savings, regular expenses and the housing market. This helps make informed changes that will have a big impact. HomeScore allows customers to save smarter and move in sooner.


The rise of cryptocurrencies and the use of blockchain are opening up new opportunities and challenges for the world of finance. A key challenge is the ability to link digital identity to flat world identity in a way that meets regulatory hurdles. Totem has partnered with Kiwibank to develop a self-sovereign identity solution that meets these regulatory thresholds, enabling easier AML/KYC processes while maintaining privacy and data integrity.


Stash makes it hassle-free to document, manage and ensure valuable items, all from a smartphone. It is a simple visual personal inventory platform that organises and keeps up-to-date information about valued items, including photos and purchase receipts. Stash doubles as an assistant to help sign up to new policies and start claims. Stash works closely with insurers so that they can provide an all-digital novel insurance offer, and focus on providing the best value for money while making life easy for users.

Bot the Builder

Bot the Builder is a platform for customers like insurance companies and banks who struggle to keep up with their customer service demand. Bot the Builder empowers them to streamline their customer journey by deploying integrated chatbots into their digital ecosystem. This helps them serve over ten times as many customers as they normally would, reduce their customer acquisition costs and increase their net promoter score.

Tā Koha (by PledgeMe)

Tā Koha is a crowdlending platform for Māori entrepreneurs to raise capital by involving their whānau, their communities and those who want to see an equitable and inclusive funding landscape in Aotearoa.


Greenbase provides access to the core infrastructure of a bank over powerful APIs. This means FinTechs and enterprises can build the next amazing financial innovations while accessing the infrastructure they need as a simple on-demand cloud service.

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So there we go, those are the teams that are in the program, and you better put the demo date on your calendar

You can expect to hear a series of great stories of startup journeys, highlighting the growth and progress that can happen over a 3-month period and revealing new, exciting FinTech products for New Zealand.

The demo day will be on 17 May.

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Why you should care about Kiwibank FinTech Accelerator 2.0
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