Fintech startup automates financial services for freelancers

Spotted: New Zealand-based startup Hnry is providing financial services for the self-employed. It automates tasks like billing and paying taxes using predictive analytics software.

Hnry assigns clients to a bank account. The program then uses predictive software to calculate taxes and other expenses that should be deducted. After this, it issues a payslip for what is left. 

Hnry is different from existing financial software in that it uses a pay-as-you-go model. The firm says that the service also goes beyond software because it has a team comprised of certified accountants. The service costs 1 per cent of a client’s freelancer income and is capped at a maximum of €1,800 for those who earn over €180,500.

The service was developed by three former freelancers — Claire Fuller, Richard Freestone and James Fuller — upon realising that they were spending too much time calculating finances. They then teamed up with some of New Zealand’s biggest accounting firms to design the software. 

22nd August 2019

Email: support@hnry.co.nz

Website: hnry.co.nz/

Contact: hnry.co.nz/contact

Source: New feed 1