Qippay Raises NZ$5M in Funding

Qippay, an Auckland, New Zealand-based financial technology company that provides open banking infrastructure, has raised NZ$5 million in a growth capital round.

Investors

The investment was made by All Roads Wholesale Fund, which secured a 25% stake in the parent business, Qippay Group.

Qippay Use of Funds

The capital will be used to support the company's growth in New Zealand, including the development of new financial and data infrastructure capabilities. The funds will also support increasing the team size and facilitate potential expansion into the Australian market utilizing the Consumer Data Right.

About Qippay

Founded in 2021 by Ashley Lake-Johns and Wayne Deas, Qippay is an open banking infrastructure provider. The company develops technology that connects payments with financial data to help businesses reduce transaction costs, automate administrative tasks, and access real-time financial information.

Funding Details

Company: Qippay
Raised: NZ$5M
Funding Date: October 12, 2026
Additional Investors: All Roads Wholesale Fund
Software Category: Fintech
Company Website: https://qippay.com
Source: https://www.startupdaily.net/topic/funding/kiwi-open-banking-fintech-qippay-pockets-nz5-million-for-25-stake/