Sharesies' KiwiSaver still going for growth, reaches break-even on cash flow

Sharesies KiwiSaver offering was marginally cash-flow-positive in the year ended March but its general manager says the focus is still on growth and enhancing its products.

Sharesies Matt Macpherson its KiwiSaver is about chasing scale, not profitability. Pic Supplied

Matt Macpherson says members of the KiwiSaver fund reach about 26,000 at March 31 and has since grown to just over 35,000.

Part of that growth has been fuelled by Sharesies’ offering KiwiSaver accounts for children – “That’s really resonated well,” Macpherson says.

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Sharesies' KiwiSaver still going for growth, reaches break-even on cash flow

Sharesies KiwiSaver offering was marginally cash-flow-positive in the year ended March but its general manager says the focus is still on growth and enhancing its products. MORE»