FNZ feathers its nest buying Hatch from Kiwi Wealth
Hatch is a direct-to-consumer (D2C) digital investment platform that provides New Zealanders access to the US share markets and was previously owned by Kiwi Wealth.
Hatch serves over 130,000 users and more than $2 billion has been transacted on the platform since it was founded in 2018.
FNZ New Zealand managing director James McDonnell says what Hatch has achieved in the three years since its inception with the support of Kiwi Wealth is admirable.
"The business has reached a logical point in its lifecycle to pursue ownership transition, and FNZ now has the capability and appetite to build on these foundations in order to achieve a step-change in their growth trajectory.
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