Emerge Raised NZ$12 million in Series A

Kiwi fintech startup Emerge has raised NZ$12 million in a Series A round to fuel its ambitious plans of launching New Zealand’s first challenger bank. With support from prominent investors, Emerge is poised to redefine business banking with its fast, digital-first approach.

• Funding Round: Emerge raised NZ$12 million in Series A funding, led by Altered Capital. Other investors include Icehouse Ventures, K1W1, NZ Fintech Fund, and US-based VC Hard Yaka.

• Cofounders’ Background: Founders Jamie Jermain and Jovan Pavlicevic, who previously launched the children’s financial literacy app SquareOne, are now turning their focus to revolutionizing business banking

• Product Innovations: The company has introduced EmergePay, turning smartphones into payment terminals, and offers app-based business accounts and cards with fully digitized onboarding.

• Ambition to Redefine Banking: Emerge aims to redefine banking in New Zealand by simplifying payment acceptance, integrating accounting tools, and offering more efficient business operations.

With NZ$12 million in fresh capital, Emerge is set to transform the banking landscape for Kiwi businesses. As it continues to expand, the fintech aims to provide smarter, faster solutions that empower businesses to do more with their money.