Hnry provides a fully digital accounting service for freelancers, contractors, and sole traders in Australia and New Zealand, combining a dedicated bank account with automatic tax calculation and payment. Its mobile app lets users invoice clients, capture expenses, and view real‑time financial insights, while on‑demand accountants handle tax filings and compliance.
Funding
$24.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
5OLLFounders
Product
Problem
Self-employed individuals and sole traders often spend significant time managing tax calculations, payments, invoicing, and expense tracking, which can lead to missed deadlines, inaccurate filings, and cash‑flow uncertainty.
Solution
Hnry offers a fully digital accounting service that integrates a dedicated bank account, automatic tax calculation and payment, and a mobile app for invoicing and expense management. When a payment is received into the Hnry Bank Account, the platform instantly deducts income tax, GST, ACC levies, student loan repayments, and other obligations, then transfers the net amount to the user’s personal bank. The app lets users create and send unlimited invoices, capture expenses via photo, and view real‑time financial insights. Hnry’s team of accountants provides on‑demand support and handles tax filings, eliminating the need for manual reconciliation or separate bookkeeping tools.
Target Audience
Hnry serves contractors, freelancers, and sole traders in Australia and New Zealand who need a streamlined solution for tax compliance, invoicing, and expense management.
Features
- Dedicated Hnry Bank Account (held in trust) that receives client payments and automates tax deductions
- Real‑time calculation and payment of income tax, GST, ACC, student loan, and KiwiSaver contributions
- Unlimited invoicing with optional automated payment reminders
- Expense capture by photo with instant categorisation and receipt storage
- Integrated financial dashboard showing income, taxes, expenses, and payslips in one view
- Access to professional accountants for live chat support and tax filing assistance
- Automatic claim of Hnry fees as a business expense