Hnry is a fintech platform that automates accounting and tax processes for freelancers and contractors by calculating and remitting income tax, GST, and other levies in real-time as payments are received. The service simplifies financial management by allowing users to invoice clients, manage expenses, and receive personalized accounting support, ensuring they never miss a tax deduction.
Funding
$51.2M 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.
LLFounders
Product
Problem
Freelancers and contractors often struggle with the complexities of managing their taxes, including calculating income tax, GST, and other levies, leading to potential errors and missed deductions. Traditional accounting methods can be time-consuming and require significant financial expertise, diverting focus from core business activities.
Solution
Hnry is a fintech platform designed to automate accounting and tax processes for self-employed individuals. The platform calculates and remits income tax, GST, and other levies in real-time as payments are received into a dedicated Hnry account. Users can manage expenses by uploading receipts, send invoices, and access support from accounting professionals. Hnry ensures compliance with tax obligations while providing insights to optimize business finances.
Target Audience
The primary target audience includes freelancers, contractors, sole traders, and other self-employed individuals who need a streamlined solution for managing their taxes and financial administration.
Features
- Automatic calculation and payment of income tax, GST, ACC levies, and student loan obligations.
- Unlimited invoicing with automated chasing of unpaid invoices.
- Expense management through receipt uploads and categorization.
- Hnry Debit Card for simplified expense tracking and tax deduction claims.
- Access to a team of accountants for tax return filing and personalized support.
- Real-time insights into earnings, tax obligations, and deductible expenses.
- Option to allocate earnings to savings, KiwiSaver, and investment accounts.
- Accepts various payment methods, including credit card payments.
- Mobile app for iOS and Android.