Akahu maintains deeply functional data integrations with NZ banks and other financial institutions. We bundle those integrations into a simple API for developers.
Akahu supports the development of Consumer Data Rights in New Zealand, and we intend to evolve our integrations into that purpose-built regulatory regime when it rolls out and matures.
Akahu’s journey began when Ben Lynch was working in the bank feeds team at Xero in 2013. He grew frustrated with the unreliable intermediary data integrations that were used to fetch transaction data into Xero, and decided to build integrations for his personal bank accounts.
That side project turned into a full time project called Jude, where the data integrations were used to power features like account aggregation, round-up, and sweeping.
Then In December 2020, the data integrations were transferred into a new company called Akahu, and became available as an API product to external developers. We announced an investment from the venture arm of Westpac New Zealand at that same time.
Red Bird Ventures is the venture arm of Westpac New Zealand, with capital to invest in strategically aligned fintech and adjacent businesses. Red Bird Ventures invests in ideas that can benefit from a long-term strategic partnership with a major New Zealand bank.
Akahu is a made-up word.
It had the practical hallmarks - short, good domains available, doesn't breach anyone's IP.
But it was inspired by a word relating to custodianship. We consider that to be our most important role - a trusted custodian of data connections for consumers.
Keen to get started right now? Create a personal app which will grant you instant API access to your own accounts.
If you want access to a full app, contact us and we'll set it up.Get in touch
Our team can provide contract services to explore or build the functionality that you have in mind.
We'd love to discuss the options with you.Get in touch