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Kiwi open banking fintech Qippay pockets NZ$5 million for 25% stake

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Illustrative photo.Photo by SVH Manali on Pexels

What happened

Five-year-old Auckland fintech Qippay has raised NZ$5 million (A$4m) with Australian All Roads Wholesale Fund taking a 25% stake in parent business, Qippay Group.

Sources & evidence