BIF adds Wych to its investment portfolio
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18 August 2025
Booster Innovation Fund adds Wych to its investment portfolio
Booster is pleased to announce an investment of $150,000 by its Booster Innovation Fund (BIF) in Wych,
a seed stage New Zealand company delivering secure, compliant, and scalable open data solutions.
Wych’s technology platform enables financial institutions and regulated organisations to meet open
data and open banking requirements through standardised APIs, reducing complexity, cost, and security
risk.
Wych delivers accredited Consumer Data Right (CDR) capabilities in Australia and is progressing towards
compliance with the Consumer and Product Data (CPD) framework in New Zealand, including write-
access for Pay by Bank. Its recent partnership with Kiwibank highlights its ability to provide enterprise-
grade solutions that help clients unlock new customer experiences, streamline compliance, and
participate confidently in the emerging open data economy in Australasia and beyond.
Following this transaction (and issue of additional units to fund the purchase), Wych will represent 0.7%
of BIF’s investment portfolio which currently has over 35 active companies, and a net asset value of
$21.7m. This investment aligns with BIF’s commitment to supporting innovative New Zealand businesses
at the seed of their growth.
Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part
of the process described in the fund’s Product Disclosure Statement (PDS) that is available at
www.booster.co.nz
For further information regarding BIF visit https://www.booster.co.nz/booster-investments/booster-
innovation-fund.aspx
For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300
About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of
the Booster Group which has been helping New Zealanders save since 1998. The group currently
administers superannuation and investment funds of over $7 billion on behalf of more than 200,000
New Zealanders.
BIF is a managed investment fund that invests in early-stage companies founded on intellectual property
originated or developed in New Zealand.
For more information, including a copy of the Product Disclosure Statement, please visit
www.booster.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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