28 November 2023
Kia ora koutou,
The 2023 TIN Report is out now! Discover the very latest data on the NZ tech ecosystem by purchasing an ebook here. Hard copies will be sent out a week from today.
The report is rich in detail and insights: among them, fintech has surpassed healthtech for the first time as the highest grossing tech subsector, reaching $2.8B in revenue. One in every six dollars captured by NZ’s 200 largest tech firms is earned by a fintech. The sector will be the subject of a dedicated report in early 2024 – reach out to be part of this exciting project.
The other headline from this year’s report is that North America is quickly closing in on Australia as the most lucrative tech market for the TIN200: revenue in this market has grown almost 20% since last year.
Tech has cemented its position as the country’s second-largest offshore-earner after dairy. This diversification of the country’s exports– both in terms of products sold and markets targeted – protects New Zealand’s future as we look to build a low-carbon, high-wage economy.
We’re confident that – no matter whether you’re a top CEO or a first-year uni student, a VC investor or an entrepreneur keen to raise capital, in the thick of the industry or an observer from the sidelines – you’ll find value in the 2023 TIN Report. Buy a copy today.
Ngā mihi nui,
The TIN Team
TIN Events
In case you missed it: the TIN Report Launch and Awards.
Volpara Health CEO Teri Thomas gives you behind-the-scenes view: what it was like to MC the tech industry’s best night out in November. Hear about negotiating political jokes, mispronouncing names, and forming lasting connections.
TIN Member & Sponsor News
NZTE Inspired by the Courage and Ambition of Tech Exporters
Michael Murphy, the Head of Tech and Services for NZTE, reflects on the findings of the 2023 TIN Report, highlighting the importance of overseas markets to tech, and in turn, tech’s importance as the second-largest export sector.
Altered Capital: “Let’s invest in Kiwi growth to save ourselves from mediocrity.”
McGregor Fea, founding partner of Altered Capital, makes a call to arms for growth investment. In a high-interest rate environment, the only way to win is to grow, he writes, citing Judith Collins, Minister for Technology, “New Zealand needs to be a nation of scale-ups.”
Molly Matthews is CEO of Pushpay, a fintech solution for charities and churches. Learn what she considers the heart of any successful SaaS company and her most valuable business lesson from 2023. This year, her company grew their revenue by over $53 million.
Post-Covid Bounce-Back for Cinemas and Vista Group
Vista Group, which provides technology and data solutions for the film industry, benefitted from the return to cinemas after the pandemic, with revenue growth of 37.7%. Read about how they proactively respond to evolving trends, with a 4.5 day work week and voluntary climate disclosures.