Hnry, one of Australasia’s largest and fastest-growing digital accounting service for contractors, freelancers and sole traders, has secured more than $30m in an oversubscribed Series C round led by Movac.
The raise lifts the company’s total funding to nearly $100m since its inception in 2018.
The company said the fresh capital will accelerate its expansion across Australia and the UK, two markets that together represent more than five million sole traders.
Hnry provides a comprehensive financial administration service for sole traders, handling tax calculations, filings, payments, levies and more in real time. Its platform is designed to remove the administrative burden traditionally associated with contracting and freelance work, enabling customers to save significant time and reduce costs compared with alternative accounting setups.
The company’s product suite includes automated tax and financial management tools as well as complementary offerings such as its debit card feature. This card links to a dedicated business account and automatically categorises transactions to provide instant tax relief. In the last four months alone, Australian sole traders have loaded $10m onto their cards and spent $6.5m on business expenses.
Hnry’s latest addition is Mileage by Hnry, a free mileage-tracking app for customers and a low-cost tool for non-customers. The app automatically tracks business trips and helps sole traders claim mileage tax relief—an area many previously overlooked due to complexity or cost.
Hnry CEO and co-founder James Fuller said, “Movac has a strong track record in taking local companies global, so having them on board at this stage of our journey is incredibly powerful.
“Our Australian market has grown sevenfold since 2020, with tens of thousands of sole traders using Hnry across every profession – tradies, NDIS workers, graphic designers and more. Independent data shows Hnry customers save 5 hours in admin time per week and 75% of the cost compared with those who use alternative solutions that require an accountant and add-on services to manage their tax and finances – and Hnry does it all in real time.”
Movac general partner Jason Graham said, “We invest in high-performing New Zealand and Australian technology companies with proven international markets and scalable business models. Hnry has all of that. We’re excited to support their rapid expansion in Australia and the UK, especially with the UK’s shift to digital taxation presenting a major opportunity to scale.”
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