Kernel finishes first year with capital raise

The company, headed by Dean Anderson, says it has just raised close to $2 million to help fund future growth of the business. Also it is about to appoint  a Head of Technology, a Head of Digital and additional team members in marketing, operations and product development.

“Whilst 2020 brought its challenges, Kernel is the realisation of a dream to help Kiwis achieve more with their money,” Anderson says.

“With new investment hitting several million dollars a week and building, Kernel has firmly established a sound value proposition, delivered innovation to the market, and – most importantly of all – patient investors who’ve focused on the long term have seen returns upwards of 20% over the last 12 months, despite the impacts of Covid-19.”

Several high-profile business leaders have recognised the Kernel value proposition and invested in the company. They include individuals with extensive capital markets experience, including Julian Knights OA who joins the Kernel board in December.