Wych Limited
Wych Limited provides an API-first open banking and Consumer Data Right compliance platform for Australia and New Zealand, serving banks and fintechs with 140+ data provider integrations, turnkey SaaS solutions, and a flagship Kiwibank deployment delivered ahead of regulatory deadline.
- Company typePrivate
- Founded2018
- HeadquartersAuckland, New Zealand
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Wych Limited does
Wych Limited is an API-first open banking and Consumer Data Right (CDR) compliance platform headquartered in Auckland, New Zealand, with a regional headquarters in North Sydney, Australia. Founded in 2018, the company serves two distinct customer segments: Data Holders (banks and financial institutions required to comply with open banking regulations in Australia and New Zealand) and Data Recipients (accredited fintechs, lenders, and third-party providers needing secure access to banking data). Wych connects to 140+ CDR data providers across the ANZ region, including the four major Australian banks (Commonwealth Bank, ANZ, NAB, and Westpac), and offers a unified API that eliminates the need for point-to-point integrations.
The company's product portfolio centers on two core offerings: Data Holder Solutions, which include Product Reference Data (PRD) management and Data Holder testing environments for regulatory compliance and market readiness; and Data Recipient Solutions, which provide unified API access to customer, account, and transaction data with support for multiple compliance paths (representative, BCDC, and trusted advisor). Supporting sub-products include Wych Consents (a customer consent management interface), Access CDR (real-time data access with enrichment), and Insights & Reports (transaction classification and pre-built analytics). The platform is SOC 2 compliant, holds ACCC accreditation as an Accredited Data Recipient (ADRBNK2005), and is a registered participant of New Zealand's CDR framework under the Customer and Product Data Act 2025. A free developer sandbox is available for self-serve trials.
Wych generates revenue primarily through SaaS-based platform subscriptions for both Data Holders and Data Recipients, supplemented by professional services for onboarding, accreditation support, and technical integration. The company operates a hybrid go-to-market model combining direct enterprise field sales (with an RFP submission process on its website), a self-serve API platform for developers, and channel partnerships with fintechs including Xero, Volley, Akahu, Poli, and Paysauce. Kiwibank serves as the flagship implementation partner, with Wych having delivered open banking across all digital channels six months ahead of New Zealand's regulatory deadline. The company employs 1-10 people and has raised a disclosed total of approximately NZ$882,105 in funding as of September 2025 from Booster and NZ Fintech Fund, with earlier participation from Brisbane Angels.
Wych Limited firmographics
Firmographics- Name
- Wych Limited
- Legal name
- Wych Limited
- Website
- https://wych.it
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Wych Limited provides an API-first open banking and Consumer Data Right compliance platform for Australia and New Zealand, serving banks and fintechs with 140+ data provider integrations, turnkey SaaS solutions, and a flagship Kiwibank deployment delivered ahead of regulatory deadline.
- Ownership category
- akta.pro rank
Wych Limited industry classification
Industry- Product category
- Open Banking API Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Services-Computer Processing & Data Preparation (7374), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC)
Keywords
Where Wych Limited is headquartered
LocationHeadquarters
- HQ city
- Auckland
- HQ country
- New Zealand
- HQ region
- Oceania
Offices2 records
Markets served
Wych Limited business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- API Access and Platform Subscription: SaaS-based platform access for both Data Holders (financial institutions) and Data Recipients (fintechs). Provides compliance, integration, and data access capabilities on subscription basis.
- Implementation and Professional Services: Assistance with onboarding, accreditation process support, and technical integration services for enterprise clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Developer Sandbox |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Wych Limited product offering
Product offeringCore offering
Wych provides an API-first open banking and Consumer Data Right (CDR) compliance platform that connects 140+ Australian and New Zealand data providers through a single unified API. It sells Data Holder Solutions for banks to meet CDR/PRD obligations and Data Recipient Solutions for fintechs and third-party providers to securely access aggregated customer, account, and transaction data, supported by a free developer sandbox.
Product overview
Wych Limited offers a unified API-first platform for open banking and Consumer Data Right (CDR) compliance in Australia and New Zealand. The portfolio consists of two core products: Data Holder Solutions for banks and financial institutions to enable compliance and data sharing, and Data Recipient Solutions for fintechs and third-party providers to access financial data. These are supported by sub-products including Wych Consents for customer consent management, Access CDR for real-time data access, Insights & Reports for transaction classification, and PRD Management tools. The platform connects to 140+ CDR data providers and provides turnkey, no-code-required solutions with out-of-the-box compliance. A free sandbox environment is available for developer testing.
Differentiator
Problem solved
Functional benefit
Products and services
- Data Holder Solutions API-driven open banking solutions for banks and financial institutions to meet Australian and New Zealand CDR compliance requirements. Includes Product Reference Data (PRD) management and Data Holder testing to ensure compliance and market readiness before live deployment.
- Data Recipient Solutions Open banking solutions for fintechs and third-party providers to access CDR data via a unified API. Provides real-time access to customer, account, and transaction data, supports multiple compliance paths (representative, BCDC, and trusted advisor access), and includes aggregated insights, reports, and transaction classification.
- Wych Consents Customer consent management interface that enables secure financial data sharing between data holders and approved third-party services, supporting CDR consent requirements for both banks and fintechs.
- Sandbox Environment Free sandbox environment for developers and accredited fintechs to test Wych's open banking integrations and API functionality before committing to paid plans.
Quantifiable outcome
- 99.9% uptime SLA
- +2 more outcomes
Companies that use Wych Limited
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
Wych Limited technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Wych Limited partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship and core.
- KiwibankflagshipFlagship partnership where Wych served as the primary technology partner enabling Kiwibank to become the first bank in New Zealand to roll out open banking across all digital channels. Wych helped Kiwibank deliver the service six months ahead of regulatory deadline under the Customer and Product Data Act 2025. Kiwibank serves both individual and business customers.
- VolleycoreLocal fintech partner in Kiwibank's open banking rollout, providing financial services applications that integrate with the open banking infrastructure.
- AkahucoreLocal fintech partner in Kiwibank's open banking rollout, providing financial services integrations and data connectivity solutions.
- Commonwealth Bank of AustraliacoreMajor Australian bank connected to Wych's CDR data provider network, enabling data sharing capabilities for accredited recipients.
- ANZ BankcoreMajor Australian bank connected to Wych's CDR data provider network, enabling data sharing capabilities for accredited recipients.
- NAB (National Australia Bank)coreMajor Australian bank connected to Wych's CDR data provider network, enabling data sharing capabilities for accredited recipients.
- WestpaccoreMajor Australian bank connected to Wych's CDR data provider network, enabling data sharing capabilities for accredited recipients.
- XerocoreMajor accounting software provider developing services that plug directly into banks' systems via Wych's open banking infrastructure.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Wych Limited competitors and assessment
Company assessmentDirect peers
- Akahu: Akahu is a New Zealand open banking intermediary connecting fintechs and lenders to bank data via API. Wych itself lists Akahu as a partner in the Kiwibank rollout, but the two compete head-to-head as NZ's two accredited data intermediaries serving fintech data recipients.
- Basiq: Basiq is Australia's leading open banking data aggregator, accredited under CDR and connecting to the major Australian banks. It is Wych's most direct Australian competitor for fintech Data Recipient workloads.
- TrueLayer: TrueLayer is a UK/EU-headquartered open banking API platform offering account connectivity, payments initiation and screening to banks and fintechs. It is a close functional analog to Wych's unified API offering for data recipients.
- Yapily: Yapily provides an open banking API infrastructure layer covering account information and payment initiation across European banks. Highly comparable to Wych's API-first intermediary model in regulated financial data.
- Token.io: Token.io offers open banking payments initiation and account connectivity for banks and corporates in Europe and the UK. Directly comparable as a regulated open banking intermediary focused on PSD2.
Broad incumbents
- Plaid: Plaid is the largest global financial data aggregation and open banking platform, connecting thousands of fintechs to bank APIs. Wych operates as a regional challenger to Plaid in Australia and New Zealand.
- Mastercard Open Banking (formerly Finicity): Mastercard Open Banking combines the Finicity platform with Mastercard distribution, offering CDR-aligned data aggregation and account verification globally. A scaled incumbent that competes for Tier-1 bank integrations.
- MX Technologies: MX provides financial data aggregation, connectivity, and data enhancement tools to banks, lenders and fintechs across the US. Comparable as a broad aggregator/enhancement play versus Wych's Insights & Reports and Access CDR modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Wych Limited social profiles
Digital presenceWych Limited compliance and trust
Trust signalCompliance3 records
Wych Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wych Limited leadership team
Management profileNumber of profiles
Wych Limited funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wych Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wych Limited
What does Wych Limited do?
Wych provides an API-first open banking and Consumer Data Right (CDR) compliance platform that connects 140+ Australian and New Zealand data providers through a single unified API. It sells Data Holder Solutions for banks to meet CDR/PRD obligations and Data Recipient Solutions for fintechs and third-party providers to securely access aggregated customer, account, and transaction data, supported by a free developer sandbox.
Is Wych Limited a public or private company?
Wych Limited is a private company. It is classified as venture growth investor backed and is currently operating.
When was Wych Limited founded?
Wych Limited was founded in 2018. It employs 1 to 10 people.
Where is Wych Limited based?
Wych Limited is headquartered in Auckland, New Zealand, in the Oceania region.
How does Wych Limited make money?
Two revenue lines are on record. API Access and Platform Subscription is the primary driver. The others are implementation and Professional Services.
Who are Wych Limited's main competitors?
Direct peers on record are Akahu, Basiq, TrueLayer, Yapily and Token.io. Broad incumbents are Plaid, Mastercard Open Banking (formerly Finicity) and MX Technologies.
Does Wych Limited have an API?
Yes. Wych provides API solutions for open banking and Consumer Data Right (CDR) compliance. The company offers unified API access to financial data from 140+ data providers, enabling secure customer, account, and transaction data sharing with real-time integration capabilities. Services cover both Data Holder (for banks) and Data Recipient (for fintechs) solutions with out-of-the-box compliance. Developer documentation is at docs.wych.io/auth.
What industry is Wych Limited in?
Wych Limited's product category is Open Banking API Platform. Its primary akta.pro industry code is FSAGACAC, Customer Permissioning & Consent Management (OAuth, scopes, revocation). Its NAICS code is 518 and its SIC code is 7374.