DOT Loves Data CEO and Founder Jason Wells said the company will continue to work directly with existing customers.
“ANZ Group’s support will certainly help DOT Loves Data grow, but it also means we can work together to develop new and bespoke data tools, and that’s an exciting prospect.”
“At the right time and with the right analysis, data can be extremely useful for businesses. It can help them understand their customers, the market and any opportunities that arise,” Mr Wells said.
The investment is part of an on-going effort by ANZ Group to build partnerships with innovative local companies that can help its small and medium business customers grow.
ANZ New Zealand Managing Director of Business Banking Lorraine Mapu said customers increasingly saw the value that insights and benchmarking brings to the banking relationship.
“Modern banking is much more than lending people and businesses money, looking after their deposits and doing transactions. It is about providing insights to help people with their financial well-being, to start and grow their businesses and to assist New Zealand with its trade and capital flows around the region.
“Our focus over many years has been to strengthen our proposition in these spaces so we can give people and businesses the data-driven insights they need to succeed.
“With DOT Loves Data we’ll be able to take that to another level, and offer many of our businesses customers these cutting-edge tools to help them with various aspects of their business including financial benchmarking and carbon reporting,” Ms Mapu said.
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