New Zealand is one of the best places to do business. It’s business environment, laws, policies, taxation systems, political situation and labor market make it very easy to start a business in New Zealand. Every year many startups begin their journey here. Some of these startups have captured the international market as well. Here are the three amazing startups from New Zealand.
This is the largest internet auction based website, same as eBay. It was found in 1999 by entrepreneur Sam Morgan. It owns a network of all the popular site of New Zealand. This site is so popular that it has 60% of New Zealand’s Internet traffic.
It is a software company that develops cloud-based accounting software for small and medium-sized businesses. The products are based on software as a service (SaaS) model. The software is sold by subscription. It offers easy invoice generation and sends options for clients to pay online. It also sends cashflow reporting directly from the customer’s bank account.
This company is building undersea fiber cables which will connect New Zealand with Australia and the USA. It is trying to solve the major problem of New Zealand’s broadband. The fiber cable would be 12,750 km (7,920 miles) in length. The investment of the project is US$350 million. Its customers include Vodafone New Zealand, Kiwi Advanced Research and Education Network and Australian ISP iiNet.
These startups have been hugely successful. The outcome of these companies indicates that startups in New Zealand have a very bright future.