A review of things you need to know before you sign off on Friday; Reverse mortgage rate almost touches 10%, PMI weaker, retail sales fall, SkyTV mulls takeover offer, swaps up, NZD down, & more
Red Bird Ventures, the corporate venture capital fund of Westpac NZ, has led a $1.4m investment round into Kiwi fintech Akahu, alongside co-investors K1W1 and NZ7 Investments. As well as the investment, the partnership will provide the bank with valuable insight .