Hnry has raised $30m in an oversubscribed Series C round led by Movac, lifting total investment to nearly $100m since 2018. Especially useful, since we’re now used by tens of thousands of Australian sole traders, and we’re expanding rapidly in Australia and the UK! 🎉
Sydney, 10 December 2025 – Hnry has secured just over $30 million in an oversubscribed Series C raise, led by Movac’s Growth Fund investing in us for the first time. Long-time backer Icehouse Ventures has also increased its stake.
This recent round marks almost $100 million raised since 2018. Which is almost no wonder – we’re Australasia’s biggest and fastest-growing digital accounting service for contractors, freelancers, and sole traders. Forbes Australia even recently named-checked us on its ‘Asia 100 To Watch 2025’ list.
Our CEO and co-founder James Fuller says the new investment will primarily accelerate Hnry’s growth in Australia and the UK, markets that together represent more than five million sole traders.
“Movac has a strong track record in taking local companies global, so having them on board at this stage of our journey is incredibly powerful.
“Our Australian market has grown sevenfold since 2020, with tens of thousands of sole traders using Hnry across every profession - tradies, NDIS workers, graphic designers and more. Independent data shows Hnry customers save 5 hours in admin time per week and 75% of the cost compared with those who use alternative solutions that require an accountant and add-on services to manage their tax and finances - and Hnry does it all in real time,” says James.
Movac General Partner Jason Graham says our product is at an exciting inflection point.
“We invest in high-performing New Zealand and Australian technology companies with proven international markets and scalable business models. Hnry has all of that. We’re excited to support their rapid expansion in Australia and the UK, especially with the UK’s shift to digital taxation presenting a major opportunity to scale,” he says.
One of our newest products is Mileage by Hnry, a free mileage tracking app for Hnry customers – or available at a very low cost to any sole trader – that automatically records and logs all business trips. James says research showed many sole traders weren’t claiming mileage because it was too difficult or existing apps were too expensive.
“Just one month after launch, Australian users were already claiming hundreds of dollars in mileage, and 75% of users are tradies who’ve never made a mileage claim. Twenty per cent of Hnry customers already use it, and uptake in Australia is twice as fast as in other markets. There’s strong demand for technology that simplifies being self-employed,” he says.
We also became the first accountancy service in the world to offer a debit card linked to a dedicated business account, with transactions automatically tracked and reconciled. In the last four months, Australian sole traders have loaded $10 million onto their cards and spent $6.5 million on business expenses, receiving instant tax relief as purchases are categorised in real time.
James says the Series C funding will support a wave of new innovation and product development across all markets.
“We’re just getting started. Sole traders don’t want to spend hours on admin or be stuck in accounting software each week; they want to grow their business and enjoy a better work–life balance. Hnry gives them that freedom. Our mission is to continue designing and delivering tools that make their lives easier in ways no one else in the accounting sector has achieved.”
As part of the round, Movac’s Jason Graham will join Hnry’s board.
About Hnry
Hnry is an award-winning app and tax service designed to help sole traders with their financial admin.
For just 1% +GST of your self-employed income, capped at $1,500 +GST a year, Hnry will calculate and pay all your taxes, levies and whatnot for you, including:
We also complete and lodge your tax return for you, including claiming any tax relief you might be entitled to. It’s all part of the service!
More importantly, we free up thousands of hours for sole traders to focus more on what they do best – their jobs. Hnry is on a mission to make being a sole trader simple, affordable, and accessible for anyone.
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