The Problem We’re Solving
High merchant fees are crushing NZ businesses.
In 2024, NZ merchants paid more than $1 billion in merchant service fees.
Consumers paid an estimated $90 million in surcharges.
Typical merchant fees sit between 1.2% and 2.5% per transaction.
With surcharging expected to be banned by 2026, many businesses will be forced to either absorb the full cost or stop offering contactless payments.
Everyone loses – merchants, customers, and local communities.
Our Solution
Peer-to-peer Digital Wallet
A secure mobile app that replaces the physical wallet – starting with payments and evolving to store loyalty cards, IDs, and spending insights.
Instant bank-to-bank payments between any NZ bank, 24/7
Peer-to-peer transfers and future features like group bill-splitting, loyalty rewards, and budgeting tools
Customer to Business Payment Platform
A merchant-friendly payment platform with a flat 0.6% merchant service fee, compared with industry averages of 1.2%–2.5%+.
Built on banking APIs (Open Banking) – no unnecessary intermediaries
Simple, transparent pricing and T+1 settlement to the merchant’s account
Infrastructure Layer
An event-driven, serverless architecture built to scale efficiently while keeping operating costs low – enabling us to maintain our low fee structure and strong margins over time.
Market Opportunity
New Zealand card transaction volume was $104.1B in 2024, projected to reach $171.7B by 2037.
Combined NZ + AU Total Addressable Market (TAM) is around $350B NZD in annual transaction volume.
Government plans to ban surcharging by 2026, pushing merchants to seek lower-cost alternatives.
Wallo Pay targets SMEs, surcharge merchants, and “no contactless” merchants most impacted by high fees.
Even a modest share of this market represents significant recurring revenue at a 0.6% fee.
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Traction So Far
Technical MVP for peer-to-peer digital wallet complete; compliance and integrations are expected to be complete in the coming months.
Awarded Ārohia Evidence Grant by Callaghan Innovation.
Endorsed and supported by WellingtonNZ (RBP).
Early pipeline of 5 businesses and around 20 users committed to trial the platform after compliance completion.
Business advisor with 25+ years experience and senior leadership roles at PayPal (Ex-Senior Director) providing guidance on risk, legal and compliance.
The Offer
Raise size: Minimum $100,000, maximum $300,000 NZD
Equity: 4% – 12% of Wallo Pay Limited (at maximum raise, 12% equity)
Price per share: $1
Pre-money valuation: $2.2 million NZD
Post-money valuation (at max): $2.5 million NZD
Minimum investment: $500 (500 Investor Shares)
Shares offered are Investor Shares (non-voting) with full economic rights, which may convert into voting Founder Shares on a liquidity event or by Board resolution.
Rewards Packages (Indicative)
$500+ – Investor Shares (non-voting)
$1,500+ – Early access to beta testing
$10,000+ – Early user access, involvement in alpha & beta testing
$75,000+ – Involvement in product development and advisory
$150,000+ – Co-founder / founder shares with full voting rights, subject to AML/PEP/background checks
Meet The Team
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Risk & Disclaimer
Important Information & Risk Warning
This web page is a summary only. The Wallo Pay equity crowdfunding offer will be made exclusively through the PledgeMe platform, which is licensed and regulated by the Financial Markets Authority (FMA). Any investment should be made only after reading the full offer documentation on PledgeMe.
Equity crowdfunding is risky. Issuers using this facility are often early-stage or fast-growing ventures. You may lose your entire investment and must be in a position to bear this risk without undue hardship. You will have fewer legal protections than for other types of investments. We strongly encourage you to seek independent financial advice before investing.