The investment by US-based McGeever comes before an $8m Series A funding round.
But a new threat has emerged from proposed FDA regulation.
An independent adviser’s report says funding round’s positives outweigh negatives.
The money helped pay for a plastic poo sculpture on Bondi Beach.
The Singaporean company appears to be withdrawing from Australasia in stages, but will keep its NZ mobile customers for now.
Plans to subsume a key consumer-facing body into the intelligence agency have been made quietly and in haste, the sector says.
More than 26,000 said to be on a waitlist to start using the financial app, which has come under fire for its company culture overseas.
NZ’s third-largest tech company lifted revenue to $1.49b.
Algorithms that use ‘deep learning’ and enormous data sets to summarise and generate new content are inherently biased and problematic.
NZGCP says Elevate likely still has $50m to invest after Movac’s raise.