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Wych graduates from Newchip’s global pre-seed stage accelerator program

AI-based Data Platform for personal finance management, Wych, developed and honed skills needed to globally scale Wych during the 6-month program.

Auckland, New Zealand – 22/03/22

Wych, the personal finance app set to change consumers' financial well-being through AI data driven technology today announces their completion of Newchip’s six-month intensive pre-seed global accelerator program.

With a selective acceptance rate, Wych was chosen among a select group of startups from around the globe to participate in Newchip’s Pre-Seed stage accelerator, an immersive online experience designed to help entrepreneurs fundraise and drive scale.

During the accelerator experience, CEO Dermot Butterfield developed rapidly, accomplishing a number of key growth initiatives including gaining the skills necessary to effectively manage a multi-national organisation. Honing how to measure success by identifying the optimum metrics and building a strong partner funnel.

“People don’t have time or capacity to manage their personal finances. So we developed the GPS of finance”, said Dermot Butterfield, CEO Wych, “it can measure where you are, where you’re going, and what to do. By bringing AI and machine learning to develop a management strategy of personal finances. The program, and graduation from it, has been an insightful learning journey.”

Moving forward the Wych team will be focused on completing their raise, a long overdue expansion to their team, and delivering on pre-planned partnerships and white-labelling opportunities.


About Wych

Wych Money is a personal financial assistant empowering customers to take control of their finances through an AI-powered app. Wych enables businesses and financial advisors to connect with their customers to accelerate the customer's goals. Founded by Dermot Butterfield, an experienced technology innovator, Wych is on a mission to help turn their customers' money into wealth. To learn more visit

About Newchip

Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has helped over 1,000 founders from 35+ countries raise over $300 million in funding. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more visit


Media contact

Ami McLean

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