If you have heard the name Amico and want to know exactly what it does, here is the short version: Amico is an app that helps family and friends lend money to each other properly, from the first agreement through to the final repayment.

Available on the app store, built to be quick

Amico is available to download directly from the app store. The goal from the start was to make it easy and put it in people's hands as quickly as possible, in the way most people expect any app to work today. No lengthy sign up process, no unnecessary friction, just a straightforward path from download to a properly documented loan.

Starting with the details that matter

At its core, Amico's first job is to help you quickly document the details of what you are agreeing with a friend or family member. It walks you through the key questions that actually matter: is this a zero percent interest loan or something with a rate attached, how long do you want the agreement to run for, and what does the repayment structure look like.

Once those details are worked through, Amico puts them straight into a proper document. That means you get a real, structured loan agreement immediately, without needing to go to a lawyer or work out the wording and calculations yourself.

Automatic repayments, built on open banking

The newer piece of the product goes a step further, adding automatic repayments on top of that initial agreement. Once everything is set up through open banking, secured through all the major Kiwi banks, the repayments simply happen. You set it up once, and from there it ticks over automatically, without needing ongoing manual management.

Two problems, one platform

Put together, Amico solves two separate problems that used to sit apart from each other: getting the loan properly documented, and then actually managing the repayments once the loan is underway. Most tools, and most good intentions, only ever solved the first half. Amico was built to solve both.

How Amico helps

Amico Document creates your loan agreement in minutes, covering the terms that matter most. Amico Repay then connects to your bank accounts through open banking to manage the ongoing repayments automatically. Together, they turn what used to be an awkward, informal process into something simple, fair and genuinely set and forget.