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Ninth Wave

ninth-wave.com

Founded Year

2018

Stage

Loan | Alive

Total Raised

$680K

Last Raised

$680K | 3 yrs ago

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About Ninth Wave

Ninth Wave enables secure data connectivity between financial institutions and third-party applications including aggregators, fintechs, accounting solutions, tax prep software and other consumer and business solutions. The company's SaaS solution, the Ninth Wave Platform, provides financial institutions with a single, secure, scalable gateway that enables consumer and commercial customers to access their data on their terms.

Headquarters Location

115 Broadway Suite 1705

New York, New York, 10006,

United States

212-344-2000

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Latest Ninth Wave News

Hinch to double its whiskey production & increase workforce by 10

Nov 1, 2022

Hinch Distillery is ramping up its production lines as global and domestic demand for its products surge, increasing its whiskey production from 400,000 to 1m litres of pure alcohol (LPA) per year. The distillery, which also produces the Ninth Wave Gin brand, formerly operated a five-day week model but will now switch to a 24/7 operation to cater to its growing client base. The increase will see whiskey production reach an annual 8,000 casks or 3.5m bottles, while gin production will rise to 440,000 litres LPA equivalent of 1.7m bottles. Ten new members will join the Hinch team as a result of its expansion plans. Hinch has also invested in three additional washbacks from distilling equipment expert Forsyths in Scotland, as well as additional technology from MW Control Solutions. “We are delighted with the demand for our whiskey products, which are, by industry standards still in their infancy,” said Dr Terry Cross OBE, chairman of Hinch Distillery. “Our products have quickly gained momentum in a world of whiskey lovers, rising through the ranks to become a respected competitor in the fine Irish Whiskey category. Our growth is organic and in line with our ever-expanding markets. Weekly Business Digest Sign Up “We are pleased to see that Irish Whiskey, as a category, is enjoying increased popularity and we really feel we have cornered some of the most valuable markets. “For Hinch, the only way is up, and we will continue to meet the current and future demand for high quality, premium Irish Whiskey and Irish Gin worldwide. We are going to capitalise on this growth, and we also have plans to expand our super premium product offering. “Interest in Irish whiskey tourism has grown significantly over the last 12 months, boosting employment and investment throughout Ireland. Our distillery drives brand recognition and builds loyalty with storytelling through Hinch distillery tours on site.” Michael Morris, international sales director, Hinch Distillery, said: “Our move to grow our distillery is a result of current demand and we expect that to grow over the next five years. “Our product portfolio is reaching no less than 30 global markets, boosting NI’s reputation as a producer of fine whiskey while our collection has attracted multiple international awards including Double Gold Medal for Irish Whiskey Double Wood Aged Five Years product at The Fifty Best - a New York awards event and a Silver and Judges’ Selection at the Alberta Beverage Awards. It’s a fantastic momentum that we will sustain through continued growth on the ground.” William Stafford, head distiller, Hinch Distillery, said: “The expansion will take us from 400,000 LPA to 1m LPA showing our commitment to the Irish Whiskey Industry. “This development will not only enable the team to continue producing award winning Irish whiskey across all our offerings, but it will mean greater flexibility as we experiment with mixed grain bills and cask types. “Consumers will reap the rewards of new and innovative Irish whiskey from Hinch when our new make spirit becomes whiskey in 2024, the first spirit distilled here integrated into our diverse portfolio. “Irish whiskey is still one of the fastest growing spirits in the world and we look forward to the future with the news of this expansion which will enable the team to keep up with the ever- growing demand for our products. “Market research shows that consumers are curious. With a young distilling team here at Hinch, we have been creative and expressive with the new make spirit that we have distilled. “The types of casks they mature in will allow us to offer not just a premium product, but a unique one, bringing varied flavour expressions with every release. We also have our own maturation facility on site, so no third-party storage is required for our single malt and pot still Irish whiskey. The warehouse currently has capacity for 9,000 barrels.” Most Read

Ninth Wave Frequently Asked Questions (FAQ)

  • When was Ninth Wave founded?

    Ninth Wave was founded in 2018.

  • Where is Ninth Wave's headquarters?

    Ninth Wave's headquarters is located at 115 Broadway, New York.

  • What is Ninth Wave's latest funding round?

    Ninth Wave's latest funding round is Loan.

  • How much did Ninth Wave raise?

    Ninth Wave raised a total of $680K.

  • Who are the investors of Ninth Wave?

    Investors of Ninth Wave include Paycheck Protection Program and SARORAS Private Capital.

  • Who are Ninth Wave's competitors?

    Competitors of Ninth Wave include FiSpan.

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