Australian fintechs are looking offshore for success, hampered by the funding climate and regulatory complexity account to the latest EY FinTech Australia Census. The eighth census, a collaboration between Ernst & Young and industry group FinTech Australia, reveals a mature sector that overall is performing well. A record 88% of respondents said they are post-revenue,… Read more »
Australia’s fintech ecosystem saw record investor capital, strong job creation and a growing focus on international expansion during the pandemic, according to the 2021 EY FinTech Australia Census. The sixth annual Census, a collaboration between Ernst & Young and FinTech Australia, reveals a dramatic increase in the proportion of fintechs whose capital raising expectations were… Read more »
39% of local fintechs have more than 500 paying customers, up from just 27% in 2019 72% of fintechs say the COVID-19 pandemic had a negative impact on their capital raising ability Payments, wallets and supply chain (30%) and lending (20%) are now the top two types of fintech services The Australian fintech sector… Read more »
Almost 70 percent of Australian fintech startups are post-revenue and 19 percent are profitable, median revenue growth across the sector up 2.25x on 2017, a report has found.