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 »
Consulting giant Ernst & Young has named seven Australian finalists in its annual EY Entrepreneur Of The Year awards. They include Chris Eigeland and Andrew Barnes, cofounders of the Queensland edtech unicorn Go1. Last year Go1 doubled its valuation to $2.8 billion after raising $140 million. Now in its 22nd year, the awards recognise people… Read more »
The annual Australian fintech census by consulting firm EY reveals the sector continues to grow strongly, despite the headwinds of the last 12 months, but founders face the same challenges and concerns when it comes to talent, salary costs and access to capital as other startups The 7th EY FinTech Australia Census report, collaboration between… 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 »
The 2019 EY FinTech Australia Census reveals the Hayne Financial Services Royal Commission was good for the local fintech sector 42% of fintechs say relationships with existing financial institutions improved over the past year 77% of fintechs are now post-revenue and median revenue has grown 80% from 2018 Nearly half report a stronger uptake of… 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.
Startup hub Tank Stream Labs has announced it’s branching out west, opening a new space in Perth in partnership with EY.
Australia is a leading market globally for adoption of new financial services technologies, according to a report from Ernst & Young, with a particular focus on money transfer and payment services.
Global professional services company EY has announced the acquisition of Melbourne-based IAM software provider, Open Windows.
Connecting early stage startups to seed funding, Tank Stream Labs has launched Seed Money, a new program giving startups the chance to pitch to investors.
Daily startup news and insights, delivered to your inbox.
