Before we get to the good stuff, we wanted to offer context which underscores just how much of an achievement it is to make this shortlist. This year there was a massive 237 entries for the Finnie Awards across all 18 categories (not including Biggest Raise of the Year). That’s 30 per cent more than last year.
As the finance sector deals with the fallout, fintech startups are taking note of both the lessons to be learned and the opportunities that have emerged.
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.
Fintech Australia partners with small business ombudsman to lead charge for transparency among fintech lenders
As fintech lenders come to dominate the lending landscape for small business, FinTech Australia is leading the charge for more transparency in the industry.
Australian fintech startups are seeing median revenues of $95,000 a month, up from a median of $30,000 a month last year, the 2017 Fintech Australia census has found.
Industry association Fintech Australia is today launching Insurtech Australia as a standalone division focused on representing insurtech startups and others working within the space.
The Federal Government has today revealed a new legislative package that will allow private companies to access equity crowdfunding.
Looking to further the development of the Victorian fintech sector, the state government has announced its plans to establish a fintech hub in Melbourne.
After a few months on the shelf, the Government has returned to the issue of equity crowdfunding, introducing a new bill into Parliament yesterday.
FinTech Australia receives $200,000 in funding from Federal Treasury to promote Australian fintech ecosystem
Australia’s peak fintech body, FinTech Australia has received a $200,000 funding grant from the Federal Treasury to promote Australia as a world leading fintech destination.
International fintech organisation Innovate Finance has today announced the launch of Global FinTech Hubs Federation [GFHF] to help foster innovation and collaboration across the global fintech industry. GFHF will enable participants from around the world to gain an influential point of engagement with international stakeholders and like-minded organisations.
As far as the startup landscape goes, the fintech sector has emerged as the real winner of Treasurer Scott Morrison’s 2016 Budget. A key focus has been made on supporting innovative ideas to ensure Australia is a leading destination for fintech companies and global disruptors.
The Australian fintech ecosystem has been ranked as one of the top seven globally in a report released today by Ernst & Young. The report examined access to talent and capital, an ecosystem’s regulatory environment, and demand among consumers for innovation in the financial space.