Sydney fintech startup CurrencyVue has created a SaaS platform to streamline the whole process to help SMEs more easily identify FX risk. Founder of CurrencyVue Matthew Tyrrell said the platform aims to address the knowledge gap to help businesses make more informed hedging decisions and react quickly to market movements.
Professional services firm Ernst & Young has become the latest corporate to link up with a startup hub, announcing a partnership with Sydney fintech coworking space Stone and Chalk.
Venture capital-backed fintech companies in Asia raised $2.6 billion in the first quarter of 2016, according to KPMG’s latest Pulse of Fintech report, making up more than half of the $4.9 billion raised across 218 deals globally.
Stone & Chalk launches Sydney’s second Fintech hub, placing the city in a unique position to be a world leader in Fintech
FinTech is fast becoming a sought after space within Australia, especially at a corporate and government level. That probably has something to do with Australian financial technology companies being some of the best in the world. They are global, are growing rapidly and are serving both the consumer and enterprise markets. It is little wonder that cities like London are beginning to wine and dine our local founders playing in this space with free overseas trips and educational tours in the hopes of wooing them to move offshore and call its city home.
Sydney looks set to become the country’s leading FinTech space with Tyro, a new hub for FinTech startups, opening in the city’s CBD.
Less than a month out from the state election, NSW Premier Mike Baird this week unveiled a new fintech startup space which is set to open in the heart of the Sydney CBD in May.