FinTech Australia Announces 2020 Finnies Award Winners

October 28, 2020 — Airwallex and Athena Home Loans, Brighte and Wisr are among the biggest winners of the virtual Finnie Awards. 

Airwallex took home a total of four awards including Fintech Organisation of The Year, Excellence in Payments and the new People’s Choice award for Organisation of The Year. The company’s President and co-founder Lucy Liu was also named Emerging FinTech Leader of the Year.

Athena Home Loans was awarded the Excellence in Consumer Lending and for the second year in a row the Emerging FinTech Organisation of The Year. Brighte’ Katherine McConnell was named Female Fintech leader of the year. The company also took out the award for Best Workplace Diversity.  (more…)

Australian fintech sector maintains momentum, despite COVID-19 and capital constraints

  • 39% of local fintechs surveyed now have more than 500 paying customers, up from just 27% in 2019
  • 72% of fintechs say the COVID-19 pandemic has 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, largely driven by a step-change in consumer digital adoption and the rise of the buy now pay later sector

Despite the challenges of operating during a global pandemic, the Australian fintech industry is still managing to sustain its revenue base, attract more paying customers than ever before and plan for future global expansion, according to the EY FinTech Australia Census 2020 (“Census”). (more…)

Member Spotlight: XBert

Against the unprecedented global economic crisis tools that provide financial risk alerts, data accuracy, visibility and real-time insights, like the products offered by SaaS fintech and 2020 Finnies finalist XBert, have proven essential for business owners, accountants, bookkeepers and advisors.

Since launching publicly at leading cloud accounting provider Xero’s Xerocon event in September 2019, XBert’s been making waves in Australia and overseas. Now, XBert’s secured an AusIndustry Entrepreneurs’ Programme Accelerating Commercialisation grant (“grant”) and is ready to go big on a global scale!

For this week’s Member Spotlight, we spoke with Troy Brown, co-founder and co-director of XBert about the grant process (including some helpful tips), the challenges they encountered and what’s on the horizon.