Australian Fintech: Leading The World
With over 800 fintech companies based in all Australian State and Territory capitals, Australia has one of the world’s most exciting and dynamic fintech industries. In fact, the Australian fintech industry is estimated to grow from a $250 million industry in 2015 to a $4 billion industry by 2020. Australia is suited on the doorstep to Asia, which is increasingly home to the world’s economic centre of gravity. This makes Australia a great location for companies wanting to establish their Asian regional headquarters. Australian fintech companies are also keen to explore opportunities to grow into international markets, including through forming partnerships with overseas fintechs.
The majority of Australian fintech firms are founded or led by experienced financial services professionals, who are passionate about finding new ways to deliver financial services to the benefit of customers. Fintech companies provide a diverse range of product offerings for businesses and retail consumers internationally.
Big wins. More to come.
Australia punches well above its weight in the global fintech arena. And more wins are on their way. Our “early adopter” and “can do” attitude, combined with a supportive regulatory environment means that we’re well placed to take advantage of the fintech revolution.
Make your next move.
FinTech Australia is here to assist with overseas expansion as well as bringing great companies and talent to our shores.
FinTech Australia regularly produces an “ecosystem map”, showing the different sectors in which members of our organisation operate.
It shows the diversity and complexity of the fintech landscape in Australia and how many businesses, both big and small, can easily utilise their tech across multiple areas.