Celebrating organisational excellence in fintech: Finnies 2025
As FinTech Australia celebrates its tenth anniversary, BDO is proud to continue our long-standing support of this community and honoured to sponsor the Fintech Organisation of the Year award at this year’s Finnies.
As one of the world’s leading audit, tax, and advisory firms, BDO is deeply committed to supporting innovation, trust, and growth across the fintech ecosystem, providing expert guidance to fintech companies at every stage of growth - from startups to scale-ups and beyond.
Our core purpose - helping people achieve their dreams – drives our support for the fintech sector.
In a rapidly evolving landscape, we believe in the power of ideas, the strength of relationships, and the importance of trust to help fintechs continue to grow and thrive.
These key values are reflected in the work of this year’s finalists for the Fintech Organisation of the Year, who are redefining what it means to be a fintech leader, both here in Australia, and beyond.
We are proud to introduce the finalists for this prestigious award and highlight how they are delivering transformative new financial services offerings to their customers through the innovative use of technology. Their efforts are helping to shape a more inclusive, accessible, and sustainable financial future.
We celebrate the efforts of this year’s nominees of the Fintech Organisation of the Year award and extend our well wishes to each of them for the awards night!
If you’d like to explore how BDO can help your fintech thrive in a rapidly evolving landscape, contact your local BDO fintech experts today, or subscribe to our updates for the latest insights.
Introducing this year’s nominees for the 2025 Finnies Fintech Organisation of the Year award
Banked
Ben Zyl, Country Lead, Banked Australia
Banked is now the global leader in Pay by Bank, pioneering real-time payments for consumers, businesses, and banks across the world to improve customer experience, payment security, business efficiency, and cost effectiveness. We enable fast and secure payments straight from a user's bank account.
We work with NAB in Australia as the Pay by Bank provider within its business banking ecosystem. Banked also works directly with local merchants to enable a range of customised real-time payment solutions. We consider ourselves the leading Australian Pay by Bank provider because we can deliver any form of real-time payment at scale. Most recently we have proven this through our partnership with NAB to introduce Pay by Bank (via PayTo) on Amazon Australia’s site - one of the first tier one retailers worldwide that is successfully using Pay by Bank. We have also launched the first in-store Pay by Bank in Australia across Chemist Warehouse outlets around the country, in partnership with rewards and cashback platform ShopBack.
Australia is unexpectedly emerging as a global epicentre for real-time and digital payments, thanks to the development of the purpose-built New Payments Platform (NPP), which is a huge opportunity both for the local fintech sector and Australian businesses and consumers.
Banked's Australian arm has become core to the company's global growth, and launching Pay by Bank on Amazon Australia in partnership with NAB is the first of many developments Banked is working on.
Finmo
David Hanna, CEO
Finmo is a global financial technology company redefining how modern finance teams manage finance and treasury operations.Our unified platform brings together payments, cash and liquidity management, FX risk mitigation, and financial system connectivity into a single, intelligent solution. Trusted by leading enterprises and fintechs, Finmo gives CFOs real-time visibility, control, and efficiency across global financial workflows. With regulatory presence across Singapore, Australia, New Zealand, Canada, and the United States, we’re committed to building a smarter, faster, and more resilient financial infrastructure for the digital economy.
This year, we marked two major milestones: raising our Series A to accelerate growth, and launching our AI-powered finance co-pilot — a GPT-style conversational assistant that helps CFOs find answers on our platform and take action instantly, no digging required.
When considering the benefits of industry collaboration, we see huge potential in Australia’s fintech ecosystem, and believe that greater collaboration between startups, incumbents, and regulators is the key to unlocking global competitiveness. At Finmo, we’re doing our part by investing in open infrastructure, regulatory alignment, and partnerships that empower Australian businesses to scale across borders confidently.
FrankieOne
Aarron Chipper, CTO and Co-Founder
FrankieOne is a market-leading Australian RegTech company delivering a unified, API-first orchestration platform for identity verification, fraud prevention, and compliance. In the past year, we’ve launched AI-powered tools like Trust Reader and Workflow Builder, reducing onboarding times, increasing Know Your Customer (KYC) pass rates by up to 15 per cent, and giving customers real-time control over risk and compliance workflows. These innovations have helped drive 132 per cent annual recurring revenue (ARR) growth, with nearly half of our revenue now coming from global markets.
We believe Australia’s fintech sector has a unique opportunity to lead globally by building smarter, scalable infrastructure that meets both innovation and regulatory demands. Collaboration across the industry particularly in fraud intelligence and onboarding orchestration, will accelerate that vision. At FrankieOne, we contribute by enabling financial institutions to adapt faster, remain compliant, and expand globally through a single, flexible platform that connects to over 350 identity, fraud, and anti-money laundering (AML) data sources.
Monoova
Christian Westerlind Wigstrom, Co-Founder & CEO
Monoova is a leading Australian payments automation platform, enabling businesses to move and manage money seamlessly at scale. Through our clients, we estimate that we transact with more than 10 per cent of all Australians.
This year, we launched the Monoova Ledger, an enhanced reconciliation tool. The Ledger is designed to facilitate reconciliation for industries beyond fintech, such as payroll, insurance, and online marketplaces. Already, we are seeing exciting engagements with businesses who have previously been less likely to consider a fintech provider.
All industries rely on financial services, and Australian fintechs exist to push better, faster and safer financial products using technology. This, in turn, allows other sectors to launch better, faster and safer goods and services of their own. The fintech community plays a critical role in accelerating innovation and global competitiveness, and at Monoova, we contribute to this vision by building the payments capability supporting Australian companies both locally and globally – one seamless payment at a time.
Nimo Industries
Leann Jones, Chief Executive Officer, and Peter Jones, Chief Operating Officer
Nimo is revolutionising business and consumer lending in Australia and beyond. As the country’s only proprietary end-to-end digital lending platform built specifically for financial services, Nimo unites banks, brokers and borrowers in a single ecosystem — one platform supporting 24 loan types, more than 50 integrated third-party services and over 500 new features delivered in the past two years.
With out-of-the-box digitalisation, lenders achieve approvals in minutes, same-day settlements, and up to 78 per cent cost savings per loan.
Beyond technology, Nimo is enabling fintech inclusion, powering market-firsts like Australia’s first Sharia-compliant digital home loan with Salaam Finance, and helping non-bank lenders launch and scale with ease.
We believe Australia’s fintech community thrives on collaboration. By fostering inclusion, sharing infrastructure, shaping standards, and fostering open ecosystems, we all go further.
Nimo leads by example — connecting partners, simplifying adoption and setting new benchmarks in digital lending locally and globally.
pay.com.au
Grant Austin, Co-Founder and CEO
At pay.com.au, we revolutionise business payments by offering a streamlined platform that empowers businesses to pay staff, suppliers, and government invoices with ease—while earning valuable rewards.
Over the past year, the expansion of our PayRewards program has been a game-changer. What started with fewer than five transfer partners a year ago has now grown to 12 – and counting – including top names like Qantas Business Rewards, Singapore Airlines KrisFlyer, Qatar Airways Privilege Club, Marriott Bonvoy, and more. This growth has allowed businesses to earn rewards points on every payment and redeem them across a wide range of partners. Our growing customer base of 50,000 small and medium enterprises (SMEs) can now directly redeem rewards for gift cards, invoices, donate their points, or transfer them to staff, family, and friends, offering unprecedented flexibility.
This approach has built deeper relationships with our customers, driving higher engagement and satisfaction, as we see PayRewards members continuing to return for regular payments and point redemptions.
Looking ahead, the Australian fintech community can accelerate innovation and global competitiveness by fostering collaboration across sectors. At pay.com.au, we’re committed to driving innovation in B2B payments and positioning Australia as a global fintech leader.
upcover
Anish Sinha, Co-founder & COO
upcover is Australia and New Zealand’s only digital insurance platform tailored for fintech, startups and small businesses. Trusted by more 60,000 businesses and working with over 30 local and global insurance partners, upcover delivers market leading coverage for fast-growing, innovative businesses.
The upcover platform offers products including Public & Products Liability, Professional Indemnity, Cyber Insurance, Directors Liability etc. for businesses of all sizes and across thousands of industries, including those in complex regulated spaces in Fintech, RegTech, Healthtech and Insurtech.
In the last six months, upcover has enabled several brands to launch digital programs of insurance for their business customers, and most recently, we’ve worked with Lawpath to launch this for their 500K+ small business customers.
As Australia's fintech ecosystem matures rapidly, the path to global competitiveness depends on deep collaboration across the sector. Startups, scaleups, regulators, investors, and enabling platforms must work to build shared infrastructure, co-create regulatory sandboxes that allow safe experimentation without stifling innovation and exchange data and evidence-based insights. We must also leverage international networks to build market access in Asia-Pacific, Europe and the United States.
upcover plays a critical role in the fintech ecosystem by providing tailored insurance products that help de-risk startups, accelerate market entry and support growth. We also offer policies that help customers meet local compliance standards in foreign jurisdictions, so fintechs can operate compliantly in highly regulated environments. Finally, our embedded insurance solutions for fintech platforms can help customers protect themselves from emerging risk categories like digital assets and cyber liability.
WeMoney
Disclaimer
This material should not be construed as a recommendation or endorsement of any particular product, service, bank or firm. BDO was not involved in the evaluation or selection of any award nominees or winners.
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