FinTech Australia selected as one of four tech peak bodies for Trade Diversification Network
FinTech Australia has welcomed the Federal Government’s announcement of the new Trade Diversification Network (TDN) and confirmed it has been selected as one of 40 national peak industry bodies that will work with Austrade to help Australian exporters diversify and grow into new markets.
The TDN is the delivery network for Austrade’s $50 million Accessing New Markets Initiative (ANMI), a surge program designed to help Australian businesses rapidly diversify into new export markets and build long-term economic resilience.
Earlier research from Deloitte and EY respectively found that 41% of fintechs having a geographical focus beyond Australia and half of the companies in the sector (50%) were generating revenue outside of Australia in 2023.
More broadly, nearly a third of Australia’s economic output is supported by trade, with one in four Australian jobs linked to exporting, making it critical that high-growth sectors such as fintech are included in national trade efforts.
As a member of the TDN, FinTech Australia will work alongside Austrade and other peak bodies to co-design targeted export activities for local fintechs.
This is expected to include trade missions, in-market showcases, capability-building programs and tailored support focused on priority regions such as Southeast Asia and other high-growth markets where Australian financial technology is already in demand.
FinTech Australia CEO Rehan D’Almeida said: “We’re thrilled to be one of four technology-focused peak bodies selected for this program. Fintech is already one of Australia’s quiet export success stories.
“Our members are already building products that are used well beyond our shores, from payments and regtech to wealth and lending platforms. Geopolitical instability is changing priorities for the fintech sector. Many are looking at markets outside of the US and UK, and exploring opportunities in Europe, Asia and other regions. That’s especially the case with digital assets and stablecoins.”
“Being part of the Trade Diversification Network means fintech has a direct seat at the table as government and industry work together to open new doors and deepen long-term trade relationships with a broad range of countries.”
“This program will help capitalise on the existing appetite for Australian fintech expertise abroad. It will help us identify priority markets, address regulatory barriers and create more opportunities for our members to export at scale.”
“We’ve consistently argued that fintech should sit alongside more traditional sectors in trade policy. This announcement shows that digital financial services and technology are now recognised as part of Australia’s broader trade story, and we look forward to helping turn that recognition into tangible outcomes for founders and their teams.”
About FinTech Australia
FinTech Australia is the not-for-profit peak industry body for the Australian fintech sector, representing over 400 fintech companies and startups across the nation. Fintech Australia’s vision is to make Australia the leading market for fintech Innovation and Investment by working with both sides of government, industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.
