{"id":2882,"date":"2016-09-12T09:50:40","date_gmt":"2016-09-12T09:50:40","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=2882"},"modified":"2019-04-12T17:22:02","modified_gmt":"2019-04-12T17:22:02","slug":"australia-overview-of-the-australian-fintech-ecosystem","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/","title":{"rendered":"Australia: Overview of the Australian FinTech ecosystem – Part I"},"content":{"rendered":"

Australia has experienced 25 years of uninterrupted growth fuelled by a strong Chinese\u00a0demand for natural resources, the resulting boom in mining and a flourishing housing\u00a0industry. <\/strong><\/p>\n

Those industries have provided great liquidity to the financial sector and filled the\u00a0loan books of banks – making the Australian \u2018Big 4\u2019 among the world\u2019s most profitable banks.\u00a0But due to China\u2019s slower growth and the mining\/housing boom stagnating, Australia must\u00a0look for new avenues of growth. FinTech might be where the future lies for Australia.<\/p>\n

Key FinTech\u00a0figures and facts<\/h3>\n

In 2015, the total market size of the Australian Fintech Sector was estimated at A$247.2m<\/strong>. It is estimated to grow at a CAGR\u00a0of 76.36%<\/strong> and reach A$4.2 billion<\/strong> by 2020; out of which A$1 billion will be completely new added value to the Australian economy.<\/p>\n

FinTech could take 20-30% bank<\/strong> revenue in the next 3 years; that’s a $25 billion<\/strong> opportunity for startups in Australia alone<\/p>\n

Around 300 FinTech startups<\/strong>: between 150 to 200 in Sydney, another 100 in Melbourne and a few growing in Brisbane.<\/p>\n

Still nascent: many at a seed or early-stage. But growing very fast.<\/p>\n

Australian examples of international success in Fintech are fostering a more entrepreneurial mindset: Mike Cannon-Brookes (founder of\u00a0Atlassian, a software provider to businesses), Matt and Greg Symons (founders of SocietyOne, a P2P Lending marketplace), Realestate.com (N\u00b01 Australian real-estate investment platform).<\/p>\n

FinTech hubs and communities<\/h3>\n

[tabs tab1=”Stone & Chalk” tab2=”Tyro” tab3=”FinTech Australia” tab4=”Fishburners” tab5=”FinTech Melbourne”]
\n[tab]<\/p>\n

\"techfoliance_australia_stonecholk_fintech-hub\"<\/a><\/p>\n

Stone & Chalk<\/strong><\/a> is an independent, not-for-profit Fintech hub. It opened in 05\/2015, with Amazon, American Express, AMP, ANZ, Westpac, Oracle, Macquarie Group, and\u00a0Woolworths as founding partners. It hosts 71 FinTech start-ups. In February 2016, Stone&Chalk\u2019s CEO Alex Scandurra, Australian Treasurer Scott Morrison, and New South\u00a0Wales Premier Mike Baird, announced Stone & Chalk’s 12-week Fintech Asia program. This aims at establishing Sydney as a leading FinTech hub in Asia. Other initiatives:\u00a0\u2018Government as a Customer\u2019 (to help the government open up its procurement spend to start-ups at both State and Federal level), \u2018Women in FinTech\u2019, the launch of the\u00a0National Fintech Cyber Security Summit in partnership with KPMG, the AICC (Australia Israel Chamber of Commerce) and the CSIRO\u2019s Data61 (research in Big Data and\u00a0cybersecurity).<\/p>\n

[\/tab]
\n[tab]<\/p>\n

\"techfoliance_australia_tyro_fintech-hub\"<\/a><\/p>\n

While many FinTechs look to partner up with the big banks, Tyro<\/strong><\/a> wants to directly compete with them. Tyro is both an electronic payment provider for merchants and a Fintech hub welcoming other disruptive FinTech startups offering solutions to businesses – a market still under-served by the major banks. Tyro was recently granted a full banking license and closed a $100 million investment round, which will allow it to transform into a \u201cnext generation bank\u201d, according to CEO Jost Stollmann.<\/p>\n

[\/tab]
\n[tab]<\/p>\n

\"techfoliance_australia_fintech-australia-association\"<\/a><\/p>\n

Founded in 10\/2015, Australia\u2019s FinTech industry association<\/strong><\/a> comprises over 70 startups, VC funds, hubs and accelerators that specialise in FinTech. It is advocating for better policy on behalf of its members, now especially in Robo-Advice, RegTech, Open Data and Blockchain and it is feeding directly into policy makers and the Government.<\/p>\n

[\/tab]
\n[tab]<\/p>\n

\"techfoliance_australia_fishburners\"<\/a><\/p>\n

Fishburners<\/strong><\/a> is a coworking space for tech start-ups located in the center of Sydney.<\/p>\n

[\/tab]
\n[tab]<\/p>\n

\"techfoliance_australia_fintech-melbourne-association\"<\/a><\/p>\n

The home of FinTech Melbourne<\/strong><\/a>, sponsored by EY, ANZ, The University of Melbourne and York Butter Factory. Led by Andrew Lai and Alan Tsen.<\/p>\n

[\/tab]
\n[\/tabs]<\/p>\n

Australian universities launching Tech incubators<\/h3>\n

In 2013, Google partnered with the University of Sydney to extend its entrepreneurial accelerator program INCUBATE to other universities across the country. Start-ups receive a A$5,000 grant, access to co-working space and mentoring.<\/p>\n

University of News South Wales cofounded\u00a0the tech incubator ATP Innovations, the University of Melbourne\u2019 founded MAP and the University of Queensland founded Ilab.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia has experienced 25 years of uninterrupted growth fuelled by a strong Chinese\u00a0demand for natural resources, the resulting boom in mining and a flourishing housing\u00a0industry. Those industries have provided great liquidity to the financial sector and filled the\u00a0loan books of banks – making the Australian \u2018Big 4\u2019 among the world\u2019s most profitable banks.\u00a0But due to […]<\/p>\n","protected":false},"author":13,"featured_media":2914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2176],"tags":[269,970,911,966,658,965,406,534,967,964,213,969,943,968],"yoast_head":"\nAustralia: Overview of the Australian FinTech ecosystem - Part I - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Overview of the Australian FinTech ecosystem - Part I - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"Australia has experienced 25 years of uninterrupted growth fuelled by a strong Chinese\u00a0demand for natural resources, the resulting boom in mining and a flourishing housing\u00a0industry. Those industries have provided great liquidity to the financial sector and filled the\u00a0loan books of banks – making the Australian \u2018Big 4\u2019 among the world\u2019s most profitable banks.\u00a0But due to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\" \/>\n<meta property=\"og:site_name\" content=\"INVYO Insights Europe\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-12T09:50:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-12T17:22:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/09\/Techfoliance_australia_fishburners.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fintech Twins\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fintech Twins\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\"},\"author\":{\"name\":\"Fintech Twins\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/#\/schema\/person\/ea44d7805177fb9855a262cd4a76da6c\"},\"headline\":\"Australia: Overview of the Australian FinTech ecosystem – Part I\",\"datePublished\":\"2016-09-12T09:50:40+00:00\",\"dateModified\":\"2019-04-12T17:22:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\"},\"wordCount\":619,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/#organization\"},\"keywords\":[\"australia\",\"Brisbane\",\"co-working\",\"Fintech Autralia\",\"fintech hubs\",\"FinTech Melbourne\",\"Fintech road trip\",\"Fintech Twins\",\"Fishburners\",\"Melbourne\",\"P2P Lending\",\"Stone & Chalk\",\"Sydney\",\"Tyro\"],\"articleSection\":[\"Mapping\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\",\"url\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\",\"name\":\"Australia: Overview of the Australian FinTech ecosystem - Part I - INVYO Insights Europe : Media Fintech\",\"isPartOf\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/#website\"},\"datePublished\":\"2016-09-12T09:50:40+00:00\",\"dateModified\":\"2019-04-12T17:22:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/insights.invyo.io\/europe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australia: Overview of the Australian FinTech ecosystem – Part I\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/#website\",\"url\":\"https:\/\/insights.invyo.io\/europe\/\",\"name\":\"INVYO Insights Europe\",\"description\":\"Media Fintech\",\"publisher\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insights.invyo.io\/europe\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/#organization\",\"name\":\"INVYO\",\"url\":\"https:\/\/insights.invyo.io\/europe\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2019\/01\/logo-invyo-insights-dark.svg\",\"contentUrl\":\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2019\/01\/logo-invyo-insights-dark.svg\",\"caption\":\"INVYO\"},\"image\":{\"@id\":\"https:\/\/insights.invyo.io\/europe\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/#\/schema\/person\/ea44d7805177fb9855a262cd4a76da6c\",\"name\":\"Fintech Twins\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insights.invyo.io\/europe\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/09\/Techfoliance_fintech-twins_contributor-150x150.png\",\"contentUrl\":\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/09\/Techfoliance_fintech-twins_contributor-150x150.png\",\"caption\":\"Fintech Twins\"},\"sameAs\":[\"https:\/\/fintechtwins.net\/\"],\"url\":\"https:\/\/insights.invyo.io\/europe\/author\/fintech-twins\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Australia: Overview of the Australian FinTech ecosystem - Part I - INVYO Insights Europe : Media Fintech","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/","og_locale":"en_US","og_type":"article","og_title":"Australia: Overview of the Australian FinTech ecosystem - Part I - INVYO Insights Europe : Media Fintech","og_description":"Australia has experienced 25 years of uninterrupted growth fuelled by a strong Chinese\u00a0demand for natural resources, the resulting boom in mining and a flourishing housing\u00a0industry. Those industries have provided great liquidity to the financial sector and filled the\u00a0loan books of banks – making the Australian \u2018Big 4\u2019 among the world\u2019s most profitable banks.\u00a0But due to […]","og_url":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/","og_site_name":"INVYO Insights Europe","article_published_time":"2016-09-12T09:50:40+00:00","article_modified_time":"2019-04-12T17:22:02+00:00","og_image":[{"width":900,"height":600,"url":"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/09\/Techfoliance_australia_fishburners.jpg","type":"image\/jpeg"}],"author":"Fintech Twins","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fintech Twins","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#article","isPartOf":{"@id":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/"},"author":{"name":"Fintech Twins","@id":"https:\/\/insights.invyo.io\/europe\/#\/schema\/person\/ea44d7805177fb9855a262cd4a76da6c"},"headline":"Australia: Overview of the Australian FinTech ecosystem – Part I","datePublished":"2016-09-12T09:50:40+00:00","dateModified":"2019-04-12T17:22:02+00:00","mainEntityOfPage":{"@id":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/"},"wordCount":619,"commentCount":0,"publisher":{"@id":"https:\/\/insights.invyo.io\/europe\/#organization"},"keywords":["australia","Brisbane","co-working","Fintech Autralia","fintech hubs","FinTech Melbourne","Fintech road trip","Fintech Twins","Fishburners","Melbourne","P2P Lending","Stone & Chalk","Sydney","Tyro"],"articleSection":["Mapping"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/","url":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/","name":"Australia: Overview of the Australian FinTech ecosystem - Part I - INVYO Insights Europe : Media Fintech","isPartOf":{"@id":"https:\/\/insights.invyo.io\/europe\/#website"},"datePublished":"2016-09-12T09:50:40+00:00","dateModified":"2019-04-12T17:22:02+00:00","breadcrumb":{"@id":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/mapping\/australia-overview-of-the-australian-fintech-ecosystem\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/insights.invyo.io\/europe\/"},{"@type":"ListItem","position":2,"name":"Australia: Overview of the Australian FinTech ecosystem – Part I"}]},{"@type":"WebSite","@id":"https:\/\/insights.invyo.io\/europe\/#website","url":"https:\/\/insights.invyo.io\/europe\/","name":"INVYO Insights Europe","description":"Media Fintech","publisher":{"@id":"https:\/\/insights.invyo.io\/europe\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insights.invyo.io\/europe\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insights.invyo.io\/europe\/#organization","name":"INVYO","url":"https:\/\/insights.invyo.io\/europe\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insights.invyo.io\/europe\/#\/schema\/logo\/image\/","url":"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2019\/01\/logo-invyo-insights-dark.svg","contentUrl":"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2019\/01\/logo-invyo-insights-dark.svg","caption":"INVYO"},"image":{"@id":"https:\/\/insights.invyo.io\/europe\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insights.invyo.io\/europe\/#\/schema\/person\/ea44d7805177fb9855a262cd4a76da6c","name":"Fintech Twins","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insights.invyo.io\/europe\/#\/schema\/person\/image\/","url":"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/09\/Techfoliance_fintech-twins_contributor-150x150.png","contentUrl":"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/09\/Techfoliance_fintech-twins_contributor-150x150.png","caption":"Fintech Twins"},"sameAs":["https:\/\/fintechtwins.net\/"],"url":"https:\/\/insights.invyo.io\/europe\/author\/fintech-twins\/"}]}},"_links":{"self":[{"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/posts\/2882"}],"collection":[{"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/comments?post=2882"}],"version-history":[{"count":0,"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/posts\/2882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/media\/2914"}],"wp:attachment":[{"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/media?parent=2882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/categories?post=2882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.invyo.io\/europe\/wp-json\/wp\/v2\/tags?post=2882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}