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Australia is embracing a fintech future. Our fintech startups are young and ambitious and capitalising on a thriving financial services sector.

Our deep and liquid financial markets make a great place for fintechs to do business – whether you’re a startup or an established player. You’ll be joining a mature but innovative industry ecosystem with strong links to all major fintech markets around the world.

We’re looking for new fintech players to enter our market, and we’re supporting them to do it. There’s government support for fintechs to export financial services and for two blockchain pilots to reduce business compliance costs. 

Fintech startups are also entitled to tax offsets, and early-stage startups can claim a tax rebate of 62 cents for every dollar they spend on R&D.


Prime Minister Scott Morrison describes Australia’s fintech future

Open for business

Built on the strong foundations of our A$9.5 trillion financial services industry, our fintech sector is leading the world, with 700+ operations and 15 fintechs listed on the Australian Securities Exchange.

In Australia, regulators and industry are working together to create a ‘fintech-friendly’ environment.  We have secure and stable financial services regulations and a significant software and technology talent pool.


Developers at desk
Supplied by InDebted


Our fintech ecosystem includes incubators and accelerators, major banks, industry associations, venture capital firms and government. 

Our enhanced regulatory sandbox lets businesses test a wide range of products and services for 24 months without needing a financial services licence or a credit licence.

Fintech in Australia

According to the FinTech Australia EY Census, over three quarters of Australian fintechs are post-revenue, and one quarter of those companies have year-on-year growth of over 300%. 

This is no surprise with the many Australian organisations and incubators dedicated to helping startups and businesses succeed. These include:

Startup hubs are common in most Australian cities, for example, Stone & Chalk in Sydney, Melbourne and Adelaide, Haymarket HQ in Sydney and The Precinct in Brisbane.

Australia’s banks also invest directly into promising fintechs through their venture capital arms. For example, Reinventure and X15.


Eftpos at a cafe

Australia as a testing ground

Australians are enthusiastic adopters of new technology which makes us a great place  to trial new tech. We were one of the first testing grounds for contactless payments, for example. 

We’re popular as a testbed for Asian fintechs who want to enter western markets because we are demographically similar to much of Western Europe and North America. The population has high smartphone penetration and is digitally and financially literate. We have excellent financial inclusion with a banked population of nearly 100%.

Find out more about Australia’s growing financial services industry and our strong economic blueprint for the future.

7 Australian companies in KPMG’s 2019 Global Top 100 are Airwallex, Judo, Afterpay, Athena, Daisee, Slyp and Sempo

Fintech - two people at desk
Supplied by YBF Ventures

International fintech firms in Australia

  • OnDeck
  • CRiskCo
  • 10x Future Technologies
  • OakNorth


Anthony Eisen, CEO and Co-founder, Afterpay
Australia is rapidly becoming a major global technology and financial services hub. We have the talent, infrastructure, location and lifestyle necessary to be among the best in the world. As an Australian company, Afterpay is proud to play a role in making that happen.

The Australian Government’s support for innovation, through initiatives like the Global Talent Visa Program, help us attract the best talent globally and bring them to Australia. This is vital for us to compete on the international stage while growing jobs and skills in Australia. Over time, this also plays a critical role in fostering the next generation of local start-ups.
Anthony Eisen,
CEO and Co-founder, Afterpay