Rising from down under, Australia’s fintech market grows” Banking Innovation

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Increasing from down under, Australia’s fintech industry grows

There’s some glorious thunder down under, with a census exposing that the Australian fintech community has seen massive growth over the past year.According to the

yearly EY FinTech Australia census– based on study results from 166 fintech companies– it discovered that the country’s ecosystem has actually grown over the previous 12 months, seeing rapid growth with companies revelling in a 208% (or 3.1 times) yearly mean profits jump.From the census

, information likewise revealed about a quarter (24%) of fintechs are reporting their earnings development increased by more than 700%, with the increase in pattern predominant amongst business less than three years of ages.

Calum Parry Follow Calum at @CalumBankTech Sign up to our Daily News Digest Get FREE

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