Fintech comes of age in Australia: Monthly revenues up 200% in 2017

Fintech comes of age in Australia: Monthly revenues up 200% in 2017

There are fewer pre-revenue startups and the number of fintechs aged under one year has dropped significantly. Fintech startups are making more money, they are planning overseas expansions and the market is made up of more mature companies, according to the new 2017 EY FinTech Census. The census, based on surveys with 166 Australian fintech companies, was launched today at the Collab/Collide Summit in Melbourne and revealed a maturing fintech market in Australia. Of particular note is the increased revenue in the fintech space. Median monthly revenue growth of post-revenue fintech companies is up 208% from June 2016 to […]