Revenues more than triple for Aussie fintechs

Revenues more than triple for Aussie fintechs

Australian fintechs have experienced, on average, a 208 per cent growth in monthly revenue since last year, according to the latest census of the industry by EY. A quarter of post-revenue fintechs – those that have begun making sales – reported year on year revenue growth had risen by more than 700 per cent. The census , now in its second year, surveyed 166 local fintech businesses, and found 54 per cent were prioritising overseas expansion, up from 38 per cent in the 2016 census. “The fact that the industry has experienced a tripling in median revenue is a […]