KPMG has released a report stating that investment in Australian fintech has reached an all-time high of USD 1.91 billion.
KPMG, one of the Big Four global accountancy firms further stated that Australia’s success was bucking a global downward trend of falling investment (-3.7%). The company pointed out that notable investments included startup neobank Athena (USD 43.4 million), super fund manager Grow Super (USD 11.8 million) and insurance company Cover Genius (USD 10 million).
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