KPMG report finds that Australian fintech reached a peak

Monday 2 March 2020 10:35 CET | News

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). 

One of KMPG’s predictions for fintech in 2020 is the increasing attractiveness of cybersecurity companies to investors. With a distinct lack of cybersecurity talent in both Australia and New Zealand, this could be fertile ground for new innovators looking to capitalize.  

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Keywords: KPMG, study, Australia, fintech, financial technology, New Zealand, investment, cybersecurity, Big Four
Categories: Banking & Fintech | Payments General
Countries: Australia
This article is part of category

Banking & Fintech