Last updated:
There are 4,114
FinTech
startups in
Australia
which include
Zip, Afterpay, Airwallex, MYOB, Tyro.
Here is the list of top
10
FinTech
startups in
Australia
1. Zip
Provider of an online platform for point-of-sale financing. Its features allow users to purchase products within the partnered merchant network and pay in monthly instalments. It features a merchant portal enabling businesses to sell products with buy now pay later options to the end customers. It allows users to manage money by linking their bank accounts and also offers tools for fraud prevention, risk management, and social scoring. The application is available on Android and iOS platforms.
Key facts about Zip
- Founded Year: 2013
- Location: Sydney (Australia)
- Stage: Public
- Funding: $15.4M
- Investors: Westpac, Cooper and3 Others
- Tracxn Score: 84/100What is this?
- Competitors Rank: 1 of 112 Competitors
2. Afterpay
Provider of an online platform for point of sale financing. It enables users to make installment payments for purchased products at partnered stores. Payments can be made via credit/debit cards, wallets, and more. It also provides solutions to retailers for facilitating purchase financing. The application is available on Android and iOS platforms. The platform also aggregates products and deal offers to customers.
Key facts about Afterpay
- Founded Year: 2014
- Location: Melbourne (Australia)
- Stage: Acquired
- Funding: $35.4M
- Investors: Matrix, Tencent and14 Others
- Tracxn Score: 80/100What is this?
- Competitors Rank: 4 of 140 Competitors
3. Airwallex
Cross-border payment processing solution for businesses. It provides tools to collect international payments, deposit funds, and make payments. It offers current FX rates and APIs to automate foreign exchange, collections, and payments. Also provides business payment cards for domestic and international payment needs.
Key facts about Airwallex
- Founded Year: 2015
- Location: Melbourne (Australia)
- Stage: Series F
- Funding: $1.1B
- Investors: Index Ventures, Sequoia Capital and34 Others
- Tracxn Score: 78/100What is this?
- Competitors Rank: 2 of 300 Competitors
4. MYOB
Platform offering cloud based accounting and ERP software for businesses. It features solutions for payroll management, GST preparation, digital quotation and invoicing, payment automation, bills and expense management, income and expense monitoring, inventory management, budgeting, financial forecasting, and more. Its pricing is available on a monthly subscription plan.
Key facts about MYOB
- Founded Year: 1991
- Location: Cremorne (Australia)
- Stage: Acquired
- Investors: Bain Capital Private Equity, CVC and5 Others
- Tracxn Score: 76/100What is this?
- Competitors Rank: 9 of 4,964 Competitors
5. Tyro
Provider of POS solutions for retail stores. It enables businesses for accepting payments via credit, debit, gift, loyalty, and medicare cards. It also facilitates contactless payments with its tap-and-go features. It also provides a dashboard for monitoring and managing transactions.
Key facts about Tyro
- Founded Year: 2003
- Location: Sydney (Australia)
- Stage: Public
- Funding: $103M
- Investors: Tiger Global Management, TDM Growth Partners and6 Others
- Tracxn Score: 75/100What is this?
- Competitors Rank: 6 of 204 Competitors
6. Judo Bank
Digital bank for businesses. It is a challenger bank that lends to small and medium-sized businesses in Australia. It is Australia’s third-largest bank lender to the business sector and provides loans including lines of credit, business loans, and equipment loans to businesses.
Key facts about Judo Bank
- Founded Year: 2016
- Location: Melbourne (Australia)
- Stage: Public
- Funding: $1.2B
- Investors: Credit Suisse, Goldman Sachs and15 Others
- Tracxn Score: 73/100What is this?
- Competitors Rank: 1 of 5 Competitors
7. Prospa
Prospa provides an online platform for business loans. It offers loans such as working capital loans, credit lines, equipment financing, and more. It offers loans on the basis of the product to be financed, loan term, credit assessments, and more. Businesses can register via the platform.
Key facts about Prospa
- Founded Year: 2011
- Location: Sydney (Australia)
- Stage: Public
- Funding: $122M
- Investors: The Carlyle Group, Partners For Growth and11 Others
- Tracxn Score: 71/100What is this?
- Competitors Rank: 1 of 122 Competitors
Client communication solutions for capital markets. It offers companies various services related to stakeholder management. Its services offered include corporate trust service, customer engagement, issue services, private capital solutions, and more. It features loan applications, customer onboarding, mortgage-backed securities, and more.
Key facts about Computershare
- Founded Year: 1978
- Location: Melbourne (Australia)
- Stage: Public
- Investors: Argo Investments, Nadavon Capital Partners and2 Others
- Tracxn Score: 70/100What is this?
- Competitors Rank: 1 of 159 Competitors
9. Iress
Online provider of wealth management solutions for financial markets. It streamlines data and workflow for financial markets and wealth managers. Its products include IRESS, equity & derivative market solutions for trading, market data, & portfolio management. It also offers comprehensive tools for financial planners & risk managers that offer a range of solutions for client management, business management, and financial planning. Private Wealth is an integrated online desktop for portfolio managers and private client advisers, and more.
Key facts about Iress
- Founded Year: 1993
- Location: Melbourne (Australia)
- Stage: Public
- Investors: Argo Investments, AMCIL and3 Others
- Tracxn Score: 68/100What is this?
- Competitors Rank: 1 of 164 Competitors
10. MoneyMe
Provider of an online platform for consumer loans. It offers multiple consumer loan products including personal loans, point of sale financing, debt consolidation loans, cash advance loans, and more. It provides virtual credit cards that enable users to purchase goods within the merchant network and pay in monthly installments. It also offers a merchant portal that enables businesses to register and provide a point of sale financing to the end customers. The application is available on Android and iOS platforms.
Key facts about MoneyMe
- Founded Year: 2013
- Location: Sydney (Australia)
- Stage: Series B
- Funding: $66.2M
- Investors: Fortress Investment, Reinventure Group and4 Others
- Tracxn Score: 68/100What is this?
- Competitors Rank: 1 of 62 Competitors
