close
Share with your friends

Australian fintech landscape 2020

Australian fintech landscape 2020

2020 has been a bumper year for Australia’s fintech startup eco-system, with more than 100 fintechs added since September 2019.

1000

Also on home.kpmg

Illustration of a cityscape

The KPMG Fintech Landscape 2020, which captures the breadth and depth of fintech startups active and headquartered in Australia, provides a snapshot of the innovation taking place across the financial services technology sector. It shows a total of 733 currently active fintechs, up from 629 when the landscape was last released in September 2019.

Key insights from the KPMG Fintech Landscape 2020 include:

  • An increase in the number of fintechs within the lending category supported by new players in both consumer and SME lending sub-sectors, as well as an increase in Buy-Now-Pay-Later providers
  • Growth in blockchain and cryptocurrency-associated fintechs matches the general support and interest in the technology asset class across the past year.
  • The evolution of the neobank sector, even though a number of neobanks have been impacted by delays to APRA’s licensing process
  • Insurtech maintaining momentum on the back of impressive growth in 2019

The landscape is open to new submissions and suggested changes.

For any requests, please contact Braedon Reilly, Fintech Lead at KPMG High Growth Ventures or Dan Teper, Partner and Head of Fintech Australia.

For more detail read the press release.

Australian Financial Landscape 2020 cover

Download the full version

View, download and print the one-page snapshot which showcases the breadth of fintech companies operating in Australia.

©2021 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.


For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal