The Victorian Government understands the importance of building an ecosystem in which fintech businesses are nurtured and encouraged. Melbourne’s concentrated finance sector delivers considerable margins with room for fintech to disrupt and grow.
Meet the Victorian fintechs
i2i Logic digitises the commercial and corporate banker workflow from prospecting to account planning to interactive client meetings through its Insight Platform – a client facing digital tool that puts data and analytics into the hands of the frontline banker.
Apromore is a cutting-edge no-code process intelligence technology that leverages Al and advanced analytics to deliver rapid time-to-value for organizations. At its core, Apromore leverages the concept of digital twins, creating virtual replicas of real-world processes for in-depth analysis and optimisation.
LAB Group is a leading international RegTech, providing an innovative digital Know-Your-Client (KYC) & onboarding platform that revolutionises the customer journey from the very first steps. Since 2010, LAB's platform has helped enterprise clients to fulfill their Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF) regulatory obligations while saving time and resources by providing a high degree of automation for account creation and customer lifecycle management.
LEXTECH is a cloud based, on demand cross-platform settlement system that can be used by anyone at any time. At LEXTECH, we have created a platform that upholds total transparency between parties, ensuring that all involved receive current and updated information live, resulting in far more efficient settlement process.
Australian company profiles
About Melbourne's fintech ecosystem
Melbourne offers an unrivalled opportunity to develop cutting-edge fintech products and services and take them to the world.
Melbourne’s fintech sector is driving advancements in banking and payments, credit and lending, insurance and wealth management – and is opening global financial services to more than just banks.
Global companies are locating in Melbourne, Australia to expand internationally.
Today, Melbourne is already home to over 330 fintech start-ups, including unicorns – Afterpay, Judo Capital, MYOB and PEXA – as well as global fintech companies such as Worldline, Square, Revolut, Stripe, Transfermate, GoCardless and TradePlus 24.
Financial services is the largest industry in Victoria, accounting for A$49.3 billion in Gross Value Add, representing 11% of Victoria’s Gross State Product and employing approximately 130,000 people.
Two of Australia’s top four international banks, NAB & ANZ, Australia’s two largest health insurance funds, Medibank & BUPA and top industry super funds Australian Super & UniSuper call Melbourne home.
Victoria’s fintech talent pool outperforms other jurisdictions across the APAC region with more professionals skilled in software development compared to Singapore and Hong Kong. Victoria’s tech workforce is one of the most highly educated in Australia, with over 70% of its 279,000 tech workers holding a bachelor’s degree or higher.
Visit the Invest Victoria website to read more about Melbourne’s fintech proposition
The Fintech Australia Ecosystem Map
The FinTech Australia Ecosystem Map is free to use and lists all fintech's in Australia, allowing any stakeholder to evaluate the sector by categories and headquarters location.
Contact us
The Victorian Government’s Trade and Investment (VGTI) office network is the largest of any state or territory in Australia. There are four VGTI offices across the UK and Europe led by Victoria’s Commissioners, Tim Dillon (Agent-General UK & Commissioner for Victoria in Europe) and Gönül Serbest (Commissioner for Victoria to Europe).
Contact our team so we can connect you with Melbourne's fintech ecosystem.
Paris office
ANNE HIAG
Trade Director, Europe
22 Rue Chauchat
75009 Paris, France
E: anne.hiag@global.vic.gov.au
Frankfurt office
THORSTON TERWEIDEN
Investment Director, Dach
Mainzer Landstrasse 49 D-60329 Frankfurt Germany
E: thorsten.terweiden@global.vic.gov.au
London office
JEREMY EAMES
Trade Manager, UK and Europe
Victoria House, Melbourne Place
Strand, London WC2B 4LG
United Kingdom
E: jeremy.eames@global.vic.gov.au
Melbourne office
TROY TOOHEY
Trade Manager, Technology, Health and Sports
Level 33, 121 Exhibition St
Melbourne, Australia 3000
E: troy.toohey@global.vic.gov.au