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.
The Victorian fintechs
The Australian Fintech Delegation Directory
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.
Connect with our team
The Victorian Government’s Trade and Investment (VGTI) office network is the largest of any state or territory in Australia. Victoria has prioritised strengthening its relationship with Southeast Asia and has four VGTI offices located in Singapore, Malaysia, Indonesia and Vietnam.
With two-way merchandise trade between Victorian and Southeast Asia growing by over 50% in the last 5 years to $27.4 billion in FY2023 and Southeast Asia’s digital economy projected to be worth USD $1 trillion by 2030, our offices will drive new opportunities and raise the profile of Victorian business in fintech and other sectors.
Our in-market trade team can connect you with Melbourne’s fintech ecosystem.
Contact Jason from our Singapore office
Jason Fuller
TRADE DIRECTOR
9 Raffles Place, #21-01 Republic Plaza Tower 1
Singapore 048619
E: jason.fuller@global.vic.gov.au