Melbourne's fintech expertise lies in payments, cybersecurity, robo advice, blockchain technology and data analytics.
Although still in its infancy, activity in Melbourne's venture capital market is picking up with names like Brandon Capital, Adventure Capital, Trimantium Capital, Artesian Ventures and Rampersand. The major banks are also actively invested in the fintech sector, and there's growing interest from the superannuation (pension) sector.
Melbourne has a vibrant grassroots fintech network supported by a number of key groups and annual events. Key industry associations include Fintech Australia, Fintech Victoria, the Melbourne Fintech Meetup group and the Melbourne Blockchain Meetup group.
Home to a growing number of innovation hubs and co-working spaces, such as the York Butter Factory, Inspire 9, AngelCube and the Melbourne Hub, there is strong industry support for the sector in Melbourne with high levels of collaboration.
Victoria has over 50 fintech companies that employ more than 500 people, such as Computershare – a world leader in financial administration, and Moula – Australia's online lender to small business.
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