新エネルギー技術

Melbourne has a growing list of homegrown and foreign fintech firms, find our why.

Melbourne is home to two of Australia’s major international banks, the Australian sovereign wealth fund and most of Australia’s industry superannuation funds. This has made the city a thriving place for cutting edge fintech start-ups to develop and grow their business.  

Financial institutions and newcomers alike are keen to drive innovation.  The city is home to more than 295 fintech start-ups.1 As of November 2020, there are five fintech unicorns headquartered in Melbourne, collectively valued at over US$30 billion.

5 Unicorns headquartered in Melbourne

  • Airwallex (cross border payments - founded 2015, est. valuation US$1.2 billion)
  • Afterpay (buy now pay later - founded 2014, market cap. US$31.8 billion)
  • Judo Capital (challenger bank - founded 2016, est. valuation US$0.925 billion)
  • MYOB (business online accounting software)
  • PEXA (digital property settlement - founded 2015 est. valuation US$1 billion)

At the 2020 Finnie Awards, the national fintech awards run by Fintech Australia and sponsored by the Victorian Government, Airwallex won the Fintech Organisation of the Year award while AfterPay received the Global Market Presence award.

There are also scaleups such as Moula ($160 million Series D in 2020), Prospa and Assembly Payments.

Foreign firms that have made Melbourne their home include Cognizant, Slack, KnowBe4SquareZendeskTransferWise, Dataminr, Stripe, Revolute, Xero and Tradeplus 24.

Source: 1. Traxn, July 2019

ビクトリアではワールドクラスの風力、太陽光、海洋、バイオ燃料といった再生可能エネルギー資源が身近に利用できます。風力発電タワーから太陽熱温水器まで全て地元生産できる製造業ベースがあり、それを州のワールドクラスのインフラと世界をリードする研究力がサポートしています。

大都市から離れた地方には大規模な再生可能エネルギー施設が幾つもあり、州のクリーンエネルギーの発展を牽引しています。その一例として、ビクトリア州の2カ所に100メガワット級風力発電施設を建設し、間接的に首都キャンベラに再生可能エネルギー利用の電力を供給するという計画が承認されました。(キャンベラでは、2020年までに消費電力の90%を再生可能エネルギーで賄うという計画を立てています。)ビクトリアの高い技能を持つ労働力、そして高度に発達した製造業界はこのような新たな課題や、再生可能エネルギー投資機会に対応する有利な立場にあります。

クリーンエネルギー需要に対応し、政府は家庭、ビジネス、公共建築物のエネルギー効率を高めるエネルギー効率事業計画を策定しています。これは、エネルギー効率の高い商品や電気機器を認定し、消費者が家庭やビジネス、非居住用建築物にそれらを設置すると値引きや特典が得られる制度です。温室効果ガス削減効果が大きければ大きいほど、消費者は得をする仕組みです。

さらに、政府は2000万豪ドルの新エネルギー雇用基金を設立し、新エネルギー技術分野に特化した企業に助成しています。

他州に比べ、より数多くの学生がビクトリアのワールドクラスの大学で工学・情報通信分野の学位を取得しており、投資家は新エネルギー技術プロジェクトに必要となる専門知識を有する労働力を容易に見つけることが出来ます。

しかもビクトリア州政府は非常に条件の良い研究開発優遇措置(KMPGの調査では、世界で最も条件の良い制度のひとつ)を実施しており、ビジネスの税負担が最も低い州として、新規出資者がビジネス機会を探すにあたり見過ごすことのできない州となっています。

州政府は輸出に力を入れており、上記の優遇制度以外でも、研究や産業連携を促進に努めています。

There are opportunities right now for fintech in Melbourne and Australia

Here are some of the most significant trends.

Increased fintech adoption activity

Fintech adoption in Australia is steadily increasing, driven by greater use of money transfer and payments, particularly peer-to-peer payments and non-bank money transfers. Continued growth in customer digital adoption provides an opportunity for firms to create more services and improve customer engagement through mobile devices and AI.

Open banking

At the beginning of August 2019, Australia took a major step towards an open data economy by passing the Consumer Data Right legislation, which gives customers control of their data and enables them to share it with third parties. There are significant opportunities for fintechs to capitalise on this data and develop new services. The Royal Commission into Financial Services has eroded trust in banks.  Customers are now more likely to be willing to consider alternatives to ‘traditional’ loans and investments.

Cybersecurity needs

Cyber security will become of paramount importance to increase consumer awareness and confidence in digital products.  Melbourne is rapidly emerging as a market for cybersecurity solution services.

Industry collaboration

Australian incumbents are leveraging partnerships with start-ups to reduce the costs of services and improve customer experience. Rather than developing technology in-house, incumbents are partnering with start-ups to create synergies.  An example of this can be seen with NABs partnership in 2020 with Lighter Capital, a new early-stage debt funding model.

Superannuation needs

There is a greater focus on the superannuation sector as a source of capital to fintech start-ups. Due to it being a relatively untapped market, there is an opportunity for fintechs to engage with superannuation funds to create individualised experiences for their members and to provide cost effective advice.

Fintech adjacent opportunities

There are significant adjacent opportunities in the fintech sector that are showing considerable growth.  Sectors such as RegTech and PropTech.

Why Melbourne for your fintech business?

The Victorian Government ‘gets’ financial services and 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.

Here are some of the reasons why you should consider Melbourne when setting up your fintech business.

Melbourne is Australia's leading tech city with a robust and growing fintech community

  • According Savills it is the only Australian city that is among the best 22 cities for tech companies in the world.
  • Victoria's fintech sector is leading innovation in banking and payments, credit and lending, insurance and wealth management.
  • Three Victorian fintech companies, Airwallex, Judo Bank and Afterpay Touch, are among the world's top 100 FinTech Innovators.

Melbourne has a large and sophisticated financial services sector.

The financial and insurance services sector is the largest sector of the Victorian economy, accounting for 11 per cent of GVA and employing over 130,000 people.

  • Melbourne is home to 34 per cent of all superannuation funds in Australia, with over AU$400 billion in assets under management.
  • Two of Australia’s big four banks NAB and ANZ are based in Melbourne.
  • Australia’s two largest health insurance funds – Medibank Private and BUPA Australia - are headquartered in Melbourne, representing over 50 per cent of the Australian health insurance market share.

Innovation hubs, co-working spaces, accelerators and access to capital support Melbourne start-ups.

  • Melbourne has many innovation hubs and co-working spaces, such as York Butter Factory, Inspire9, Stone and Chalk and Angel Cube.
  • Victorian industry and research-led accelerator programs support Victorian-based fintech start-ups, including the Melbourne Accelerator Program, Startupbootcamp and NAB Ventures.
  • Victoria's world-class universities generate more tech-capable graduates that both NSW and Singapore combined.
  • Victorian fintech companies have dominated key funding rounds, accounting for almost 80 per cent of A$2 billion allocated to Australian start-ups in 2018-19.
  • Australian fintech venture capital firms have grown by 150 per cent since 2014. Between 2014 and 2016, Sydney received $US171 million in fintech-related venture capital, more than anywhere else in Australia.

Victoria is a business-friendly state

  • Victoria is ranked as the most business-friendly state in Australia by the Business Council of Australia.
  • Melbourne’s salary costs are on average 10 per cent lower than Sydney for the staff you are likely to require.
  • Office lease costs are up to 38 per cent cheaper in Melbourne compared to Sydney
  • Melbourne has the lowest tax burden of any Australian state.

Strong government commitment and support

The Victorian Government:

  • funds the Innovation Hub in Melbourne’s Docklands CBD to bring together businesses, research organisations and industry associations.
  • is establishing a new digital hub in Cremorne for the delivery of digital short courses and industry internships.
  • has set up a wide range of funding programs and assistance packages to help startups grow. For example, it has invested $60 million in a fund of funds scheme, $25 million in a venture debt fund and is offering $50 million in low-interest loans to help fund innovative start-ups undertake research and development.
  • funds start-up agency LaunchVic, which plays an important role in supporting the start-up ecosystem in areas such as training, pre-accelerator programs and mentoring.
  • sponsors the Finnies, the national Fintech Awards, and Intersekt, Fintech Australia’s annual conference.

Australian fintech series - presented by Invest Victoria

Session 1:  Changes, Opportunities and Challenges

Session 2:  European Fintechs in Australia

Session 3:  Meet the Regulator

Session 4:  Disruption and Transformation in the Financial Sector

Contact our fintech specialists

For UK and Europe enquiries contact
Julia Mills
Investment Director
Email Julia
For US enquiries contact
Joya Raha
Investment Director
Email Joya
For all other enquiries contact
Ian McLean
Market Leader - Melbourne
Email Ian