Melbourne has a robust and vibrant fintech ecosystem that offers the ideal environment for cutting edge fintech companies to develop and grow their business.

Fintech in Melbourne

Today, Melbourne is already home to about 300 fintech startups, including five unicorns – AirwallexAfterpayJudo CapitalMYOB and PEXA – as well as global fintech companies such as SquareRevolutTransferWise, GoCardless and TradePlus 24.

The rapid growth of Melbourne’s fintech sector can be attributed largely to the success, and convergence, of its thriving banking and technological sectors, as well as strong demand from an affluent consumer base and companies looking to save time and serve their customer betters.

Demand for fintech will continue to surge on the back of the affluent consumers who have embraced contactless payments, smart phones, Buy Now Pay Later, cloud technology and ecommerce.

Notably, Australia is the number one in the world for contactless payments, has one of the highest fintech adoption rates in the world and is a global leader in the Buy Now Pay Later sector.

With a large and sophisticated financial services sector, Melbourne has two of Australia’s major international banks, the Australian sovereign wealth fund and most of Australia’s industry superannuation funds.

Melbourne is also renowned for the quality of its tech talent, and a strong culture of innovation, well supported by world class universities offering qualifications in finance, engineering and IT.

With these credentials, it is no surprise that Melbourne’s fintech sector is leading the way with innovation in banking and payments, credit and lending, insurance tech, and wealth management.

Fintech companies in Victoria are also supported by a strong and favourable regulatory framework.

This includes ASIC regulatory sandbox for product development and testing, the Open Banking and Consumer Data Right legislation and New Payments Platform for open access, fast payment infrastructure.

By locating in Melbourne, fintech companies also reap the benefits of lower costs and the ease of doing business, having access to innovation hubs, co-working spaces, accelerators and capital support.

Are you ready to ride the wave of Victoria’s fintech sector?

To explore investment opportunities, visit