A recent report by KPMG has found that investment in Australian FinTech has risen in H1 2020.
In Brief:
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In the first half of the year, $376.5mn was invested in the sector.
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This an increase of over 150% increase year on year.
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However, M&A and PE activity both fell.
What does this mean?
The figures have been heavily influenced this year by a few large deals such as Airwallex which raised $160mn and Judo Bank which raised $146.6mn.
The report also noted that the buy now, pay later market is a good area for investment, with the likes of Afterpay seeing increasing value.
