09 September 2020

KPMG: Australian FinTech VC funding on the rise  

Written By FinTech Alliance in Investment

KPMG: Australian FinTech VC funding on the rise  

A recent report by KPMG has found that investment in Australian FinTech has risen in H1 2020.  

In Brief:  

  • In the first half of the year, $376.5mn was invested in the sector.  

  • This an increase of over 150% increase year on year.  

  • 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.  

Read more here. 

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