Sydney confirmed as leading fintech hub in Asia
16 December 2015
A new report on the world's leading fintech innovators has confirmed Sydney's position as a leading fintech hub.
Fintech 100: Leading Global Fintech Innovators Report 2015 shows that Sydney is home to seven of the 100 listed companies, making the city not only the leading fintech hub in Australia but also in Asia.
Sydney, with seven of the nine Australian companies included in Fintech100, has more companies on the list than any other city in Asia.
This illustrates the strength of the NSW business environment for fintech companies and the commitment of the NSW Government to grow this sector.
The report, produced by Fintech Innovators, a collaboration between KPMG Fintech and H2 Ventures, shows that fintech financing has grown six-fold over the past three years and is estimated to reach US$20 billion this year, an increase of 66 per cent on 2014.
NSW has an attractive environment for fintech startups – Australia's strongest state economy, a wide choice of accelerators, incubators and co-working spaces and strong access to finance.