Census: Australia's fintech landscape in 2018

Getty

The 2018 EY FinTech Australia Census was released as part of FinTech Australia’s Intersekt Conference in Melbourne today.

The census, now in its third year, paints a picture of a sector now well-established and coming into its own as a viable alternative within the financial services landscape.

This corresponds to an overall maturing of the sector, with fintech companies aged three years or older now making up 43% of the local industry, up from 31% in 2017 and just 20% in 2016.

Based on an online survey of 151 fintechs across Australia, as well as a series of 12 qualitative interviews with fintech leaders between August and September 2018, the Census remains the only detailed, industry-backed analysis of the Australian fintech industry.

One in five Australian fintechs are now profitable, compared to only one in seven last year, and median revenue growth was 125% compared to the year before.

The state of the sector:

EY

And the fintech landscape:

EY

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