finder fintech roundup: The Fintech100, Spark Festival and global partnerships
Sydney's Spark Festival and the release of the Fintech100 made it a busy week for fintech in Australia.
This week started with Australia and Kenya entering into a fintech agreement and was followed by the release of the global Fintech100 list as well as BRW's Young Rich List. The CEO of Fintech Australia Danielle Szetho discussed investment in fintech companies and the pull of "Brand Australia", while SME lender Prospa hit a major milestone. New research revealed corporate treasurers were upping their fintech investment.
"Brand Australia" keeping fintech investment strong: Fintech Australia CEO
At a Spark Festival event in Sydney this week, hosted by the Australia-Israel Chamber of Commerce, Fintech Australia's CEO Danielle Szetho said Australia's gold-class regulation and reputation has made finding capital less of an issue fo fintech companies.
Australia still more of an "emerging star" according to Fintech100 list
H2 Ventures and KPMG's Fintech100 list placed double the number of Australian companies as emerging stars compared to established companies in the top 50. In total, nine Australian companies were awarded a place on the list.
Kenyan and Australian regulators come together for fintech
ASIC and the Capital Markets Authority of Kenya have agreed to support innovation in finance in their respective markets. The agreement sets up a framework for collaboration and the sharing of information.
SME heavyweight Prospa hits $200 million in loan originations
Fintech SME lender Prospa, which also placed highest out of Australian companies on the Fintech100 list at number 31, has reached a milestone $200 million in loan originations. The lender also recently closed a successful funding round.
Corporate treasurers are upping their fintech investments globally
New research from East & Partners shows that treasurers from the highest revenue-ranked corporations throughout the world are increasing their fintech investments.
The industries that the BRW Young Rich make their money
The 2016 BRW Young Rich List featured those working in technology, most notably Atlassian co-founders Mike cannon-Brookes and Scott Farquhar who are worth a combined $4.68 billion.
The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Friday to catch up.