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New landing pads for Irish fintechs in Sydney and Melbourne

Posted: 18 March 2019 12:19 pm
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Stone & Chalk has partnered with Enterprise Ireland to "bridge the Aussie-Irish fintech gap".

Irish fintech companies looking to enter the Australian and Asia Pacific markets will be able to take advantage of landing pads at Stone & Chalk's hubs in Melbourne and Sydney, according to an announcement made today. The landing pads have been created through a partnership with Stone & Chalk, Australia's largest fintech innovation hub, and Enterprise Ireland, Ireland's national trade and innovation agency.

Stone & Chalk CEO Alex Scandurra said that the partnership will create a "highly valuable" fintech bridge between Ireland and Australia.

"As Stone & Chalk residents, Irish ventures will join our unique marketplace that includes 27 Australian and international corporate partners, and over 650 entrepreneurs working in over 100 start-ups and scaleups," Scandurra said. "They will gain access to our corporate and government partners, and our mentor and investor communities, who have helped our start-ups and scaleups secure over $320 million to date.

The partnership brings together two different sides of fintech: a not-for-profit fintech hub and a government trade and innovation agency that invest in innovative companies. Both have a strong reputation for supporting fintech companies in Australia and Ireland.

Stone & Chalk became Sydney's second fintech hub in August 2015, following the Tyro Fintech Hub which had launched in April of the same year. Stone & Chalk has since expanded to Melbourne and taken up residence in Melbourne's new Victorian Innovation Hub as well as moved into the new supersized Sydney Startup Hub in Wynward Green.

Enterprise Ireland is the agency responsible for investing in innovative Irish companies through all stages of their growth as well as connecting them internationally. By deal count, it's the third largest venture capitalist in Europe and has invested $32 million into 132 startups in 2018 alone.

Australia and New Zealand director for Enterprise Ireland David Eccles said partnering with Stone & Chalk is a great example of how the agency embeds itself with leading innovators to support the future of fintech locally and globally.

"We've seen firsthand how Stone & Chalk champions and accelerates the growth of each and every business through the experience of our own clients already based at Stone & Chalk, such as Priviti," Eccles said. "We are delighted to formalise our partnership and look forward to supporting many more fintech companies together."

Scandurra said: "It takes a metaphorical village to raise a fintech, and this type of highly connected and high-quality village is what we offer here at Stone & Chalk. We don't sell space, we enable success.

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