The finance industry has many dimensions and FinTechs are transforming them all.
According to KPMG, the number of FinTech startups in Australia has increased from less than 100 in 2014 to approximately 650+ companies today, and investment in the sector has increased from $US53 million in 2012 to over $US600 million in 20181.
To put that in perspective, more than half of all digitally active Australians (58%) are now using FinTech products and services2.
There are many notable companies who have been responsible for driving such rapid growth in the FinTech category, from Afterpay which reinvented the good-old layby, to Airwallex which has revolutionised the way companies process international payments. In today’s article ...