As Australian fintech VC investment climbs, merger activity declines

By Ellie Dudley · 10 September 2020 · Tech

As Australian fintech VC investment climbs, merger activity declines

Australian fintech VC investment soars, but what's behind the decline in mergers?

Read the latest report from KPMG to uncover the surprising trend in Australia's fintech sector. With a 150% increase in investment, what's the future hold for this booming industry?

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Summary

A new report from KPMG finds investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million. This is more than a 150% increase on the corresponding period in 2019 (US$149.05 mil). However, a fall in mergers and acquisitions (M&A) and private equity (PE) activity caused total investment in Australian fintech to fall from […]