Fintech Australia Shares: Australia Enjoys Spike in Fintech Investment

Earlier this week, Fintech Australia announced the Aussie country has enjoyed a spike in fintech investment during the second quarter of 2017. The organization shared the latest information from KPMG’s Pulse in Fintech report, which was released last month.

According to the report, Australian fintech investments went up to more than $100 million during the second quarter, which the organization noted is the nation’s best result since the first quarter of 2016. Fintech Australia then revealed two major investments from the quarter:

  • The $50.6 million acquisition of Rubik Financial Limited, a Sydney-based software provider to the financial services sector in Australia, by Temenos, a Swiss-based software specialist for banking and finance.
  • The $48 million acquisition of North Sydney-based payments company Paycorp by accounting software company MYOB

See the full report below.

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