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10 Fast Growing Fintechs in Australia and New Zealand

IDC Financial Insights today unveiled a list of 10 fast growing fintechs in Australia and New Zealand (A/NZ) as part of the broader FinTech 101 list for Asia/Pacific.

“IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground analysis of the dominant fintech players within the region.

10 Fast Growing Fintechs in ANZ

Afterpay Touch Group

Afterpay Touch is at an exciting junction. In June 2017, Afterpay and Touchcorp came together to leverage each other’s strengths and elevate our customer offering, taking it to a new level. We now exist under 2 key areas – Pay Later, better known as Afterpay, is an easy-to-use payment process allows shoppers to buy their product today and pay it off in 4 equal fortnightly instalments. It is in a high growth stage and expansion is visible on all levels and this allows our talent to grow, learn and be inspired each and every day.

Airwallex

Airwallex was founded in 2015 by a team of entrepreneurs who knew international payments could, and should, be better. So they developed a technology that uses machine learning to determine the most cost-effective way of settling every payment that comes through the platform.

CoinJar

CoinJar provides simple tools to manage digital currencies. We use multi-factor authentication (e.g. password plus SMS verification) to ensure our customers’ bitcoins are safe, even if their password is compromised. As an additional layer of protection, we store the majority of customer bitcoin holdings offline.

Data Republic

Data Republic was founded to empower the liquidity of data by delivering technology which offers best-practice security, privacy compliance and governance controls for organizations looking to safely exchange data.

Harmoney

Harmoney is NZ’s leading peer-to-peer money marketplace – where everyday people borrow money from (and lend money to) other everyday people. Hence the term ‘peer’ to ‘peer.’

HashChing

HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

Identitii

identitii allows financial institutions to enrich payment messages with detailed information about actors and purpose. identitii allows banks to move away from customer level information to detailed information about each and every transaction. We think of this as the unique ‘identity’ of the transaction. It’s called ‘Know Your Transaction’ and we think it will change the way banks think about transactions.

Prospa

Prospa is Australia’s leading online small business lender and committed to helping small businesses access the funds they need to grow. Using a proprietary technology platform and a fast, simple online application process, Prospa can approve loans and provide funding in as little as 24 hours. Since 2011, this Australian-owned, high growth company has lent over $300m to thousands of small businesses in Australia.

SocietyOne

SocietyOne is radically changing the landscape of financial services in Australia. Since our foundation almost five years ago, we have gone from a standing start to providing more than $300 million in loans to customers.

Xero

Founded in 2006 in New Zealand, Xero is one of the fastest growing software as a service companies globally. We lead the New Zealand, Australian, and United Kingdom cloud accounting markets, employing a world-class team of more than 1,700 people in 20 offices across the planet. Forbes identified Xero as the World’s Most Innovative Growth Company in 2014 and 2015.