Investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150% increase from US$149.05 million in the corresponding period in 2019, with the growth coming despite a decline in merger activity, according to a new fintech report.
International digital remittances will reach US$525 billion by 2024 as traditional players in the market face fintech challenges, according to a new research report.
The founder and chief executive of marketplace lender MoneyPlace, Stuart Stoyan, has been appointed as the new chair of Fintech Australia to replace the founding chair, Simon Cant, who is stepping down.
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