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.
Melbourne-based fintech Airwallex has closed its series D funding round, raising US$160 million and attracting new investors.
Investment in Australia’s fintech sector smashed previous records in 2019, increasing by 252% to $2.9 billion, according to the bi-annual report on global and regional fintech investment trends published by KPMG.
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LOL. Read some history pal.
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