- Australia’s FinTech funding in Q1 2022 is 37% lower than the same period last year, however deal activity is very similar showing continued confidence in Australian FinTech going forward.
- Australia’s largest FinTech deal in Q1 2022 was from Employment Hero, a management tool for HR, people, payroll and productivity, which raised $130m on 16th The round was led by returning investors Seek Investments, with participation from OneVentures and AirTree Ventures. Employment Hero has also announced it has acquired KeyPay, a workforce management and payroll platform.
- The most active FinTech investors in Australia during the opening quarter of 2022 were Global Founders Capital, Airtree Ventures and Skynet EGLD Capital. Global Founders Capital had the most investments at 3 in total and has invested in tiiik, a digital wallet designed for the modern day, Cecil, who provide software that simplifies natural asset management, and PropHero, a property investment platform.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2021 FinTech Global
