Australian FinTech investment set to drop 39% in 2022

fintech investment Australia h1 2022
  • FinTech companies in Australia raised $0.8bn of capital during H1 2022, indicating that by year-end, FinTech investments will be down 39% from 2021. This drop was precipitated by a poor Q2 performance where only $150m was raised, nearly 75% less than Q1 2022. Concordantly, the number of deals made in the second quarter dropped by 52%, with just 24 deals being carried out.
  • Australia’s largest FinTech deal in H1 2022 was with Employment Hero, a cloud-based enterprise software company that provides a platform for businesses to manage HR, payroll, and employee benefits. The company raised $130m in their latest Series F funding round on 16th February 2022. The round attracted AirTree Ventures, OneVentures, and SEEK with each of the investors having long time partnerships with Employment Hero and previously funding the company since 2018.
  • The most active FinTech investors in Australia during Q2 of 2022 were Antler Australia, The Commonwealth Bank of Australia, and Artesian VC, each of which with two investments in total. Of those companies with two investments, The Commonwealth Bank of Australia provided the most funding with a total of $42.7m. The money was distributed between two companies; Lygon, a blockchain RegTech platform, received $12.7m, and the remaining $30m was given to Metricon Homes, a real estate company with a mission to simplify home-ownership in Australia.

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. ©2022 FinTech Global

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