Australia Plans To Invest Millions In Fintech Startups

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Summary

Fintech Startups And Australia A lot of countries around the world are keeping a close eye on the fintech sector right now. That being said, H2 Ventures were forced to scrap their original plan of raising AU$55m in October of 2016. Local accelerator H2 Ventures received an AU$4m warchest from Investec, which will be sued to invest in up to 40 different financial technology startups over the coming years. Australia has taken some big steps in the right direction to ensure they are one of the fintech market leaders. H2 Ventures founding partner Ben Heap stated: “With the support of the NSW Government and Investec Australia, we are looking forward to taking the H2 Accelerator to the next level.

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Australia is a country where fintech is a top priority right now. Local accelerator H2 Ventures received an AU$4m warchest from Investec, which will be sued to invest in up to 40 different financial technology startups over the coming years. Moreover, they also received a government-backed guarantee of AU$2m to boost fintech innovation in the country.

Fintech Startups And Australia

A lot of countries around the world are keeping a close eye on the fintech sector right now. After all, no one wants to be left out when it comes to again a part of the next financial revolution. Australia has taken some big steps in the right direction to ensure they are one of the fintech market leaders. With a new round of “funding” waiting to be spent on investments, the future’s looking bright.

H2 Ventures will gain a lot from this warchest and government-backed guarantee....

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