According to a recent report by Techboard, a funding analytics agency, the actual amount of capital entering native fintechs far exceeds previously reported estimates, with the figure nearly doubling initial projections.
A significant portion of this funding goes towards thousands upon thousands invested in venture capital-backed startups through various funding rounds.
Notably, off-the-cuff investments accounted for approximately 60 percent of all deals executed, according to Techboard’s findings.
It’s not just startups operating in stealth mode. Their buyers overwhelmingly are too.
partnership with Fintech Australia and LaunchVic, leveraging
The total report may include a comprehensive summary of all relevant data, highlighting key findings and trends.
Techboard CEO Peter van Bruchem
Van Bruchem delved into his concept, likening it to icebergs where a vast amount of funding lies hidden beneath the surface, largely inaccessible to the media due to the veil cast by PR companies and venture capital self-congratulation. As he was familiar with the terrain, he knew precisely where to begin his hunt.
Unveiling the untold story behind fintech’s most significant unannounced investments in 2023 – a report by Techboard that sheds light on the industry’s most discreet yet impactful deals. Supply: Techboard
What Techboard unearthed was “
Who are the owners and investors behind Australia’s fintech sector?
“We perform breakdowns by investor entity type, classification, and placement, categorizing data for precise analysis.” For the first time, we’re able to gauge the magnitude of direct foreign investment into Australian fintech, highlight the significance of non-traditional investors and quantify the scale at which venture capital supports one of Australia’s most prominent startup industries.
LaunchVic CEO Dr Kate Cornick
Dr. Kate Cornick, Chief Executive Officer of LaunchVic, cited findings from the Techboard fintech report.
Fintech Australia’s Chief Executive Officer, Rehan D’Almeida, remarked that
Funding from unanticipated sources is a notable feature of the 2022 Techboard fintech funding report. State-led investments in startups have increased significantly over the past year, with many entrepreneurs and venture capitalists taking note. The influx of government-backed capital has provided a welcome boost to the sector, helping to drive innovation and job creation.
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