Technology and financial services have always been intertwined, but it’s only in the last few years that the term “FinTech” has come into vogue to describe the emerging financial technology sector in the 21st century. The city of Perth is poised to become a leader in the FinTech space, with organisations such as FinTech Perth supporting local innovators in the emerging space.
Here are the hottest Perth FinTech startups set to disrupt the financial services industry in Australia in 2017 and beyond.
Future Penny is developing a a robo-advice platform for helping Australians manage their finances. The company’s goal is to better educate users about their finances and investment opportunities.
AtlasTrend’s solution provides investors with exclusive online access to proprietary investment insights. The offering features a streamlined investment program focusing on four exclusive global equities funds, with portfolios aligned to global investment megatrends focused on where the world is heading: big data, online shopping, healthy lifestyle, and baby boomers.
Credi’s platform helps facilitate the loan process between family and friends—the solution turns informal agreements into manageable, formal contracts. The startup has been featured in The Times, Finder.com, The Age, and The Sydney Morning Herald, among others.
Kikka offers fast cash loans for small businesses in order to help them grow their business—the complete loan process happens online, instantly. The company was founded by finance and business professionals with extensive experience in the Australian credit industry
Pin Payments has developed a multi-currency payment platform that allows smalls businesses to accept credit card payments a phone/tablet, without requiring a merchant bank account. The solution integrates with leading e-commerce platforms such as Xero, WooCommerce, and BigCommerce, among others.
Bank Vault specializes in cybersecurity solutions for banking and finance—its solution helps prevent bank account hacking, data breaches, and ransomware/malware infections. The company was the winner of the 2016 World Cup Tech Challenge in Silicon Valley.
Around 70 percent of the population in the Philippines is unbanked due to a myriad of reasons: lack of an ID, geographic remoteness, and more. Peppermint Innovation develops mobile remittance services to those without bank accounts in the Philippines.
From banking and finance cybersecurity firms to personal loan management app developers, these entrepreneurs are putting Perth on the map when it comes to global FinTech innovation. Be sure to keep them on your radar in 2017 and beyond.