Australian fintech investment boomed last year
KPMG's report shows Australian fintech investment hit nearly A$3 billion in 2019, driven by CBA's PEXA acquisition and Judo's raise, with notable rounds for Athena, Grow Super and Cover Genius.
Company
Every investor coverage indicates participated in a round Property Exchange (PEXA) raised.
The transaction that ended Property Exchange (PEXA)'s run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| CBA | Acquisition | 1Q 2019 | $1.6b | Startup Daily, Australian FinTech, Techboard |
Companies Property Exchange (PEXA) acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Property Exchange (PEXA). Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
KPMG's report shows Australian fintech investment hit nearly A$3 billion in 2019, driven by CBA's PEXA acquisition and Judo's raise, with notable rounds for Athena, Grow Super and Cover Genius.
A Techboard funding report shows Victorian fintechs took nearly 80% of $2 billion allocated to Australian startups last financial year, led by PEXA's $1.6 billion acquisition and Judo Bank's $930 million raise.
Techboard's quarterly report tallies record funding for Australian startups in early 2019, led by the PEXA sale and Airwallex's raise, while flagging that private investment growth may be slowing.