Australia’s fintech investments down 75% in Q2

If it continues this trend, fintech investments will be down 39% in 2022.
 
Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global. 

If this trend continues, fintech investments will be down 39% by year end compared to end-2021, the fintech news and research site warned.

Only US$150m was raised in Q2, a 75% loss from Q1’s numbers. The number of deals also dropped by 52% during the quarter, with only 24 deals carried out.

For the first half of the year, Employment Hero, a cloud-based enterprise software providing a platform for businesses to manage HR, payroll and employee benefits, raised the largest funding. Employment Hero raised US$130m in their Series F funding round that took place in Q1 2022.