Leading startups based on funding in Australia 2020

As of May 2020, Judo Bank was the leading Australian start-up with funding valued at 1.5 billion U.S. dollars. Judo Bank focuses on small and medium-sized business lending and is one of the prominent challenger banks entering the Australian banking market.

Startup landscape in Australia

Many startups have sprung up in Australia over the past few years across various industries. New South Wales is home to the largest share of startups in the country, while finance and tech industry startups lead the pack. The startup rate in Australia was almost six percent; meaning six percent of the 18 to 64-year-old population were actively involved in setting up a business they will own or co-own. While this was not as high as the rate in the United States, it was still relatively high among other leading economic nations.

Fintech leading the way 

In 2019, millions of U.S. dollars were allocated to fund startups involved in fintech in Australia. In keeping with the global development of fintech, Australian fintech companies are diverse and provide a range of services. The types of fintech companies have not changed drastically over the past three years, with wealth and investment businesses consistently leading the market share. With the startup environment constantly evolving, it looks likely that the makeup of startups in Australia will involve fintech well into the future.

Leading startups based on funding in Australia as of May 2020

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in

Release date

August 2020



Survey time period

as of May 2020

Supplementary notes

Values have been rounded.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Startups in Australia"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.