Australian Fintech Shrinks in 2024, Blockchain and Crypto Firms Down 14%

Australian Fintech Shrinks in 2024, Blockchain and Crypto Firms Down 14%

According to KPMG's Australia Fintech environment 2024 analysis, 7% of the country's fintech companies will shut down their operations in 2024, further diminishing the fintech environment in Australia. As of December 2024, there are only 767 active enterprises in the industry, down from 800 in 2022. Cryptocurrency and blockchain companies were disproportionately impacted, making up 14% of this year's 60 closures. According to KPMG, this segme...

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