Fintech hub Stone & Chalk has opened in Sydney with 41 startups.
The firms were selected following a six month process to identify fintech startups. The companies will have access to supporters from financial institutions, technology firms, universities, state government and regulators.
Stone & Chalk CEO Alex Scandurra said its aim was to co-locate fintech startups in Australia and support fast tracking their growth.
“We have been inspired by the talent and diversity of the startups who have applied, and the potential they have to transform Australia’s multi-billion financial services sector,” he said.
There are plans to recruit more fintech startups by the end of 2015.
Established startups such as VentureCrowd, H2 Ventures and Zetaris have taken up space alongside yet-to-launch ventures and early stage startups.
The startups operate in a range of industries including superannuation, predictive data analytics and technology such as apps and crypto currencies.
Follow Hamish Barwick on Twitter: @HamishBarwickOptus to deliver ICT services to Stone & Chalk