NSW is Australia's financial powerhouse and leading hub in the Asia Pacific - home to Sydney, Australia's financial capital and the first major financial market to open each day.
Our financial services capabilities have been built around the nation's $4.2 trillion (or $2.8 trillion USD) superannuation (pension) fund savings pool, the fifth largest in the world.
Australia's global fintech ranking has risen to sixth in the world (and second in the Asia Pacific), with over 800 active fintech companies in Australia. Sydney is home to 80% of foreign banks operating in Australia, eight of the nation's largest fund managers and most of its financial services regulators. It's no surprise most of the nation's fintechs are in Sydney - at least 60%.
Sydney has a digitally active and wealthy population with lifestyle options appealing to its highly skilled workforce. These position the city as an ideal place to develop fintech solutions for Australia and beyond. Its pool of talent and vibrant tech community, centered around innovation centres and accelerators, truly sets the city apart.
Fintechs which began and grew in Sydney, such as Athena Home Loans, Afterpay, ZipCo and Brighte, benefit from a dynamic fintech ecosystem. Our supportive environment includes an enhanced regulatory sandbox, making it easier for businesses to test the market, and opportunities to participate in Asia-Pacific market expansion programs.
Key facts
Australia's financial services capabilities are constructed around a $4.2 trillion AUD superannuation fund savings pool, the fifth largest in the world
Australia's global fintech ranking has risen to sixth in the world (and second in the Asia Pacific), with over 800 active fintech companies in Australia
The Fintech sector ranked second for capital raised by Australian startups in 2023, with a total of $331 million raised
In 2023, 46% of fintechs have each raised more than $10 million
Sydney is Australia's financial capital and ranks 11th as a global fintech hub
60% of Australian fintech startups are based in Sydney
Supporting your move to NSW
Investment NSW can connect you with a range of services and incentives available to businesses looking to grow.
Investment NSW offers bespoke services to businesses looking to build a presence within NSW.
The team at Investment NSW provides tailored advice on grants, rebates, programs and other incentives your business may be eligible for.
Whether you need a high-tech lab, an advanced manufacturing facility connected to a university or a greenfield site in regional NSW, we can assist.
We can work with you to establish a presence in a precinct or collaboration area suited to your needs.
We provide services to help you find the right accommodation:
- determining the type of accommodation to best meet your businesses requirements
- advice and support regarding opportunities available on Government land (both long and short term)
- support navigating the planning process
We can provide tailored information and data, including local market insights, on our focus areas.
We can introduce you to stakeholders who can support your growth objectives. This may include connecting you to:
- corporate partners
- business chambers
- industry associations
- technology precincts
- research institutes
- government agencies
We offer curated introductions to help you identify local partners, distributors, industry stakeholders and service providers.
Once you have established here, a wide range of services and programs are available to use NSW as a springboard into Asia and the world. We can help you identify opportunities to expand in the region.
Our Business & Skilled Migration Program is highly supportive of NSW’s growing tech industries and precincts. The program attracts new and emerging digital technology capabilities and skills, provides visa and migration advice to businesses, and nominates high potential migration candidates to live and work in NSW.
These initiatives have spurred the growth of digital technology businesses across the state and are available to all organisations considering investment opportunities in NSW.
Investment NSW is providing the International Landing Pad to support overseas technology businesses expanding into Australia with free office accommodation. It is a dedicated co-working space designed to provide a soft landing for businesses from overseas to enable them entry into the Australian markets seamlessly. The Sydney Startup Hub occupies 17,000 square metres of space across 11 floors under one roof and is currently home to nearly 400 startups.
Landscape in NSW
Contact us
Contact Investment NSW today to find out more about investment opportunities in NSW.
Last updated: May 2024