Sydney’s economy is Australia’s largest, and financial services represents the country’s largest output by industry. The finance sector includes traditional financial services as well as fintech apps for banking, financial management, payments processing and investing. The total Australian finance sector is growing at a projected rate of just over 8 percent annually, which includes more than 3 million downloads of fintech apps. On this list you’ll find some of the top Sydney companies in finance.
Finance Companies in Sydney
- Impact Investment Exchange
- Brookfield Asset Management
- Enfusion
- Afterpay
- Adyen
Finance Companies in Sydney to Know
Afterpay makes BNPL, or buy-now-pay-later, fintech software for short-term financing. Customers can make purchases on e-commerce platforms and spread the payment out over multiple installments. Users who lack consumer credit, or who have chosen to divest from the consumer credit system, simply select Afterpay as their currency at checkout, receive their purchase and then transact for their installment payments directly with Afterpay.
Impact Investment Exchange is an impact investment venture capital firm. It sources promising startup businesses in the sustainability and social impact sectors and incubates them, providing funds and strategy for business and technology. The company, which is abbreviated as “IIX,” also works to connect its investment startups with contacts and investors to help them reach profitability.
Fintech company Enfusion makes software products to guide investments. It also provides managed service for risk, IT and administrative offices of other investment companies. The Enfusion platform is built cloud-native and runs on a private cloud for maximum security. Enfusion’s approach is unique in the industry in that it marries the front-, middle- and back-office functions of an asset management company’s business.
Brookfield Asset Management is a multinational investment firm that manages funds for institutions and high-net-worth families and individuals. It specializes in alternative investments, or illiquid assets like commodities and collectibles. Brookfield’s services are split into asset management and wealth solutions, with the former focusing on private equity, infrastructure, real estate, renewable energy and credit; and the latter solely providing retirement services.
BNY is the corporate brand of the Bank of New York Mellon Company, a longstanding leading financial services firm. BNY itself was established in 2007, but the company’s original founding dates back to the eighteenth century. BNY’s Australia offices in Sydney and Melbourne manage assets that are valued at over $50 trillion USD.
Localcoin is a fintech organization that bills itself as a “crypto ATM.” Its platform allows users to purchase and sell cryptocurrency with cash, which can be accomplished at any of its numerous physical locations. Localcoin kiosks look like ATMs and offer teller services for Bitcoin and other crypto coins, so users can sell crypto assets online and simply pick up their cash at a Localcoin kiosk.
Q2 makes SaaS tools for digital financial operations, such as loans and banking processes. The company serves B2B and B2C clients in the financial services industry, including banks, credit unions, other fintech companies and alternative finance companies. Q2 has had a presence in Sydney since 2017, occupying a large mixed-use building in the city center.
Cash App is a fintech that offers peer-to-peer payment processing. Users rely on its service to send and receive money while maintaining their anonymity from their payor or recipient. Cash App maintains an intricate global network of partner banking institutions that allow it to process transfers nearly in real time.
CSC, short for Corporation Service Company, provides legal, tax and corporate administration services. Because corporations are legally complex entities that require deep expertise in the niche areas of compliance across divisions, CSC offers a full suite of services like formations, entity services and other corporation-specific concerns. The company has area expertise in fund solutions and capital markets. It works extensively with financial services providers.
Adyen is a fintech company that makes B2B transaction software. Its platform offers a payment gateway, payment processing and an acquiring bank, which are typically accessed as three separate services. Because Adyen itself holds acquiring bank status, it is able to provide these services without the inconvenience and expense of a third party. The streamlining of this hybrid approach allows for swift and reliable payment processing.
