Best Banking Tech Companies in Australia
The 154 best Banking Tech companies in Australia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Judo Bank.
Ranking the top Banking Tech companies in Australia by disclosed equity funding puts real numbers on a sector that's easy to overstate. Our directory tracks 154 companies, with $2.3B in total disclosed funding and one unicorn in the mix.
Judo Bank leads the field by a distance at $1.2B raised. Encompass sits second at $198M, InDebted at $92M. Those three alone account for the overwhelming share of capital in the cohort, which tells you something about how concentrated this sector actually is. The global Banking Tech market sits at roughly $9.5B in 2025, forecast to reach $17.0B by 2035 at a 13.7% CAGR, driven by digital banking's pull on new clients and the growing recognition that data is a balance-sheet asset, not just an operational byproduct. And as open banking gains traction, stringent data-privacy regulations are reshaping compliance costs across the board. Median app install growth of roughly 23% year-on-year across banking and investment banking apps signals that end-user adoption is moving, not stalling. I'd watch how the smaller filers in this list close that funding gap as investor appetite firms up. Most active backers here include Carthona Capital, Allectus Capital, and Investible, the names worth tracking if you're mapping where early conviction is going.
Our analysis of 50 Banking Tech companies
$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Banking Tech companies in Australia
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Judo Bank 🦄 Digital bank for businesses 27Moat top 22%Funding top 28%Product top 28%News top 41% All 10 signals ▾Moattop 22% Fundingtop 28% Producttop 28% Newstop 41% Techtop 44% Talenttop 44% Markettop 50% Globalbottom 45% Growthbottom 25% Fin. healthbottom 16% Moat: Editorial + unicorn rating 6/10 · Unicorn Funding: Raised $1.2B across 9 rounds · 9 rounds over 8 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $1.2B | 60 mo ago | 666 | Chris B Co-Founder & CEO & Managing Director | WordPressMySQLPHP+34 | Top 1M | — |
| 2 | Xinja Neobank for consumers 45Product top 39%Innovation top 43%Funding top 44%Market top 49% All 7 signals ▾Producttop 39% Innovationtop 43% Fundingtop 44% Markettop 49% Talentbottom 49% Globalbottom 36% Newsbottom 32% Product: 2 distinct product lines · 1 published app (30.0k installs) Innovation: 2 product lines rank vs industry peers · Fliar Intelligence Index 45/100 | $259M | 74 mo ago | 120 | Eric Wilson Co-Founder | — | — | — |
| 3 | Encompass Provider of automated software for corporate identity and compliance verification 69Funding top 26%Growth top 27%Talent top 34%Fin. health top 35% All 8 signals ▾Fundingtop 26% Growthtop 27% Talenttop 34% Fin. healthtop 35% Moattop 39% Techtop 46% Markettop 48% Globalbottom 39% Funding: Raised $198M across 12 rounds · 12 rounds over 10 yrs (1.2/yr) Growth: Headcount 163 → 206 (+26%) across vintages · Revenue +45% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $198M | 8 mo ago | 206 206 → 148 (-28%) | Wayne Johnson Co-Founder & CEO | WordPressSentryZendesk+35 | Top 10M | — |
| 4 | Volt Cooperative bank 24Funding top 41%Patents top 42%Fin. health top 43%Innovation top 50% All 10 signals ▾Fundingtop 41% Patentstop 42% Fin. healthtop 43% Innovationtop 50% Talentbottom 45% Moatbottom 42% Marketbottom 37% Newsbottom 37% Globalbottom 36% Growthbottom 10% Funding: Raised $119M across 4 rounds · 4 rounds over 7 yrs (0.6/yr) Patents: 4 patents matched (strict assignee match) · 3 filings since 2022 vs 1 in 2017-21 rank vs industry peers · Fliar Intelligence Index 24/100 | $119M | 60 mo ago | — | Steve Weston Founder & CEO | — | — | — |
| 5 | InDebted Cloud-based debt collection solutions for businesses 64Funding top 29%Moat top 31%Tech top 34%News top 35% All 10 signals ▾Fundingtop 29% Moattop 31% Techtop 34% Newstop 35% Growthtop 39% Producttop 41% Markettop 43% Talenttop 44% Innovationtop 48% Globalbottom 44% Funding: Raised $91.8M across 5 rounds · 5 rounds over 9 yrs (0.6/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 64/100 | $92M | 20 mo ago | 250 | Josh Foreman Founder & CEO | Apple iCloud MailGoogle WorkspaceTailwind CSS+33 | Top 1M | 1 job opening · 1 launch · 1 award |
| 6 | Incredo Credit assessment solutions provider. 35Talent top 28%Funding top 33%Growth top 45%Tech bottom 42% All 6 signals ▾Talenttop 28% Fundingtop 33% Growthtop 45% Techbottom 42% Globalbottom 38% Marketbottom 25% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $60.3M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 35/100 | $60M | 36 mo ago | — | Eran Baniel Co-Founder & CEO | Webflowcore-jsjQuery+11 | Top 50M | — |
| 7 | Constantinople Software-based customer management platform for banks 42Funding top 37%Talent top 38%Moat top 39%Tech top 41% All 8 signals ▾Fundingtop 37% Talenttop 38% Moattop 39% Techtop 41% Growthtop 45% Globalbottom 37% Marketbottom 34% Newsbottom 22% Funding: Raised $54.4M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 42/100 | $54M | 26 mo ago | 60 | Macgregor Duncan Co-Founder & Co-CEO | Apple iCloud MailMicrosoft 365Node.js+19 | Top 50M | — |
| 8 | Avenue Bank Developer of the digital bank for businesses | $37M | 63 mo ago | 29 | — | Apple iCloud MailMicrosoft 365Salesforce+21 | Top 10M | — |
| 9 | Trade Ledger Loan origination solution for business loans 32Talent top 38%Moat top 39%Funding top 45%Product top 46% All 7 signals ▾Talenttop 38% Moattop 39% Fundingtop 45% Producttop 46% Newsbottom 49% Marketbottom 39% Globalbottom 38% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Moat: Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 32/100 | $26M | 36 mo ago | 50 | Matthias Born Co-Founder & CTO | — | — | — |
| 10 | Findi Provider of digital payment and ATM services 67Growth top 31%Funding top 32%AI top 35%Fin. health top 35% All 10 signals ▾Growthtop 31% Fundingtop 32% AItop 35% Fin. healthtop 35% Marketbottom 49% Talentbottom 49% Techbottom 47% Moatbottom 38% Globalbottom 37% Newsbottom 24% Growth: Revenue +1041% YoY · 8 acquisition/expansion moves in 24 mo Funding: Raised $25.4M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $25M | 15 mo ago | — | Mohnish Kumar CEO & Managing Director | WordPressMySQLPHP+17 | Top 10M | — |
| 11 | 86 400 Digital bank for individuals | $21M | 74 mo ago | 111 | — | — | — | 1 launch |
| 12 | Alex Provider of a digital bank for individuals | $20M | 57 mo ago | 59 | Craig Fenwick Co-Founder & CFO | Node.jsBootstrapAzure Front Door+20 | Top 5M | 2 launchs |
| 13 | PractiFI Provider of wealth management CRM software for financial advisors | $20M | 77 mo ago | 82 | Emily Wilcox Co-Founder & COO | WordPressApple iCloud MailMySQL+37 | Top 10M | 1 launch · 2 awards |
| 14 | iSignthis AML/KYC software for preventing Card Not Present (CNP) fraud | $19M | 92 mo ago | 30 | — | Apple iCloud MailMicrosoft 365Java+9 | Top 5M | — |
| 15 | Lygon Provider of a blockchain-based platform for bank guarantee processing | $14M | 50 mo ago | 50 | Justin Amos CEO | — | — | — |
| 16 | Verrency Provides payment solutions for banks | $14M | 84 mo ago | 25 | — | — | — | — |
| 17 | Tapp Group App-based correspondent banking solution | $13M | 120 mo ago | 80 | Jitto Arulampalam CEO & MD | — | — | — |
| 18 | Avoka Digital sales enablement and manage customer facing business transactions | $12M | 102 mo ago | 270 | — | — | — | — |
| 19 | Simpology Cloud-based loan software | $12M | 60 mo ago | 38 | Kate Gubbins Founder & Chief Customer Officer | TypeScriptZone.jsAngular+8 | Top 5M | — |
| 20 | Flamingo AI-based customer support chatbots and virtual assistance solutions for the insurance industry | $8M | 102 mo ago | 17 | — | — | — | — |
| 21 | Primary Treasury management platform 7Funding top 49%Talent bottom 45%Global bottom 36%Market bottom 10% All 4 signals ▾Fundingtop 49% Talentbottom 45% Globalbottom 36% Marketbottom 10% Funding: Raised $4.8M · 1 rounds over 2 yrs (0.5/yr) Talent: 1 named leader on record rank vs industry peers · Fliar Intelligence Index 7/100 | $5M | 21 mo ago | 7 | Ben Buckingham Founder & CEO | — | — | 1 launch · 1 partnership · 1 award |
| 22 | Waave Provider of real-time payment processing services using Australia's PayTo network | $5M | 38 mo ago | 6 | Mark Connolly Co-Founder | WebflowApple iCloud MailGoogle Workspace+19 | Top 50M | — |
| 23 | Peppermint Innovation Proprietary Mobile Banking Technology provider 22Innovation top 23%Product top 34%Funding top 40%Talent bottom 49% All 9 signals ▾Innovationtop 23% Producttop 34% Fundingtop 40% Talentbottom 49% Newsbottom 36% Globalbottom 36% Techbottom 31% Fin. healthbottom 23% Marketbottom 17% Innovation: 11 product lines · Deep-tech classification: Blockchain Product: 0 product launch events in 12 mo · 11 distinct product lines rank vs industry peers · Fliar Intelligence Index 22/100 | $4M | 3 mo ago | 20 | Christopher Kain Founder & CEO & Managing Director | — | — | — |
| 24 | Sherlok Provider of automated mortgage rate tracking and repricing solutions | $3M | 35 mo ago | 19 | Adam Grocke Founder & CEO | WordPressZohoMySQL+22 | Top 50M | — |
| 25 | Clever AI-based personal finance management solution | $3M | 45 mo ago | 19 | Gavin Nguyen Co-Founder & CTO | Node.jsThree.jsTailwind CSS+20 | Top 10M | 1 launch · 1 expansion · 1 award |
| 26 | Douugh Digital bank for individuals | $2M | 50 mo ago | 22 | Andy Taylor Co-Founder & CEO | StatamicPHPLaravel+19 | Top 5M | — |
| 27 | FinchXP Open banking API solutions | $2M | 103 mo ago | 5 | Shahirah Gardner Co-Founder | — | — | — |
| 28 | Parpera Provider of management consulting and financial services | $2M | 55 mo ago | 9 | Daniel Cannizzaro Founder & CEO | — | — | — |
| 29 | AuditCover Online tax audit insurance platform for individuals and businesses | $2M | 50 mo ago | 12 | — | SentrySalesforceTailwind CSS+8 | Top 50M | 1 award |
| 30 | Mozo Comparison platform for financial products with crowd soured data serving as reference | $1M | — | 46 | — | SentryRubyRuby on Rails+27 | Top 1M | — |
| 31 | Mist Provider of an internet first bank for international students | $1M | 30 mo ago | 8 | John Crutchley Founder & CEO | — | — | — |
| 32 | ResponSight Threat detection using behavioral analytics | $937K | 76 mo ago | 6 | — | — | — | — |
| 33 | givvable Provider of solutions for managing sustainable sourcing 14Talent top 38%Funding top 49%Global bottom 36%Market bottom 23% All 4 signals ▾Talenttop 38% Fundingtop 49% Globalbottom 36% Marketbottom 23% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $259k across 1 rounds · 1 rounds over 2 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 14/100 | $259K | 2 mo ago | 15 | Frances Atkins Co-Founder | — | — | — |
| 34 | BreezeDocs Automated document processing software application | $250K | 147 mo ago | — | John Steven Schagen Co-Founder | — | — | — |
Top 12 Banking Tech companies in Australia
#1
Series B · Sydney, New South Wales · founded 2011 · 206 employees$197.7Mraised▾
Provider of automated software for corporate identity and compliance verification. This platform aggregates public and private data to generate digital risk profiles for business entities. It automates the collection and processing of information required for regulatory due diligence, beneficial ownership checks, and sanctions screening. The software integrates with existing banking systems to facilitate identity validation and document management. By structuring data from various sources, the system supports the maintenance of client records and assists in meeting regulatory requirements for financial crime prevention.
- Oct 2025Conventional Debt—
- Jul 2025Series B$7.5M
- Jul 2024Series B$10.3M
- Dec 2023Series B$11.9M
#2
Public · Perth, Western Australia · founded 2007 · 20 employees$3.7Mraised▾
Peppermint Innovation Limited is a company focused on the commercialisation of a proprietary Mobile Banking, Payments and Remittance technology, designed for banks, mobile money operators, remittance companies, payment processors, retailers/merchants, credit card companies, and microfinance institutions.
- Mar 2026Post IPO$1.5M
- Mar 2024Post IPO$717K
- Jun 2018Post IPO$700K
- Apr 2018Post IPO$767.1K
#3
Series C · Sydney, New South Wales · founded 2015 · 250 employees$91.8Mraised▾
Cloud-based debt collection solutions for businesses The offering includes omnichannel communications, receivable management, payments & reconciliation, self-service customer portal, API integration, report analytics, and code compliance. It provides settlement negotiation, dispute management, payment plan management, data management & reporting, and more.
- Sep 2024Series C$40M
- Jul 2022Series B$22.5M
- Jul 2021Series B$25M
- Feb 2021Series A—
#4
Public · Melbourne, Victoria · founded 1992$25.4Mraised▾
Provider of digital payment and ATM services. This entity offers last-mile payment solutions, facilitating banking services, utility payments, money transfers, and e-commerce transactions. It also provides ATM transaction processing and managed services for banks and white-label operators, including an outsourced e-surveillance solution leveraging machine learning and artificial intelligence. The company's services extend to a network of merchants, enabling card and cash services. Further expansion includes developing a full digital payments bank.
- Mar 2025Post IPO$25.4M
#5
Seed · Sydney, New South Wales · founded 2019 · 15 employees$258.6Kraised▾
Provider of solutions for managing sustainable sourcing. It connects suppliers and buyers on the platform. And enables businesses to search & find verified suppliers, source procurement, track spending with a real-time dashboard, and more.
- Apr 2026Seed—
- Feb 2024Grant (prize money)$258.6K
#6
Public · Melbourne, Victoria · founded 2016 · 666 employees$1.2Braised▾
Digital bank for businesses. It is a challenger bank that lends to small and medium-sized businesses in Australia. It is Australia’s third-largest bank lender to the business sector and provides loans including lines of credit, business loans, and equipment loans to businesses.
- Jun 2021Series D$174M
- Dec 2020Series D$284M
- May 2020Series C$147.7M
- Apr 2020Grant (prize money)$308.3M
#7
Series A · Sydney, New South Wales · founded 2022 · 60 employees$54.4Mraised▾
Software-based customer management platform for banks. It offers a cloud-based platform to help banks manage their customers, offer banking products, and more.
- Apr 2024Series A$33M
- May 2023Seed$21.4M
#8
Seed · Sydney, New South Wales · founded 2022 · 7 employees$4.8Mraised▾
Developer of a treasury management platform intended to provide secure and transparent treasury management. The company's platform includes features such as real-time data, automated workflows, and integrated risk management, enabling financial institutions to manage their cash and investments securely.
#9
Series C · Melbourne, Victoria · founded 2014$60.3Mraised▾
Incredo provides lenders a tool which delivers a secure way to retrieve and assess the customer’s bank statements and overview of their customer’s financial position. It automates the processes for assessing a credit applicants financial position. The borrower's bank account data is retrieved and converted into a customised report that breaks down critical information, relevant to the credit product, into categories. It allows Credit Provider’s to set their high-level lending criteria into its analytical engine which allows for customised and tailored reporting.
- May 2023Series C$30M
- Jun 2019Series B$22M
- Mar 2019Grant (prize money)$56.7K
- Oct 2018Grant (prize money)$19.2K
#10
Deadpooled · Sydney, New South Wales · founded 2017 · 120 employees$259.4Mraised▾
Xinja is a neobank for consumers. It offers services such as deposit accounts, money transfers, bill payments, debit cards for online/offline purchases, and more. It offers an app-based platform that is available on iOS & Android devices. It also offers Stash for alternative savings accounts.
- Mar 2020Series C$92.5M
- Mar 2019Series B$1.8M
- Mar 2018Series B$2M
- Jan 2018Series B—
#11
Acquired · Sydney, New South Wales · founded 2016 · 50 employees$26.3Mraised▾
Trade Ledger provides a loan origination solution for business loans. It enables lenders to automate the lending process and offers invoice lending, receivables management, supply chain finance management, and more. It allows lenders to automate the invoice purchase process and analyze the risk of collaterals.
- May 2023Conventional Debt$3.7M
- Feb 2021Series A$24M
- Oct 2019Seed$1.9M
- 2017Seed$390.8K
#12
Series E · Sydney, New South Wales · founded 2017$119.2Mraised▾
Cooperative bank
- Jun 2021Series E$37.7M
- Jan 2020Series C$48.1M
- Mar 2019Series C$25M
- Jan 2019Series A$8.4M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Fintech is moving in Australia
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 333 Australia-affiliated papers.
- Department of Commerce187
- Department of Finance16
- University College London12
- UNSW Sydney12
- Griffith University7
- Financial services7
- Leverage (statistics)5
- Financial inclusion4
- Payment4
- Database transaction4
- Financial services2→52
- Financial inclusion2→35
- Payment1→14
- Mobile payment1→11
- Unbanked1→6
- Financial services7→58
- Financial inclusion1→48
- Payment1→25
- Transformative learning1→7
- Financial regulation2→5
Where fintech is researched across Australia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.