Best Banking Tech Companies in New South Wales, Australia
The 82 best Banking Tech companies in New South Wales, Australia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Xinja.
Ranked: Best Banking Tech companies in New South Wales
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Founded | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Xinja Neobank for consumers | $259M | 74 mo ago | Deadpooled | 120 | Eric Wilson Co-Founder | 2017 | — |
| 2 | 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 | Series B | 206 206 → 148 (-28%) | Wayne Johnson Co-Founder & CEO | 2011 | — |
| 3 | Volt Cooperative bank | $119M | 60 mo ago | Series E | — | Steve Weston Founder & CEO | 2017 | — |
| 4 | InDebted Cloud-based debt collection solutions for businesses | $92M | 20 mo ago | Series C | 250 | Josh Foreman Founder & CEO | 2015 | 1 job opening · 1 launch · 1 award |
| 5 | Constantinople Software-based customer management platform for banks | $54M | 26 mo ago | Series A | 60 | Macgregor Duncan Co-Founder & Co-CEO | 2022 | — |
| 6 | Avenue Bank Developer of the digital bank for businesses | $37M | 63 mo ago | Series B | 29 | — | 2018 | — |
| 7 | Trade Ledger Loan origination solution for business loans | $26M | 36 mo ago | Acquired | 50 | Matthias Born Co-Founder & CTO | 2016 | — |
| 8 | 86 400 Digital bank for individuals | $21M | 74 mo ago | Series A | 111 | — | 2017 | 1 launch |
| 9 | PractiFI Provider of wealth management CRM software for financial advisors | $20M | 77 mo ago | Series B | 82 | Emily Wilcox Co-Founder & COO | 2013 | 1 launch · 2 awards |
| 10 | Lygon Provider of a blockchain-based platform for bank guarantee processing | $14M | 50 mo ago | Series A | 50 | Justin Amos CEO | 2017 | — |
| 11 | Avoka Digital sales enablement and manage customer facing business transactions | $12M | 102 mo ago | Acquired | 270 | — | 2005 | — |
| 12 | Simpology Cloud-based loan software | $12M | 60 mo ago | Series B | 38 | Kate Gubbins Founder & Chief Customer Officer | 2006 | — |
| 13 | Flamingo AI-based customer support chatbots and virtual assistance solutions for the insurance industry | $8M | 102 mo ago | Deadpooled | 17 | — | 2014 | — |
| 14 | Primary Treasury management platform | $5M | 21 mo ago | Seed | 7 | Ben Buckingham Founder & CEO | 2022 | 1 launch · 1 partnership · 1 award |
| 15 | Waave Provider of real-time payment processing services using Australia's PayTo network | $5M | 38 mo ago | Acquired | 6 | Mark Connolly Co-Founder | 2022 | — |
| 16 | Clever AI-based personal finance management solution | $3M | 46 mo ago | Seed | 19 | Gavin Nguyen Co-Founder & CTO | 2020 | 1 launch · 1 expansion · 1 award |
| 17 | Douugh Digital bank for individuals | $2M | 50 mo ago | Public | 22 | Andy Taylor Co-Founder & CEO | 2016 | — |
| 18 | Parpera Provider of management consulting and financial services | $2M | 56 mo ago | Series A | 9 | Daniel Cannizzaro Founder & CEO | 2020 | — |
| 19 | AuditCover Online tax audit insurance platform for individuals and businesses | $2M | 51 mo ago | Seed | 12 | — | 2018 | 1 award |
| 20 | Mozo Comparison platform for financial products with crowd soured data serving as reference | $1M | — | Acquired | 46 | — | 2008 | — |
| 21 | Mist Provider of an internet first bank for international students | $1M | 30 mo ago | Seed | 8 | John Crutchley Founder & CEO | 2021 | — |
| 22 | givvable Provider of solutions for managing sustainable sourcing | $259K | 2 mo ago | Seed | 15 | Frances Atkins Co-Founder | 2019 | — |
Top 12 Banking Tech companies in New South Wales
#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
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—
#3
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
#4
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
#5
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.
#6
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—
#7
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
#8
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
#9
Series B · Sydney, New South Wales · founded 2018 · 29 employees$37Mraised▾
Developer of the digital bank for businesses. It offers digital banking services for Australia-based businesses. It provides commercial leasing, accounting, financial planning services, and more. It also offers partner programs that enable businesses to include clients and partners for banking services.
- Feb 2021Series B$37M
#10
Series A · Sydney, New South Wales · founded 2017 · 50 employees$14.4Mraised▾
Provider of a blockchain-based platform for bank guarantee processing. It provides users with blockchain-based solutions for banks to provide bank guarantees. It also provides consumers with a faster bank guarantee procedure by digitising the bank guarantee through core technology that can be used for different types of financial instruments, allows same-day issuance, and lowers the risk of fraud and handling errors.
- Apr 2022Series A$9.4M
- Aug 2021Seed$5M
#11
Acquired · Sydney, New South Wales · founded 2022 · 6 employees$4.7Mraised▾
Provider of real-time payment processing services using Australia's PayTo network. It allows customers to make instant payments at checkout by connecting to their bank. Customers authenticate the payment through their banking app using a notification, text, or email. The service connects with Australian banks, internet browsers, and phone operating systems.
- Apr 2023Seed$4.7M
#12
Series B · Sydney, New South Wales · founded 2013 · 82 employees$19.8Mraised▾
Provider of wealth management CRM software for financial advisors. It offers a platform designed to address the specific challenges faced by financial advisory firms. The software includes features such as automated task management, compliance tracking, an open API for integrations, pipeline management, and workflow automation tools. It also provides robust reporting and analytics capabilities to support data-driven decision-making. The platform is designed to enhance client relationships through improved communication and personalized service. Development incorporates client feedback to ensure the software meets the evolving needs of the industry.
- Jan 2020Series B$16.3M
- Aug 2018Series A$2.2M
- Sep 2015Seed$1.3M
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
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.