NSW startups dominate at Australia’s Fintech Awards

NSW startups dominate at Australia’s Fintech Awards

The female head of a trailblazing NSW energy financing startup - which last month secured $18.5 million in additional funding – has been named Australia’s Outstanding Fintech Leader of the Year.

Katherine McConnell, the founder and CEO of Brighte, received the honour at FinTech Australia’s ‘Finnie Awards’ held last night in Sydney.

Presented by Jobs for NSW, the Finnies are Australia’s only industry-backed fintech

NSW Deputy Premier and Minister for Small Business John Barilaro said he was thrilled to see 16 out of the 23 award winners were NSW based, including the fintech leader of the year and emerging fintech leader of the year.

'This is a tremendous result for our fintech sector with NSW picking up 55 out of 89 finalist positions and now nearly 70% of the awards,' Mr Barilaro said.

'We recognise the important and increasing role of fintech in driving innovation and future growth in our financial services sector.

'The NSW Government is investing heavily in startups which are creating jobs and industries for the future, including through initiatives like Jobs for NSW and the Sydney Startup Hub as well as our support for the Finnie Awards.'

The Finnies celebrate the remarkable achievements of Australia’s best fintech businesses who are recognised for excellence in sectors such as lending, wealth management, payments, crowdfunding, blockchain, artificial intelligence and regtech.

A new award category was also introduced in this year’s awards for the best fintech customer experience/design outcome.

The awards were decided by 81 domestic and international judges.

FinTech Australia CEO Brad Kitschke congratulated the 2018 winners who he said reflected the maturity and growth of Australia’s fintech industry.

'The winners of the 2018 Finnies are providing consumers and businesses new and improved services and a real alternative to the banks and other traditional financial institutions,' Mr Kitschke said.

'The winners include smaller fintech startup companies but now also include larger scale-up fintechs which are dominant players in their sectors and are major employers in their own right.

'The fact we received 223 award entries – a 40% increase from the 158 entries in 2017 – in itself illustrates the increasing number of strong companies and leaders within our growing Australian fintech industry.'

As well as the full list of winners below, the inaugural chair of FinTech Australia and co-founder of Sydney-based Reinventure, Simon Cant, received a Services to FinTech award for his contributions as an 'inspirational founding father of the Australian fintech movement'.

Category winners

  • FinTech Organisation of the Year - Afterpay
  • Emerging FinTech Organisation of the Year - Civic Ledger
  • Outstanding FinTech Leader of the Year - Katherine McConnell, Founder and CEO, Brighte
  • Female FinTech Leader of the Year - Airwallex co-founder and chief operating officer Lucy Liu
  • Emerging FinTech Leader of the Year - Afterpay CEO and co-founder Nick Molnar
  • Excellence in Wealth Management - Pocketbook
  • Excellence in Payments - Airwallex
  • Excellence in Consumer Lending - RateSetter Australia
  • Excellence in Regtech - Proviso
  • Excellence in Blockchain/Distributed Ledger - AgriDigital
  • Excellence in Business Lending - Trade Ledger
  • Excellence in Data/AI Solutions - Data Republic
  • Excellence in Insurtech - Cover Genius
  • Excellence in Cyber Security - XM Cyber
  • Excellence in Digital Currencies/Wallets/Exchanges - Finch
  • Excellence in Crowdfunding - OnMarket
  • Best Marketing/Branding Initiative of the Year - SocietyOne
  • Excellence in Industry Collaboration & Partnerships - TravelbyBit
  • Excellence in Establishing Market Presence: Global - Verrency
  • Excellence in FinTech Support Services (Infrastructure and Investment) - Stone & Chalk
  • Excellence in FinTech Support Services (Professional Services) - The Fold Legal
  • Best Customer/User Experience - Look Who's Charging
  • Best Workplace Diversity - Valiant Finance

Katherine McConnell - Outstanding Fintech Leader of the Year

Australia’s Outstanding Fintech Leader of the Year Katherine McConnell founded NSW startup Brighte in 2015 after a 16-year career in investment banking and financial services.

Her company provides on-the-spot finance for energy home improvements, such as solar panels, insulation and batteries. Applications take two minutes for customers to complete, with a credit outcome received in nine seconds.

Since it launched 18 months ago, the startup has approved over $50 million of applications from more than 6,000 Australian homeowners.

One judge said of Ms McConnell: 'Katherine is an inspirational female fintech founder and has demonstrated her excellent leadership skills and vision to drive the business growth of Brighte'.