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Betashares Tops Australian FinTech Scene Despite 74% Year-Over-Year Funding Decline in 2024
In 2024, the Australian FinTech landscape experienced a significant investment decline, with funding plummeting 74% to $891 million from $3.5 billion in 2023. Deal activity also fell sharply, with only 57 deals recorded, a 66% drop from the previous year. Investors are becoming more selective, focusing on sustainable growth, as reflected in the decreased average deal size of $15.6 million. Notably, Betashares secured the largest deal of the year with a $198 million investment from Temasek. As the market adjusts, FinTech firms must prioritize transparency and cost-effectiveness to attract investment and create long-term value.
InvestiFi Partners with Madison County FCU to Revolutionize Member Experience with Cutting-Edge Digital Investing Tools
Madison County Federal Credit Union (MCFCU) is partnering with InvestiFi to enhance its services by integrating digital investment tools into its online banking platform. This collaboration aims to empower members with access to over 8,600 stocks and ETFs, allowing seamless investing directly from their checking accounts. The partnership will also provide valuable financial education resources to improve members’ financial literacy and decision-making. Leaders from both organizations expressed enthusiasm about the collaboration, highlighting its potential to attract new members and retain deposits. This initiative represents a significant advancement in combining traditional banking with modern investment capabilities.
