New fintech hubs boost Melbourne’s growing sector

Financial Transactions between phones

The Victorian Government is partnering with two hub operators – Stone & Chalk and YBF Ventures  – to help grow Melbourne’s thriving financial technology sector.

These fintech hubs are being established to help grow Victoria’s vibrant and innovative fintech sector. They will provide startups with physical space as well as access to collaborators, mentors, investors and customers.

Financial services is the largest sector of the Victorian economy, employing more than 115,000 people and contributing $40 billion per annum. New technologies are rapidly changing the way this industry operates and the new hubs are designed to help the local fintech sector reach its full potential and create jobs, businesses, technologies and exports.

The Stone & Chalk hub will be located at the Goods Shed North in Docklands, joining existing cyber security organisations including Data 61 to establish a fintech and cyber security precinct.

The YBF Ventures hub at 520 Bourke Street will offer a range of advisory services focused on helping fintech startups develop and commercialise business concepts. It will also partner with Startupbootcamp to deliver a FinTech Accelerator Program.

To find out more about the hubs, visit Stone & Chalk and YBF Ventures. Visit the Startupbootcamp to find out more about the accelerator program.