Over 7% of Australian fintech companies closed in 2024, with 60 firms shutting down, including 14% from blockchain and crypto. Blockchain and cryptocurrency firms saw a 14% decline in 2024, leaving only 74 active firms, according to KPMG. Regulatory changes and increasing AI interest may shift focus, but spot Bitcoin ETFs and rate cuts could revive the crypto sector in 2025. The Australian fintech sector is facing a challenging period as more than 7% of fintech companies based in the country have closed down in 2024. The biggest casualty? Blockchain…
Australia’s Fintech Faces 7% Decline as Crypto Firms Bear 14% Impact
