Australia saw over $1.4bn raised by fintech companies in the country in 2019 across 38 deals, a new record, thanks to rising numbers of funding rounds above $100m, according to data from the FinTech Global.

Of this total nearly three quarters (72.8 per cent) was invested in transactions valued at or above $100m while the amount invested in deals below $100m has remained fairly flat since 2017. 
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Last year’s record fundraising accounted for nearly half (47 per cent) of the total capital raised in the country over the past four years . Of the top 10 deals, one was raised in Q1 2019, one in Q2 2019, six in Q3 2019 and two in Q4 2019.

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