Capital is critical for growth and success. Regardless of the strength of an offering or the projected demand in the market, start-up and second stage fintechs need to be able to raise capital and manage the burn rate each month.

The story in 2019 is markedly different to 2018. This year the big theme is of a tightening of access to capital, reflected in slightly less success in capital raising and lower levels of funds raised. There is also a skew to the more established and larger players in the fintech space. Two of the big shifts this year are in the percentage of fintechs that are post-revenue (77%, up 9 points from 2018) with close to one in four fintechs being profitable; and tighter management of cash reserves reflected in a reduced burn rate.

For detailed information about raising and managing capital, please download the EY FinTech Australia Census 2019 Report.


FinTech Australia membership
Company maturity
Number of employees
Company stage
Company funding

Attempts at raising capital

Q15C. Has your company tried to raise capital?
Base: All respondents (n=)

Scale of last capital funding

Q16B. What was the size of your last round of capital funding?
Base: Have raised or currently raising capital excluding not applicable (n=)

Capital raised to date

Q16A. Approximately how much capital has your company raised to date?
Base: Have raised or currently raising capital (n=)

Source of capital

Q14C. How is your company funded?
Base: All respondents excluding 'prefer not to say' (n=)

Monthly burn rate

Q17A. What is your current burn rate per month?
Base: All respondents (n=)