Funded Financial Services Startups in Australia
Disclosed deal sizes here cluster heavily in the low-to-mid tens of millions, but one disclosed round stands well above the rest: Qualitas Group’s $367M on…
Disclosed deal sizes here cluster heavily in the low-to-mid tens of millions, but one disclosed round stands well above the rest: Qualitas Group’s $367M on 2024-06-26 dwarfs other large rounds such as Prospa ($132M on 2024-04-05) and JustFund ($86M on 2024-11-04). In contrast, the smallest disclosed amount is $100K for Lodgicl on 2025-05-01, with several other sub-$1M rounds like Australian Medical Angels ($200K on 2024-08-09) and Upworth ($650K on 2023-11-14).
Geographically, New South Wales dominates by city repeats and volume: multiple entries list Sydney (e.g., PropHero on 2025-08-04 for $3M; Butn on 2025-07-02 for $66M; Superhero on 2025-06-01 for $11M) alongside nearby North Sydney (DARE Technology on 2024-10-10 for $5M) and Ultimo (aglow on 2024-08-12 for $820K). Temporally, the most recent 2025 activity is concentrated from 2025-08-25 (Send Payments, $5M) back through 2025-02-10 (upcover, $11M), while the oldest entry shown is LAB Group on 2023-10-23 for $4M. Stage reporting is mixed: 20 of 50 rows are “Series Unknown” and 7 of 50 are “undisclosed.”
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Frequently asked
Which disclosed rounds look like outliers in size, and what are the nearest competitors?
The clear size outlier is Qualitas Group’s $367M on 2024-06-26; the next-largest disclosed amounts shown are Plenti at $320M on 2025-02-06 and Myriota at $31M (2024-12-19 is far below). On the low end, Lodgicl’s $100K on 2025-05-01 is the smallest disclosed amount in the table, with sub-$1M deals also appearing like Upworth ($650K on 2023-11-14) and aglow ($820K on 2024-08-12).
How concentrated are deals by city, especially around Sydney?
Sydney-linked rounds appear frequently across multiple months: PropHero (Sydney, 2025-08-04, $3M), Butn (Sydney, 2025-07-02, $66M), Superhero (Sydney, 2025-06-01, $11M), Pearler (Sydney, 2025-02-13, $2M), and Prospa (Sydney, 2024-04-05, $132M). The pattern extends to North Sydney (DARE Technology, 2024-10-10, $5M) and Ultimo (aglow, 2024-08-12, $820K), while other hubs like Melbourne and Brisbane show fewer repeats.
Within the most recent 90 days of the rows shown, which deals stand out by disclosed amount?
Using the latest date in the list (2025-08-25, Send Payments), the 90-day window runs roughly from 2025-05-27 onward. In that span, the largest disclosed rounds shown include Advanced (Brisbane, 2025-05-05, $15M), Securely Group (2025-05-19, $6M), and Cromwell Property Group (2025-05-22, undisclosed; excluded from size comparisons); several other rounds are materially smaller such as Lodgicl (2025-05-01, $100K) and Send Payments ($5M on 2025-08-25).
What stage mix dominates, and how much is missing via “Series Unknown” or “undisclosed”?
“Series Unknown” appears in 20 of 50 rows, including large disclosed rounds like Shift ($128M on 2025-04-16) and Plenti ($320M on 2025-02-06). “Undisclosed” amounts appear in 7 of 50 rows, including Cromwell Property Group (2025-05-22) and IDA (2024-12-18), so disclosed size analysis is restricted to the remaining rows with explicit amounts.
Are there multiple deals clustered around mid-2024, and do those clusters include large financings?
A mid-2024 cluster shows up around June, where large disclosed rounds coexist with other financings: Qualitas Group ($367M on 2024-06-26) and several contemporaneous entries such as InvestorHub (2024-07-29, $5M) and Moneycatcha (2024-08-20, $1M) nearby in the calendar. The cluster is also geographically mixed, with Qualitas Group in Melbourne while the broader set includes Sydney-based rounds through mid-2024.
Do any states appear repeatedly relative to others, beyond the Sydney concentration?
After New South Wales/Sydney-area concentration, Victoria and Queensland have visible but smaller repeat presence: Victoria includes Melbourne entries like Prospa ($132M on 2024-04-05), Qualitas Group ($367M on 2024-06-26), and Marmalade (2024-03-19, $11M), while Queensland shows repeated funding in Brisbane/Gold Coast such as Send Payments (Gold Coast, 2025-08-25, $5M) and Advanced (Brisbane, 2025-05-05, $15M). Western Australia appears sporadically with smaller disclosed amounts like ProjectPay (O’connor, 2024-02-05, $880K) and Neometals (Perth, 2024-08-19, $3M).
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