10 Australian Startups In 2023 That Can Change Aussie Lifestyle

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Besides, being a tourist hub, Australia is also where businesses thrive, especially startups. 

Brands like Gleam and Canva are first-hand examples. Currently, the numbers look pretty impressive, with more than 1800 neo-age brands making an impact.

The reasons aren’t obscure enough to scan.

A. A rock-solid economy: Australia is the 13th among large economies that haven’t witnessed recession for over a couple of decades. Also, this nation has a pretty low unemployment rate and shows stable growth.

B. Strong and uncompromised VC funding: With more than 100 VC firms investing in Australia, coupled with incubators and accelerators, startups are blessed with early-stage boost-ups. Take 2022, for instance, when Australian startups raised no less than $5.1 Billion. Surprisingly, it’s a drop from 2021. Now, that’s growth right there.

Athena

Another 2017-born Aussie startup, Athena, is headquartered in Sydney and is a rising star in the fintech space.

As a solution provider organization, they help individuals accelerate their home loan repayment and simplify the process of purchasing a home.

By connecting homeowners and prospective homeowners with ethical investors, Athena has been able to successfully address the most pressing demands. The company set a new record for the largest fundraising ever achieved by an Australian company in May 2021 (a whopping $90 million).

Judo Bank

As a technology-driven lender, Judo is essentially a neobank specializing in financing solutions for small and medium-sized enterprises. Furthermore, it also offers a variety of personal term deposit products to individuals.

As of January 2020, Judo Bank has successfully extended loans worth $1B to Australian small businesses, while also accumulating $1B in digital retail term deposits.

Read More: 10 Australian Startups In 2023 That Can Change Aussie Lifestyle

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