The Australian Fintech sector is constantly growing and is already a world leader when it comes to alternative finance – yet all these new companies need investors.
Angel investors and seed round buyers have become rather scarce in recent years. More precisely, the downward spiral has been worsening for the past three years, with 2019 alone showing a nosedive of 46% in volume terms and 29% in aggregate dollars invested.
According to the Australian government, within 10 years all fintech may be blockchain-based. The interest in blockchain-based companies is definitely there, but more funding is needed to spur Australia’s development in fintech. Which is why AirTree have decided to do something to help
Open Source Investing Program For FinTech Companies
Today, Venture Capital firm Airtree has announced its Explorer Program, a pilot program to help support the next generation of technology investors in Australia and NZ, with a focus on new Australian fintech companies.
The Explorer Program is aimed not only at budding investors who may not have too many assets to invest but also at startup founders themselves!
The pilot phase will onboard 20 explorers from across Australia and New Zealand and will give entrepreneurs everything they need to succeed as investors in cryptocurrency startups.
Following an open-source investor education program and networking with professionals eager to lend them a hand, the selected entrepreneurs will receive a cheque to invest in fintech startups.
“For any Explorer that introduces us to a company that we invest in, we’ll bring you in on the investment alongside AirTree by giving you a small cheque to invest. There are no weird complications — you become like any other shareholder on the cap table, and you maintain your own relationship with the founders. You can start to build your own track record — but without needing piles of your own cash to invest. “
Applications to the AirTree Explorer program are open until the 30th of September – so if you’re looking into becoming an investor, give it a shot!