Silicon valley down under: The next class of fintech unicorns is bred in Australia & NZ

Sep11

by Sindy Cator on September 11, 2015 at 8:44 pm

Posted In: Around the Web, Australia, startup

Australia and New Zealand are rapidly emerging as two of the healthiest tech ecosystems in the world, where innovation is thriving and venture capital is flowing. Every year, we see more startups from Australia and New Zealand following the same pattern: huge growth, successfully funded, global expansion and billion-dollar valuations. For example, Xero, the small business accounting platform that’s taking on Intuit, hails from New Zealand. The company recently raised another US$110 million in funding, which put its valuation at over US$4 billion. Xero is currently laying the groundwork for a US IPO. Enterprise software vendor Atlassian was founded in Australia,…