FINNIE Award Winners Announced

Winners of the inaugural FINNIE awards were announced on Wednesday at a gala ceremony in Sydney, where 29 awards were distributed for excellence in the fintech sector.

FINNIE Award Winners Announced

 

The major award of FinTech Organisation of the Year went to Afterpay, which brings an interesting solution to retail transactions, allowing customers to shop and receive an item straight away and then pay for it later in four interest-free fortnightly payments.

Judges said Afterpay has a “strong customer centric” solution to retail transactions and were impressed that the company has attracted “independent private sector bank financing”.

The joint CEOs of influential Australian small business lender Prospa, and the head of the trail-blazing company AgriDigital, were declared Australia’s fintech industry leaders for 2017.

CEOs Greg Moshal and Beau Bertoli both won the Male FinTech Leader of the Year for their work at Prospa, where customers can receive unsecured loans of up to $250,000 in less than 30 minutes after submitting their application.

“Prospa comes with a fresh and energetic attitude, sourced straight from its founders,” said the judges.

“Very clear vision and target-focused, the results speak for themselves.”

AgriDigital CEO Emma Weston won the awards for both Female FinTech Leader of the Year and Emerging FinTech Leader of the Year.

A commodity management and financing solution for the global grains industry, AgriDigital has experienced a lot of success under Ms Weston’s leadership.

In 2016, they successfully executed the world’s first ever live settlement of a physical agri-commodity on a blockchain between a grower and a buyer.

Judges said Ms Weston displays a “strong combination of business and technical leadership” and “showcases resilience, creativity, and tenacity in a new business undertaking”.

These are the winners of the 5 headline FINNIE awards:

  • FinTech Organisation of the Year: Afterpay
  • Female FinTech Leader of the Year: Emma Weston, CEO and co-founder of AgriDigital
  • Male FinTech Leader of the Year: Greg Moshal and Beau Bertoli from Prospa (joint winners)
  • Emerging FinTech Organisation of the Year: Spaceship
  • Emerging FinTech Leader of the Year: Emma Weston, CEO and co-founder of AgriDigital

FinTech Australia President Simon Cant said he was impressed by the quality of entries and winners in the inaugural awards.

“Tonight’s awards showcase the excellence in Australia’s fintech industry and will help promote this industry to a broader audience, assisting it to grow in a highly globally competitive environment,” he said.

“The winners are a testament to the dynamic and exciting Australian fintech environment, which has come a long way in a few short years and has almost unlimited potential.

“The awards also amplify the work of our fintech industry members, who are taking on and solving key industry challenges, such as increasing leadership diversity and building partnerships with larger financial institutions.”

NSW Minister for Innovation Matt Kean said he was committed to growing this “high-value growth sector to create jobs and economic opportunities”.

“Sydney is home to Australia’s largest financial services industry and a leading Asia Pacific fintech hub, with 54% of our fintech sector based in NSW, including 8 out of 9 Australian fintech startups on the Fintech 100,” said Minister Kean.

Along with the 5 headline awards, there were also awards for companies demonstrating excellence in 17 sub-sectors, plus another 7 awards recognising collaborative partnerships, workplace diversity, market presence, and marketing.

Timelio, a company that uses technology to make it fast, easy, and affordable for businesses to turn invoices into cash, won the award for Best Workplace Diversity.

“The references provided by two employees (one female and one male employee) also speak to inclusiveness and diversity of thought, with reference to a leadership style that is consultative and seeks input, yet also allows autonomy and responsibility/ownership of actions by employees,” said the judges.

The highly popular wealth management app and website Acorns Grow won the award for Excellence in Wealth Management, competing against other finalists like Fincast, Pocketbook, and Sharesight.

Judges said the simple and easy use for customers makes investing easy, which is “essential for tapping the target market”.

The full list of FINNIES award winners is as follows:

  • FinTech Organisation of the Year: Afterpay
  • Emerging FinTech Organisation of the Year: Spaceship
  • Female FinTech Leader of the Year: Emma Weston, CEO and co-founder of AgriDigital
  • Male FinTech Leader of the Year: Greg Moshul & Beau Bertoli, founders and joint CEOs of Prospa
  • Emerging FinTech Leader of the Year: Emma Weston, CEO and co-founder of AgriDigital
  • Best Fintech Place to Work: Prospa
  • Best Workplace Diversity: Timelio
  • Marketing Campaign/Branding Initiative of the Year: Equitise – Equitise Bubble
  • Excellence in Establishing Market Presence: Australia: BRICKX
  • Excellence in Establishing Market Presence: Global: Avoka
  • Excellence in Industry Collaboration & Partnerships (Australia): Sharesight
  • Excellence in Industry Collaboration & Partnerships (Overseas): OnDeck Capital Inc.
  • Excellence in Business Lending: RateSetter Australia
  • Excellence in Consumer Lending: RateSetter Australia
  • Excellence in P2P Lending: SocietyOne
  • Excellence in Crowdfunding: CrowdfundUP and Equitise
  • Excellence in Payments (including Remittance/FX): Assembly Payments
  • Excellence in Digital Currencies/Wallets/Exchanges: CoinJar
  • Excellence in Blockchain/Distributed Ledger: AgriDigital
  • Excellence in Cyber Security: Entersoft
  • Excellence in Insurtech: INSTANDA
  • Excellence in Data/Al Solutions: Proviso Data
  • Excellence in Regtech/Risk Management: Proviso Data
  • Excellence in Wealth Management (including PFM and Robo): Acorns Grow
  • Excellence in Asset Management & Trading: SelfWealth
  • Excellence in Financial Inclusion (Social Good): Peppermint Innovation Ltd
  • Excellence in FinTech Support Services: Proviso Data
  • Best Co-Working Space (national): Tank Stream Labs
  • Best Investment Firm (VC, Accelerator, Family Office etc): AirTree Ventures and Reinventure Group
 
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