elemnta featured on The Australian Financial Review’s 2024 Fast Starters List
elemnta have announced it has been featured in The Australian Financial Review’s (AFR) Fast Starters List for 2024, which shines a light on Australia’s fastest growing young companies and start-ups. Ranked 27th overall and the second fastest growing fintech on the list, this recognition reflects elemnta’s rapid growth and expansion since its launch in 2023, and its firm commitment to providing innovative, purpose-driven solutions that address the fundamental data integration challenges holding back the Australian wealth management and financial advice industry.
The achievement serves as a testament to elemnta’s efforts in addressing a critical gap in Australia’s AU$2 trillion wealth management sector; solving the accessibility and affordability of quality advice. The industry has long struggled with the burden of legacy systems and a lack of data standardisation across its services, products, platforms and technology. This system-wide fragmentation and persistent disconnect in data integration is driving detrimental cost and capacity constraints for advice practitioners, product providers and clients alike. elemnta’s Integrations Platform solves this core interoperability issue by empowering product providers to integrate multiple systems seamlessly through a universal data model, enabling digital-first strategies that simplify collaboration and streamline engagement with both advisers and clients.
Shaun Green, Chief Executive Officer of elemnta, said, “We are honoured to have been recognised as one of The Australian Financial Review’s fastest growing companies for 2024, which reflects the incredible growth trajectory we have embarked on since our launch late last year.
“Drawing on our own experiences as financial advisers, we have been on a mission to revolutionise Australia’s wealth management ecosystem and tackle the operational challenges we faced head-on, simplifying complexity and amplifying growth.
“Over the past year, we have made significant progress in our ambitions, developing innovative solutions such as our Integrations Platform to address this significant lack of data interoperability plaguing our industry. Our enterprise partnerships have been instrumental to our success, driving significant time and operational cost savings for our partners.”
Green concluded, “These collaborations have solidified our position on the AFR Fast Starters List and set the foundation for continued growth, which includes a pipeline of product providers within the Australian wealth management sector. I would like to thank our partners and our team who have played an integral role in our commitment towards delivering more affordable, accessible and quality financial advice to more Australians.”
The AFR Fast Starters List ranks the fastest-growing young companies in a diverse range of industries across Australia, celebrating innovation, resilience and entrepreneurial spirit. The year, the list featured 100 entries, ranking the companies in line with their compound annual growth rate from the past three financial years.
