Stone & Chalk: The Marketplace for FinTechs Breaking the Mould
Fintech has continued to be one of the dominant focus areas for innovation globally in 2018 and has well and truly established itself as the fastest growing sector in the financial services industry worldwide. As bold new solutions spring up from startups, the industry has seen a massive shift in shaking up the way traditional financial services operate forever.
In 2015, Stone & Chalk was born to support the growth of the highest quality fintech startups across Australia. It now has two main innovation hubs in Sydney and Melbourne. Today, Stone & Chalk is home to Australasia’s leading independent fintech hub for startups, scaleups, industry associations and investors. Through Stone & Chalk’s accelerated commercialisation programs it works to connect high potential fintech startups and scaleups with corporate partners as customers, as well as with investors, mentors, and customers.
Alex Scandurra, CEO of Stone & Chalk, says: “We act as a tribe leader for our resident and alumni startups and scaleups to government and regulators; we partner with industry associations such as Fintech Australia, the Insurtech and Regtech Associations and represent our residents at industry summits, driving the fintech agenda on behalf of our community.”
This not-for-profit houses more than 110 impressive fintech startups with over 650 residents in total. In a short period of time, Stone & Chalk’s residents have rose over a $255 million and created over 600 direct jobs to further fuel the fintech industry.
Moreover, more than 140 startups have benefitted from Stone & Chalk by successfully graduating including 15 exporting overseas and close to 50% already securing various forms of commercial deals with Stone & Chalk’s corporate partners. Overall, Stone & Chalk is linked up with more than 27 Australian and international corporate partners, which are coached to be start-up ready, through strategic programs, executive and board education, workshops all founded on the common thread of mutual collaboration.
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