Fintechs – start-ups that use technology to build early-stage financial services sector businesses – are becoming some of the most exciting new ventures in the country. The sector is starting to mature, with more of these nascent businesses now making money.

Research firm Frost & Sullivan's data indicates revenue produced by local fintechs will grow at a compound annual growth rate of 76.3 per cent and exceed $4 billion by 2020. This growth will be driven by lower taxes on start-up investments, growth in mobile payments and the rise of tech-savvy digital natives. Its figures show revenue from the Australian fintech sector will exceed $4 billion by 2020.