Lending and payment providers have been the early darlings of the local fintech scene, helping Australians spend up big, but the next wave of up-and-coming fintechs is more focused on helping people better manage their finances.

There are more than 600 active fintechs across Australia, according to KPMG, receiving $101 million in investment in the first half of 2019. Fintech investment slowed globally compared to the year before, but KPMG views this as a "pause" rather than a stop.