Jobs for NSW, the state’s private-sector led NSW Government-backed job creation agency is backing fintech start-up accelerator H2 Ventures with a loan guarantee of $2 million.
The loan guarantee will help H2 Ventures create up to 40 new startup fintech companies and 400 new jobs across NSW.
H2 Ventures supports the creation of new fintech companies through its highly regarded startup accelerator program. It is on track to invest in at least 100 early-stage fintech companies over the next three to five years, and attract global companies to NSW.
Ben Heap, founding partner of H2 Ventures with his brother Dr Toby Heap, said
“With the support of the NSW Government and Investec Australia, we are looking forward to taking the H2 Accelerator to the next level.
“This support will allow us to attract more domestic and international entrepreneurial talent to NSW and to support a significant number of new fintech ventures, creating new channels growth and jobs.”
Jobs for NSW CEO, Karen Borg, said start-ups like H2 Ventures are reshaping the financial services industry.
“In 2015 investment in the Australian fintech market totaled $438 million. By 2020 it is predicted to reach $4.2 billion.”
For further information visit Jobs for NSW