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August 09 Edition Cover

Stone & Chalk leads FinTech Hub

05 Oct 2017

Stone & Chalk has been announced to anchor the newly-established FinTech Hub at Goods Shed North.

FinTech Victoria’s former founding CEO, Alan Tsen, is spearheading the operations of the new hub, which will provide free office and in-kind support for start-ups in the finance and technology industries.

Stone & Chalk says the first phase of the hub will link start-ups to the national and international marketplace, offer mentorship, talent and investment across Melbourne and Sydney.

Stone & Chalk has corporate partners including ANZ, NAB, Findex, Genworth and Liberty Financial.

Mr Tsen said the hub would be a helpful boost for start-ups to tap into the national and global FinTech space.

“Melbourne FinTechs have found it hard to access affordable space, as well as mentorship, talent, business programs and capital,” he said.

“As an ecosystem, we’re emerging as a real centre of excellence in a number of FinTech verticals, like wealth, blockchain technology, and cyber security, and by launching Stone & Chalk in Melbourne we will help local FinTech start-ups feel part of a bigger FinTech movement, connecting them with potential investors, and customers nationally and globally.”

Alex Scandurra, Stone & Chalk’s CEO, said the hub could facilitate the development of the local FinTech ecosystem.

“By global standards Australia is a very small market so we need to find more ways to enable collaboration between Australia’s major economic hubs which are our major cities and regions.

“Our Melbourne hub will help to further accelerate an already fast-moving industry that’s integral to Australia’s future,” Mr Scandurra said.

Agricultural technology expert SproutX will also occupy the FinTech Hub.

Andrew Lai, SproutX’s director, said co-locating with Stone & Chalk would help leverage the two companies’ competitive advantage.

“The collaboration between Stone & Chalk with SproutX will see a new Agri-FinTech program developed, to explore how new FinTech innovation can help solve major issues, and opportunities in the global agricultural sector,” Mr Lai said.

 

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