PRESS RELEASE: FinTech Australia elects its founding Committee

FinTech Australia, a national association for the Australian FinTech Startup community, has announced the election of its founding Committee:

• Simon Cant, Co-Founder and Managing Director of Reinventure, has been appointed President
• Charlotte Petris, Founder and CEO of Timelio, has been appointed Vice President
• David Ball, Australian Director and Country Manager of Yodlee, has been appointed Secretary
• Nick Motteram, Co-Founder and Managing Director of On-Market BookBuilds, has been appointed Treasurer
• Alex Scandurra, CEO of Stone and Chalk; Stuart Stoyan, Founder and CEO of MoneyPlace; and Jack Quigley, Founder and CEO of CrowdFundUp have been appointed to the governing Committee

The election of the founding Committee is in keeping with FinTech Australias national footprint, with Committee members being elected from Queensland (David Ball), New South Wales (Simon Cant, Nick Motteram and Alex Scandurra), Victoria (Charlotte Petris, Stuart Stoyan) and Western Australia (Jack Quigley) as well as a range of stakeholder types including ventures, VCs and hubs.Counting over 50 of Australias leading FinTech ventures as its founding members, FinTech Australia has already achieved significant traction since its inception in October 2015. The association made a call to action for Australia to make FinTech a national priority last November. It has since driven collaboration within the Australian FinTech community to deliver a set of proposed Financial Services Reform priorities at the request of Treasury.Both initiatives were pivotal in the Federal Treasurers establishment of the FinTech Advisory Group, which includes representation from four FinTech Australia members.Fintech Australia will continue to work with the Treasurers FinTech Advisory Group to create a more regulatory-friendly environment for startups, focusing on critical issues such as:

• Improving the startup tax incentives that will enable Australia to retain and attract the best ventures and entrepreneurs;
• Improving the workability of the crowdfunding proposals; and
• Creating a regulatory sandbox to enable startups to innovate on new models without the expense of full licensing, but still ensuring consumers are protected.

Simon Cant, President of FinTech Australia, says, Im thrilled to have the opportunity to work with such a driven group of members and a highly engaged committee to accelerate the growth of FinTech in this country, and make Australia the leader in our region.Charlotte Petris, Vice President of FinTech Australia said, Were excited to be part of a truly national startup representative body and well be working hard as a committee to continue to attract FinTech ventures from around the country.FinTech Australia is growing momentum and looking to take on new members, partners and supporters. For more information on how to get involved, visit www.fintechaustralia.org.au.-END-About FinTech AustraliaFinTech Australia is a national association for the Australian FinTech Startup community. Our vision is to make Australia the leading market for FinTech in Asia by working with Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.Media Contact:Simon CantManaging PartnerReinventure GroupPh. 0412 483 621Email: simon@reinventure.com.au