Farley Blackman YBF

YBF Chosen to Spearhead Fintech Hub by Victorian Government

YBF Ventures is pleased to announce that it is partnering with the Victorian Government to create Melbourne’s first fintech hub, which will be located at the YBF’s new 3,100 square-metre headquarters in the CBD at 520 Bourke Street.

It’s an honour to have been chosen to build out the hub, which will bring together startups, investors, industry, corporates and researchers in a collaborative work space.

A FRONT SEAT TO THE FINTECH REVOLUTION

“Driving the fintech ecosystem in Victoria perfectly aligns with YBF’s mission to remain the country’s number one innovation hub for tech. The fintech startups that will work out of the new, full-service office space will have access to our entire suite of business offerings,” said Farley Blackman, YBF’s CEO.

The YBF fintech hub will support the delivery of a range of advisory services focused on assisting fintech startups to develop and commercialise their business concepts.

Innovation Minister Philip Dalidakis said it was an ideal partnership to generate growth and help Victorian startups through the new hub, “We’re proud to partner with YBF to support the fintech sector – a sector that will support jobs and businesses in our future economy.”

The hub would provide companies with targeted mentoring, incubation and acceleration services and access to advisors and distribution partners.

PARTNERING TO ACCELERATE GROWTH

As part of the program, Startupbootcamp will deliver its intense, three-month-long FinTech Accelerator Program. The globally-renowned Startupbootcamp FinTech Accelerator Program, originating from European fintech capitals London and Amsterdam and now delivered globally in cities such as New York, Singapore, Mumbai and Mexico City, will provide the startups with hands-on mentorship, seed funding and direct access to a network of investors and corporate partners from the fintech industry.

“Startupbootcamp chose to partner with YBF due to their exemplary reputation. Our partnership will provide a huge boost to the number of new fintech businesses being created in Melbourne by connecting our startups to our international fintech network of 60+ corporate partners. Between YBF and Startupbootcamp, we have the capability, experience and network to take fintech startups from concept to international scale-up,” said Trevor Townsend of Startupbootcamp.

INDUSTRY LEADERS

“Since 2011, YBF has created a strong and sustainable community of innovation in Melbourne and we’ll continue to strengthen our positioning with the addition of the YBF fintech hub. We will be hosting a large number of networking events at the new hub as well as holding pitch practice sessions and competitions,” Mr Blackman added.

“We will also seek to support and attract investment for startups. Workshops on business skills will also be part of the curriculum, including financial, legal and tech to assist growth and achieve scale.”

YBF chair and fintech hub advisory board member, Mike Smith said, “The YBF fintech hub further solidifies YBF’s foothold in fintech and underpins Melbourne and Victoria as leaders of innovation. We look forward to announcing the full advisory board in due time.”

The global talent on the YBF fintech hub board will combine with YBF’s existing international connections in Silicon Valley, Europe and APAC to help Australian companies scale-up as well as provide a landing pad for international fintechs.

See more on The Australian.

Photograph of YBF’s CEO Farley Blackman in the newly-acquired headquarters at 520 Bourke Street by Michael Rutter.