Sydney-based fintech hub Stone & Chalk has entered into a partnership with accounting giant, Ernst & Young (EY).
The aim of the collaboration between the two will see EY continue its involvement in the fintech sector, but now at a grassroots level, providing professional support and advice to Stone & Chalk’s start-ups.
EY fintech leader Anita Kimber said that the Australian start-up community could benefit from EY’s long standing experience and networks.
“We can help equip them with the tools and support they need,” she said.
“There is a massive opportunity here for Australian fintech entrepreneurs to be at the forefront…but they need access to global markets to reach their next stage of growth.”
Kimber is confident that EY’s ‘regionally-integrated and globally connected’ approach will help fintechs foster the collaborative skills needed to increase global opporunities.
“One of our key aims is to help Stone & Chalk members create new relationships – with financiers, customers, potential partners and acquirers – that help them to accelerate their growth and achieve their business goals,” she said.
“There are obvious synergies in linking innovative start-ups with larger companies,” “There are obvious synergies in linking innovative start-ups with larger companies.”
With over 40 residents start-ups, Stone & Chalk operates one of Australia’s most successful hothouse enviornments for alternative finance organisations, which Kimber said will be enriched through the collaborative efforts of Stone & Chalk with EY.
“It’s about connecting the whole financial ecosystem and building bridges between entrepreneurs, financial institutions, venture capitalists, regulators and governments,” she said.
“EY’s extensive local, Asia-Pacific and global financial services network means we are well-placed to help make these connections.”