KPMG's research on the Australian fintech landscape found that more than 7% of fintech companies headquartered in Australia will close in 2024, with the blockchain and cryptocurrency markets being the hardest hit. KPMG's '2024 Australian Fintech Landscape' report indicates that the total number of independent fintech companies in Australia has been declining for two years, decreasing from 800 companies in 2022 to 767 active companies across all verticals as of December 9. Among the 60 Australian fintech companies expected to close in 2024, 14% belong to the blockchain and cryptocurrency sectors.