Fintech Accounting & Tax Services in Australia

Our Australian fintech accounting services are designed for companies across this innovative sector:

• Payment Service Providers: Companies providing payment solutions that need flawless reconciliation and compliance with the Payment Systems (Regulation) Act.
• Neobanks & Digital Lenders: Businesses holding an Australian Financial Services Licence (AFSL) or Australian Credit Licence (ACL) that must adhere to strict capital and reporting requirements.
• Digital Wealth & Asset Management Platforms: Robo-advisors and investment platforms that must comply with ASIC's strict rules on client asset segregation and reporting.
• Cryptocurrency & Digital Asset Exchanges: Exchanges registered with AUSTRAC that need to comply with AML/CTF obligations and navigate the complex tax treatment of digital assets.
• Reg-Tech Solution Providers: Companies building compliance tools who need to demonstrate the highest standards of financial control to their enterprise clients in the banking and finance sector.

Specialized fintech accounting is non-negotiable from the moment you decide to pursue a regulated financial activity in Australia. It becomes critical at these stages:

• During AFSL or ACL Application: Your application to ASIC must include detailed financial projections and a comprehensive compliance framework, which are prepared by financial experts.
• When Handling Client Funds: The moment you control client assets, you fall under strict regulations that require daily reconciliation and reporting to prove solvency and proper handling of funds.
• Before Your First Financial Audit: Annual audits are mandatory for most AFSL holders. Preparing for this requires an audit-proof set of accounts from day one.
• During a Fundraising Round: Fintech investors conduct exceptionally deep due diligence on regulatory compliance, financial controls, and your business model's viability. Weaknesses here will instantly terminate a deal.

The cost of fintech accounting reflects the high level of expertise, risk management, and regulatory engagement required.

• Early-Stage Fintech (Pre-licensing): AUD $4,000 - $8,000 per month. This covers building financial models for the regulatory application and setting up the compliant chart of accounts.
• Licensed Growth-Stage Fintech: AUD $8,000 - $20,000+ per month. This involves a dedicated team for daily reconciliations, regulatory reporting to ASIC/APRA, and ongoing audit liaison.
• Virtual CFO for Fintech: Often integrated into higher-tier services, providing strategic guidance on regulatory capital, treasury management, and relationships with partner banks.

In Australia's fintech sector, compliance failures are existential threats.

• Regulatory Enforcement: ASIC can impose huge fines, restrict business activities, or revoke an AFSL entirely for breaches of the Corporations Act.
• **Client Money Breaches:** Failure to properly segregate and protect client funds is one of the most serious offenses and can lead to immediate suspension and criminal proceedings against directors.
• AML/CTF Failures: Breaches of AUSTRAC's Anti-Money Laundering and Counter-Terrorism Financing rules can result in multi-million dollar penalties.
• Failed Audits: A qualified audit opinion can trigger a regulatory investigation and destroy the trust of investors, banking partners, and customers.

Building an in-house finance team with deep expertise in Australian financial regulations is a massive annual investment. Finding talent with the rare combination of skills in AASB accounting, ASIC regulations, and technology is incredibly difficult.

Outsourcing to YourLegal's fintech finance partners provides immediate access to a team that understands Australia's regulatory landscape. We provide institutional-grade controls, policies, and reporting frameworks that regulators and "Big Four" audit firms expect. We don't just "do the books"; we build and manage the entire compliant financial infrastructure for your business. For a fintech startup in Australia, this isn't a cost-saving measure—it's the only viable path to launching and scaling a regulated business successfully.