FinTech Australia CEO steps down, joins IAG Firemark Ventures

By Leandra Monteiro

 FinTech Australia has begun searching for a new chief executive officer after Rebecca Schot-Guppy resigned from the position in order to join IAG’s venture capital fund, Firemark Ventures.

Schot-Guppy, who’s supervised an immense rise in the prominence, number and market cap of FinTechs such as Afterpay and Judo Bank amid the implementation of open banking will resign at the end of October, heading over to IAG’s Firemark Ventures, the $75 million VC fund of Australia’s largest general insurer.

“For nearly three and a half years, Australian financial technology has been an important part of my life,” said Schot-Guppy according to media reports. “So much work behind the scenes has gone into stewarding that growth and ensuring that the policy and profile supporting it trends in the right direction. I look forward to taking the knowledge and connections I’ve gained into the corporate venture capital world.”

According to media reports, FinTech Australia chair Simone Joyce said Schot-Guppy has done a remarkable job in leading the organisation to new heights. “Thanks to her work, FinTech Australia is the strongest it has ever been,” she said. “In addition to positioning FinTech Australia at the centre of the policy debate in our industry, we’ve also seen a steady increase in members and triple the number of corporate partners during her tenure. We’re well-positioned for future growth.

I want to thank Rebecca for her tireless efforts in growing the ecosystem and championing it. She will be missed.”

FinTech Australia represents around 300 startups and includes members such as neobanks 86 400 and Volt.