I’m in FinTech. Do I Need an Australian Financial Services Licence (AFSL)?
By Jim Bulling and Daniel Knight
For fintech startups looking to operate in Australia, the hurdle of obtaining an AFSL is often daunting. An AFSL application can be expensive and time consuming but it’s rarely necessary to obtain an AFSL from day one. Whether it’s through an exemption, relief or authorisation, there’s usually another way.