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PayDay News | Australian Payments News

CGT reform fears spark fintech founder backlash over innovation exodus

Editor
20 May, 2026
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Warwick Ponder
Editor
20 May, 2026
Add us as a preferred source on Google
Australia’s fintech sector has warned proposed capital gains tax reforms could cripple startup investment, weaken employee equity incentives and push founders, talent and capital offshore just as global competition for technology innovation intensifies.
CGT reform fears spark fintech founder backlash over innovation exodus
me&u CEO and co-founder Kim Teo says: “I empathise for the need to make housing more affordable, but seriously perplexed why Australia would want to decelerate innovation at a time when the world is putting two feet on the gas.”

Australia’s fintech sector has warned proposed capital gains tax reforms could cripple startup investment, weaken employee equity incentives and push founders, talent and capital offshore just as global competition for technology innovation intensifies.

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