“It’s great to see successful homegrown startups like Assembly Payments stay true to their roots and expand here in Victoria,” Minister for Small Business, Innovation and Trade Philip Dalidakis said while welcoming fintech payments platform Assembly’s growth in Melbourne.
“We have the highest number of tech graduates in the country and this expansion will mean more high skill jobs for our future,” he said adding that Assembly’s new global HQ will create 60 new full-time jobs in the city over the next three years.
Founded in 2013, Assembly (previously called PromisePay) boasts the world’s most flexible designed-for-business payments platform and has employees in Melbourne, St Louis, and Manila, and was initially planning on expanding its Philippine operation.
The state government decided to help the Collingwood company grow their current Victorian workforce instead, keeping investments from high-end customers such as Gumtree, Carsales, Airtasker, and Flippa in Australia.
Victoria has also seen Hired, Square, and Slack set up regional HQs, alongside a growing list of successful local startups including Kogan and Realestate.com.
The state’s tech industry now generates more than $34 billion in annual revenue and employs more than 91,300 people, with numbers primed to grow this year.
“With our ability to attract some of the world’s leading tech companies and at the same time help our homegrown talent expand, Victoria is fast becoming the number one destination for business investment across the Asia Pacific,” Dalidakis concluded.