Fintech hub Stone & Chalk names Alex Scandurra as CEO with big plans to disrupt banking

New Sydney fintech hub Stone & Chalk has appointed former army captain Alex Scandurra as its chief executive, as the location for start-ups seeking to disrupt banking prepares to open in June.About 330 entrepreneurs from 120 fintech start-ups have registered to work in the space, ensuring Stone & Chalk will open at full capacity of about 150 people and suggesting it could take up an option to double its area by expanding into a second floor at 45 Clarence Street at the northern end of the Sydney CBD. Clarence Street is shaping up as the heart of the promising fintech scene in Australia, with payments disrupter Tyro earlier this month opening another fintech hub at 155 Clarence Street, with space for 125 fintech entrepreneurs. While the Tyro hub has been funded by the company and its CEO Jost Stollmann, Stone & Chalk has received seed funding from many of Australia’s largest financial institutions, including five banks: ANZ, HSBC, Macquarie Group, Suncorp, and Westpac.

Source: Fintech hub Stone & Chalk names Alex Scandurra as CEO with big plans to disrupt banking