Australia’s Stropro sees record inflows, focuses on FCNs

Australian structured product fintech firm Stropro is finishing 2023 on a high, with total inflows reaching over AUD300m (US$196.6m), up 294% year-on-year (YoY). In October and November alone, the firm posted AU$80m inflow, with 70% of these transactions completed via private wealth advisers and brokers. Australia, which has a large number of high-net-worth investors, has seen a growing interest in fixed-coupon notes (FCN) with a reduced strike level/price – meaning investors can ef