Each of the five new start-ups in the H2 Accelerator initiative will receive $100,000 and be based in the Sydney fintech hub, Stone & Chalk.

The start-ups included in the program are:

• Loan Dolphin – an online auction platform for mortgages

• Edstart – A financing solution for education that uses a lending platform to help people pay tuition fees

• SuperAlbert – A superannuation application

• Birch Finance – A credit card comparison analysis tool

• TapView – a 'frictionless' way to make micropayments for content on the internet.

H2 Ventures founder Toby Heap said the start-up founders in this program were selected from a "large high-quality pool of applicants from across Australia and around the world".

"Last week, H2 Ventures hosted a private demo event, at Stone and Chalk, during which the new start-ups each presented their solutions to the audience of fintech industry insiders," Mr Heap said.