"In the last six to 12 months, there have been a number of Australian startups who have gotten funding from the US and there has been a bit of renaissance in Sydney."

Barouch said the fragmented nature of Web 2.0 has caused a multitude of apps to emerge, and that Roamz streamlines this data; solving a growing problem for consumers.

"We see that social media is fragmenting across Facebook and Twitter, Foursquare and maybe even Google+," Barouch said. "People are opening multiple apps to get information, and the problem we're trying to solve is bringing it all back to one app."

While Roamz has only been launched on the , Barouch said there are plans in the works to rollout the app to Android devices next year.

"We're really excited about hosting the app on multiple platforms," Barouch said. "At the moment we're focusing on the iPhone because it's a neat, lovely way to launch a product, but we're certainly looking at having Android early next year."