Zip

company

About

Zip is an online payments technology provider that offers consumers credit options for online shopping.

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$260M
Industries
Finance,Financial Services,FinTech,Payments
Founded date
Jan 1, 2013
Number Of Employee
501 - 1000
Operating Status
Active
Stock Symbol
asx:Z1P
Legal Name
Zip Co Limited
Also Known As
ZipMoney Limited,Zip Co Limited

Zip is an online payments technology provider that offers consumers credit options for online shopping. The company was founded in 2013 by Larry Diamond, Niamh Mc Enaney, and Peter Gray and is headquartered in Sydney, New South Wales, Australia.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$421.60M $620M
Zip has raised a total of $421.60M $620M in funding over 2 rounds. Their latest funding was raised on Apr 15, 2021 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 15, 2021 Post-IPO Debt $400M Detail
Dec 17, 2020 Post-IPO Equity $120M Detail
Nov 2, 2020 Post-IPO Debt $100M 1 Victory Park Capital Detail
Aug 7, 2017 Post-IPO Equity $40M 1 Westpac Detail
May 25, 2017 Post-IPO Debt $260M 2 National Australia Bank (NAB) Detail

Investments

Number of Investments
Number of Lead Investments
4
4
Zip has made 4 investments. Their most recent investment was on Sep 22, 2021, when ZestMoney raised $50M.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 22, 2021 ZestMoney
Series C $50M Big Data Yes
Apr 21, 2021 Payflex
Corporate Round $500K E-Commerce Yes
Jan 14, 2021 Twisto
Series C €17.96M E-Commerce Yes
Dec 17, 2020 Spotii
Corporate Round Billing Yes

Investors

Number of Lead Investors
Number of Investors
3
4
Zip is funded by 4 investors. Victory Park Capital and Westpac are the most recent investors.
Investor Name Lead Investor Funding Round
Victory Park Capital Yes Post-IPO Debt
Westpac Yes Post-IPO Equity
National Australia Bank (NAB) Yes Post-IPO Debt
FIIG Securities Post-IPO Debt

Employee Profiles

Number of Employee Profiles
14
Zip has 14 current employee profiles, including Executive Larry Diamond
Executive
Executive
Executive
Executive
Executive

Exits

Zip has had 3 exits. Zip most notable exits include Payflex ,   Twisto

Date Company Name Exit Type Industry
Apr 5, 2022 Payflex M&A E-Commerce Detail
May 23, 2021 Twisto M&A E-Commerce Detail
May 23, 2021 Spotii M&A Billing Detail

Acquisition

Zip has acquired 6 organizations. Their most recent acquisition was Pocketbook on Jun 6, 2016. They acquired Pocketbook for $7.50M.

Date Company Name
Industry Acquisition Type Price
Jun 6, 2016 Pocketbook
Banking acquisition $ 7.50M Detail
Aug 20, 2019 PartPay
Payments acquisition Detail
Jun 2, 2020 Quadpay
E-Commerce acquisition Detail
May 23, 2021 Twisto
E-Commerce acquisition € 89M Detail
May 23, 2021 Spotii
Billing acquisition $ 16.30M Detail