About Zip
Zip is a company based in Sydney (Australia) founded in 2013 by Larry Diamond. It operates as a FinTech. The company has 985 employees as of June 30, 2025. Zip has completed 9 acquisitions, including Payflex, Pocketbook and QuadPay. Zip offers products and services including Pay Later. Zip operates in a competitive market with competitors including Klarna, Afterpay, Sunbit, Snap Finance and Uplift, among others.
- Headquarter Sydney, Australia
- Employees 985 as on 30 Jun, 2025
- Founders Larry Diamond
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zip Co Limited..
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Annual Revenue
$713.62 M (USD)23.69as on Jun 30, 2025
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Net Profit
$52.79 M (USD)611.76as on Jun 30, 2025
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EBITDA
$60.82 M (USD)1123.8as on Jun 30, 2025
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Latest Funding Round
$30 M (USD), Post-IPO
May 09, 2021
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Investors
Westpac
& 2 more
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Employee Count
985
as on Jun 30, 2025
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Investments & Acquisitions
Payflex
& 8 more
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IPO & Listings of Zip
Zip is a publicly listed company on the ASX with ticker symbol ZIP in Australia, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Zip
Zip offers a comprehensive portfolio of products and services, including Pay Later. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Payment solution offered for deferred purchasing by customers.
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Software Development Team
77 people
Product Management Team
35 people
Senior Team
29 people
Leadership Team
24 people
Sales and Marketing
23 people
Data Analysis and Operations Team
22 people
Human Resources and Administration
16 people
Customer Team
13 people
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Funding Insights of Zip
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $30.0M
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First Round
First Round
(19 Nov 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Post-IPO - Zip | Valuation |
investors |
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| Mar, 2019 | Amount | Post-IPO - Zip | Valuation |
investors |
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| Aug, 2017 | Amount | Post-IPO - Zip | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zip
Zip has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Westpac, Tendopay and Victory Park Capital Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blank check and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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App-based solution for point of sale financing
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Founded Year | Domain | Location | |
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Westpac is recognized as a leading Australian banking institution.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zip
Zip has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Payflex, Pocketbook and QuadPay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based platform offering AI based visual search tools for fashion products
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2020 | ||||
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Purchase financing solutions are offered to customers for installment payments.
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2019 | ||||
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Flexible payment solutions are provided for consumers in South Africa.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Zip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zip Comparisons
Competitors of Zip
Zip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klarna, Afterpay, Sunbit, Snap Finance and Uplift, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online platform for retailers.
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| domain | founded_year | HQ Location |
Merchandise financing is offered through partner stores.
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| domain | founded_year | HQ Location |
Point-of-sale financing for travel bookings is offered by Uplift.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zip
Frequently Asked Questions about Zip
When was Zip founded?
Zip was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Zip located?
Zip is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Zip?
Larry Diamond is the current CEO of Zip. They have also founded this company.
How many employees does Zip have?
As of Jun 30, 2025, the latest employee count at Zip is 985.
What is the annual revenue of Zip?
Annual revenue of Zip is $713.62M as on Jun 30, 2025.
What does Zip do?
Deferred payment solutions are offered by Zip to customers globally. Operations are conducted in regions including Australia, New Zealand, and the United States. Financial services are focused on enabling flexible payment options for consumers. The company is positioned within the consumer finance sector, addressing payment needs through innovative solutions.
What products or services does Zip offer?
Zip offers Pay Later.
Is Zip publicly traded?
Yes, Zip is publicly traded on ASX under the ticker symbol ZIP.
How many acquisitions has Zip made?
Zip has made 9 acquisitions, including Payflex, Pocketbook, and QuadPay.
Who are Zip's investors?
Zip has 3 investors. Key investors include Westpac, Tendopay, and Victory Park Capital Advisors.
What is Zip's ticker symbol?
The ticker symbol of Zip is ZIP on ASX.
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