About Zip
Zip is a Financial Services company based in Auckland (New Zealand) founded in 2016 by John O' Sullivan, and was acquired by Zip in August 2019. Purchase financing solutions are offered to consumers in New Zealand. It operates on a FinTech and Commission-Based model. Zip offers products and services including Zip Pay. Its focus areas include Financials, Consumer Finance and Credit Services. Its legal entity is Zip Co Limited. Its competitors include Laybuy, Genoapay and Oxipay; 1 of its 3 listed competitors has raised funding.
Company details
Zip is provided as a financial service enabling customers to buy now and pay later in interest-free instalments over six weeks. It is used across various sectors including retail, travel, and healthcare. The service is offered at over 3,000 stores in New Zealand, both online and in-store. Integration for merchants is facilitated easily, allowing access to a large customer base without complex APIs. Operations are extended to Australia and the United States, supporting millions of active users globally.
Products & Services of Zip
Zip offers a comprehensive portfolio of products and services, including Zip Pay.
Buy now, pay later in instalments interest-free.
Investors in Zip
Zip has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Zip.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment solutions are provided for deferred purchasing by Zip. | 2013 | zip.co | Sydney, Australia |
Investor details for Zip
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People of Zip
1 people are tracked at Zip (1 in leadership).
| Name | Role | Group |
|---|---|---|
John O' Sullivan | Founder & Director | Leadership |
Complete people profiles for Zip
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Timeline of Zip
2 dated milestones of Zip across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Zip is founded.
- Exit Acquired by Zip.
Competitors of Zip
Zip has 3 listed competitors in our database, 1 of them funded. They include Laybuy, Genoapay and Oxipay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| laybuy.com | 2016 | Auckland, New Zealand | App-based platform for point of sale financing | |||
| genoapay.com | 2016 | Auckland, New Zealand | $500,000 | Buy now pay later financing provider | ||
| oxipay.co.nz | 2016 | Wellington, New Zealand | Delivers purchase financing solutions to online retailers. |
Detailed competitors of Zip
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Related news about Zip
Complete news archive for Zip
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Frequently Asked Questions about Zip
Zip was founded in 2016.
Zip is headquartered in Auckland, New Zealand.
Zip is provided as a financial service enabling customers to buy now and pay later in interest-free instalments over six weeks. It is used across various sectors including retail, travel, and healthcare. The service is offered at over 3,000 stores in New Zealand, both online and in-store. Integration for merchants is facilitated easily, allowing access to a large customer base without complex APIs. Operations are extended to Australia and the United States, supporting millions of active users globally.
Zip has 1 investor. Key investors include Zip.
Zip operates through Zip Co Limited.
Yes. Zip was acquired by Zip in August 2019.