Startup · $24.7m raised
Sydney, NSW
Every published round Zip took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| ZestMoney | Series C | 22 Sep 2021 | $50m | Participant | Australian FinTech, TechCrunch Australia | |
| Fresh Equities | Unnamed stage | 9 Aug 2021 | $2.3m | Participant | Startup Daily (Mon 1 May 2023), Techboard, Startup Daily (Mon 9 Aug 2021) | |
| Spotii | Unnamed stage | 20 Dec 2020 | - | Participant | TechCrunch Australia, Australian FinTech, Startup Daily |
Companies Zip has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Fresh Equities | 9 Aug 2021 | 1 | 0 | |
| Spotii | 20 Dec 2020 | 1 | 0 | |
| ZestMoney | 22 Sep 2021, Series C | 1 | 0 |
Fund closes reported for Zip, as distinct from the investments it has made.
Companies Zip has backed that another company then bought. An exit for the holding, not a deal Zip did.
The transaction that ended Zip's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 2015 | - | Fintech News Australia, Startup Daily |
Companies Zip acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Sezzle | Acquisition | 7 Mar 2022 | $491m | Startup Daily, SmartCompany, TechCrunch Australia |
| Twisto | Acquisition | Nov 2021 | ~$140m | Startup Daily (Wed 22 May 2024), Startup Daily (Fri 31 Mar 2023), Startup Daily (Mon 28 Feb 2022), Australian FinTech (Mon 15 Nov 2021), TechCrunch Australia, Startup Daily (Mon 31 May 2021), Crunchbase News, Australian FinTech (Mon 24 May 2021) |
| Spotti | Acquisition | 31 May 2021 | $21m | Startup Daily (Fri 31 Mar 2023), Startup Daily (Mon 31 May 2021) |
| Spotii | Acquisition | 24 May 2021 | $26m | Startup Daily, TechCrunch Australia, Crunchbase News, Australian FinTech |
| QuadPay | Acquisition | 4 Jun 2020 | $403m | Startup Daily (Wed 8 Jul 2026), Startup Daily (Tue 23 Nov 2021), TechCrunch Australia, Australian FinTech (Mon 24 May 2021), Startup Daily (Fri 26 Feb 2021), Australian FinTech (Mon 26 Oct 2020), Australian FinTech (Mon 14 Sep 2020), Startup Daily (Thu 4 Jun 2020) |
Every investor coverage indicates participated in a round Zip raised.
Stories naming Zip. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne corporate card startup Archa has raised $11 million in equity plus a $50 million debt facility to grow its business credit card platform, backed by The Fintech Fund and several local executives.
Also Australian FinTech
Payments group Zenith Payments has named Anthony Drury its new CEO. Kevin Butler moves from the top job into a Chief Payments Officer role, while James Swan became CFO in July.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
Two raises reported: Superhero has banked $20m of a hoped $30m round led by Salter Brothers at a $176m valuation, while New Zealand crime-intelligence startup Azonic took NZ$1m in a Blackbird-led pre-seed.
Payments provider Zip Co will wind down its New Zealand operations following a strategic review, concentrating instead on its growing Australian and US businesses, with any financial impact described as immaterial.
LendUs, a Sydney-based mortgage technology startup, has secured $5 million in seed capital with Carthona Capital leading, after nearly twice that was pledged before capping. Its platform lets brands offer home loans.
Also Startup Daily
Ten13's post explains why it led Flyweel's pre-seed round with QIC, Antler and angel investors, backing a platform bringing real-time financial visibility and funding to advertising spend.
Flyweel, a Queensland fintech for financing and managing ad spend, has banked $2.41 million in a pre-seed round Ten13 led, with Antler, QIC and several founder-angels aboard; a US launch comes first.
Queensland fintech Flyweel has closed a pre-seed round led by Ten13, with Antler, QIC and several fintech founders and executives backing, to help businesses fund advertising ahead of revenue.
Profiles four Australian fintechs worth watching in 2026: Fat Zebra, WeMoney, Swyftx and Block Earner, covering their growth, past acquisitions and previously secured funding rounds.
Also Australian FinTech·Fintech News Australia·Fintech News Australia
AI code security startup Dam Secure has closed an oversubscribed $6.1 million seed round led by Paladin Capital Group, with several tech executives investing, to grow its Australian R&D team and build a US sales presence.
Also Startup Daily·Forbes Australia·SmartCompany·Forbes Australia
Ranking of Australia’s five best-funded fintechs — Airwallex, Athena, Zeller, InDebted and Brighte — profiling each one’s total raised, most recent raise, backers, valuation and growth moves.
BetaShares has acquired investing podcast Equity Mates for a reported $8.5 million; founders Bryce Leske and Alec Renehan will keep running it, with past backing from Matt Leibowitz, Larry Diamond and Magellan.
Share trading and super platform Superhero has raised $11 million from existing backers, lifting its post-money value to $150 million, with plans to build tools that give investment advice.
Also SmartCompany
Weekly roundup of eight Australian startup raises, led by Sonder's $40 million round, plus AMP's $20 million raise and acquisition of the Shopify app Back in Stock.
Also Startup Daily·Defence Connect·SmartCompany·Startup Daily·Startup Daily·Defence Connect·Forbes Australia
Sydney PE firm Quadrant's new $660m growth fund backs LegalVision for an undisclosed stake; the article also recaps Quadrant's earlier deals and exits, including Canva, Modibodi and Canberra Data Centres.
Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic
Zip raised fresh equity to repay its corporate borrowings, with quarterly results showing strong growth in its United States business.
Larry Diamond, who started Zip, is stepping aside from its US top job as Joe Heck takes over and Kevin Moss joins the board; the piece also recounts the fintech's past raises and divestments.
Sydney PE firm Quadrant bought a $500 million Canva stake from existing holders including Blackbird, at a US$25 billion valuation — the first deal for Quadrant's ninth fund.
Investor memo profiling Deputy Network, a blockchain-based digital wallet for loyalty programs, which Antler Australia backed pre-seed as part of its latest startup cohort.
Jelix Ventures explains why it joined Hatch's December 2023 funding round, citing the founders' track record, an AI job-matching product, strong customer feedback and a large addressable market.
Aura Ventures explains its seed investment in Hatch, an Australian jobs marketplace for young professionals co-founded by Adam Jacobs and Chaz Heitner, alongside Rampersand, Investible, Jelix Ventures and Alberts.
Also Alberts Impact Ventures portfolio·Aura Group portfolio·Startup Daily·Early VC·SmartCompany·Forbes Australia·SmartCompany·Forbes Australia
Business-to-business buy-now-pay-later fintech BizPay has entered voluntary administration, appointing BRI Ferrier's Jonathon Keenan and Peter Krejci; about 15 staff affected, with a sale or restructure now being explored.
Also Startup Daily
Sydney startup Refilled has raised a A$1.3 million seed round, with Melt Ventures leading and Envato's Ta'eed brothers among backers, to scale refill stations that cut single-use plastic; Google is already a customer.
Profile of ALIAVIA, the venture fund Marisa Warren and Kate Vale started to back women founders across Australia and the US, its Australian backers, and its portfolio companies Eugene, Loupe, HowToo and Othelia AI.
Profile of ALIAVIA, the venture fund Marisa Warren and Kate Vale run from California to back women founders across Australian and US markets; also covers its backers, early investments, and Warren's ELEVACAO program.
ALIAVIA Ventures has closed its debut fund at A$13.5 million. The US-based firm backs female founders bridging Australian and US markets; backers include Carol Schwartz, Tattarang, the Denholms, Euphemia, Dom Pym and Cynthia Scott.
Also SmartCompany·Women's Agenda·Forbes Australia·TechCrunch Venture
Zip Co has named Gordon Bell, a financial services veteran with stints at Westpac and Barclays, as its next Group CFO from 2 October, replacing Martin Brooke who departs after nearly seven years.
Splitit announced $60 million in committed investment from Motive Partners, Thorney and Parea Capital, tied to conditions including leaving the ASX; the piece recalls the payments firm's 2019 listing.
Tattoo-focused buy-now-pay-later provider INKPAY has entered voluntary administration, blaming the cost of incoming rules treating BNPL like traditional credit, with an administrator appointed and a creditors meeting set for late June.
Investor engagement platform Fresh Equities, now called InvestorHub, landed a $4 million round led by Sydney venture firm EVP, having previously collected $2.3 million in 2021 from fintech founder angels and two other backers.
Buy-now-pay-later provider Zip has agreed to sell its European unit Twisto and South African business Payflex, expecting roughly $20 million in net cash inflows while winding down its Middle East operations.
Techboard's September 2022 roundup reports Australian raises led by Morse Micro's $140m Series B, several acquisitions including ResApp Health to Pfizer, fund closes by Telstra Ventures, OIF and Main Sequence, and open raises.
Share trading platform Superhero is demerging from crypto exchange Swyftx, its founders resuming control via a management buyout backed by earlier investors, as Swyftx contends with crypto downturn and repeated staff cuts.
SmartCompany profiles ten Australian startups to watch in 2023, recapping recent funding rounds, one acquisition, and pitch-event and awards results across insurtech, gaming, biotech, death tech and freight.
Also SmartCompany
Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.
Also Women's Agenda·Startup Daily·SmartCompany·Techboard·SmartCompany
Zip and Sezzle have called off their merger agreement, citing market conditions. Sezzle receives an eleven million US dollar payment from Zip to cover transaction-related costs.
Zip is shutting down its personal finance app Pocketbook from August 5, ten years after its Sydney founding, to refocus resources on its core ANZ market and integrate features into the Zip App.
Also Startup Daily