Zepto
Zepto Payments provides real-time account-to-account payment infrastructure on Australia's New Payments Platform, offering PayTo, Enterprise PayID, NPP Payments, and Zepto Validate through a single API. As the first non-bank NPP Connected Institution, it serves enterprises, fintechs, payroll providers, and investment platforms in Australia and New Zealand.
- Company typePrivate
- Founded2016
- HeadquartersByron Bay, Australia
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Zepto does
Zepto Payments Pty Ltd is an Australian fintech that provides real-time account-to-account payment infrastructure built directly on Australia's New Payments Platform (NPP). Founded in 2016 by Chris Jewell and Trevor Wistaff and headquartered in Byron Bay, NSW, the company became the first non-bank entity approved as a Connected Institution on the NPP in December 2022, and the first non-bank payments provider to achieve Accredited Data Recipient status under the ACCC's Consumer Data Right in September 2021. Zepto also operates in New Zealand under FSP#711431 with Australian Financial Services Licence 541011.
The company's product portfolio comprises six integrated offerings delivered via a single API-first platform: PayTo (real-time direct debit on NPP rails), Enterprise PayID (instant funds transfer with bulk PayID activation), NPP Payments (real-time disbursement and collection), Direct Debit (API-powered BECS), Zepto Validate (intelligent Confirmation of Payee name-matching with proprietary risk scoring), and Stored Value (indefinite fund storage with flexible movement). The technology stack includes ISO 20022-rich data, sandbox environments for developers, and a comprehensive certification footprint spanning ISO 27001, ISO 27701, ISO 9001, SOC 2 Type 2, ASAE 3150, and SWIFT registration.
Zepto generates revenue through transaction-based fees on real-time payments processed via NPP rails and on its Zepto Validate verification service, with custom enterprise pricing disclosed on a quote basis. Go-to-market combines direct enterprise sales, developer self-serve via API, and strategic partnerships with platform providers, most notably Wpay (Woolworths Group), which facilitates over 1.2 billion transactions annually, alongside implementation partners such as Employment Hero and OZEDI. The company serves large enterprises, fintechs, HR and payroll providers, and investment platforms across Australia and New Zealand, addressing use cases including loan disbursements and repayments, real-time collections and refunds, payroll, superannuation, and digital wallet funding.
Zepto firmographics
Firmographics- Name
- Zepto
- Legal name
- Zepto Payments Pty Ltd
- Website
- https://zepto.com.au
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Zepto Payments provides real-time account-to-account payment infrastructure on Australia's New Payments Platform, offering PayTo, Enterprise PayID, NPP Payments, and Zepto Validate through a single API. As the first non-bank NPP Connected Institution, it serves enterprises, fintechs, payroll providers, and investment platforms in Australia and New Zealand.
- Ownership category
- akta.pro rank
Zepto industry classification
Industry- Product category
- Real-Time Payment Infrastructure
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
- akta.pro secondary industries
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), A2A Payouts & Disbursements (FSAMAFAG), Recurring Payments & Variable Recurring Payments (VRP) Enablement (FSAGACAJ), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ), A2A Fraud, Risk & Authentication (FSAMAFAI)
Keywords
Where Zepto is headquartered
LocationHeadquarters
- HQ city
- Byron Bay
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Zepto business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Transaction-based Payment Processing: Revenue generated from processing real-time payments through NPP rails, including PayTo transactions, NPP disbursements, and account-to-account transfers. Fees likely charged per transaction with pricing varying by payment type and volume.
- Zepto Validate Verification Service: Revenue from providing Confirmation of Payee name verification services with proprietary intelligence overlay, available as standalone service for protecting against scams and mistaken payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Enterprise pricing - custom quote-based arrangements |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Zepto product offering
Product offeringCore offering
Zepto provides cloud-native, API-first real-time account-to-account payment infrastructure enabling businesses to collect, disburse, verify, and store funds instantly across Australia's New Payments Platform (NPP) and BECS rails. As the first non-bank Connected Institution on the NPP, Zepto delivers PayTo collections, Enterprise PayID instant transfers, NPP payments, API-powered direct debits, stored value, and Zepto Validate name-verification services to enterprises and fintechs in Australia and New Zealand.
Product overview
Zepto is a unified real-time account-to-account payment platform offering six integrated core products: Zepto Validate (intelligent payment verification extending Confirmation of Payee), PayTo (real-time bank account collection via NPP), Enterprise PayID (instant funds transfer with bulk PayID activation), NPP Payments (real-time disbursement and collection on NPP rails), Direct Debit (API-powered BECS direct debit), and Stored Value (indefinite fund storage with flexible movement). These products are delivered through a single API-first platform, enabling businesses to collect, pay, verify, and store value in real-time across Australia's payment infrastructure including NPP and BECS rails.
Differentiator
Problem solved
Functional benefit
Products and services
- Zepto Validate Intelligent name-matching verification service that extends Confirmation of Payee (CoP) with Zepto's proprietary payment intelligence. Provides risk scores tuned to merchant verticals, suggested payment channel recommendations, and joint account indicators to protect against scams and mistaken payments. Available as a standalone verification service for any business performing account-to-account payments.
- PayTo Modern real-time direct debit solution on the NPP enabling businesses to collect payments from customer bank accounts with instant settlement, always-on capability, and decreased fraud risk compared to traditional BECS direct debits. Functions as an always-on, instant direct debit for one-off and recurring collections.
- Enterprise PayID Flagship instant-funds transfer solution with industry-first capability to activate thousands of PayIDs instantaneously. Enables businesses to create a unique PayID for every customer, facilitating seamless instant payments and automated reconciliation without BSB and account numbers.
- NPP Payments Real-time payment disbursements and collections on the New Payments Platform, enabling 24/7 fund transfers with rich ISO 20022 data for automated reconciliation. Delivers seamless real-time digital payment experiences through Zepto's API.
- Direct Debit (BECS) API-powered enterprise direct debit solution via BECS rails with data-rich capabilities to reduce dishonours and maximise one-off and recurring payment success. Eliminates paper forms and manual handling.
- Stored Value Flexible fund storage solution allowing indefinite storage of funds with flexible movement, enabling precision, security, and flexibility in customer experience and business operations beyond just speed of payment.
Quantifiable outcome
- Real-time settlement 24/7 including weekends and public holidays
- +3 more outcomes
Companies that use Zepto
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Zepto technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Zepto partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Wpay (Woolworths Group)coreZepto selected by Woolworths Group's Wpay to power its PayTo solution via NPP. Wpay facilitates over 1.2 billion transactions per year, making this a flagship partnership for driving PayTo adoption. Enables real-time bank verification, payment validation, processing, settlement, and reconciliation for Wpay customers.
- Employment HerocorePartnership for Payday Super compliance enabling instant superannuation contributions through Employment Hero's payroll platform. Three-way partnership with OZEDI to enable businesses to meet July 2026 Payday Super requirements.
- TandacoreTanda uses Zepto Validate for verifying employee bank accounts during payroll onboarding. Approximately half a million Australians benefit from Tanda's bank account verification offering via Zepto Validate.
- OZEDIcorePartnership to deliver Australia's first instant super fund payments via PayTo-powered SuperStream service. Enables Australian businesses to instantly pay super contributions to funds via NPP. Critical for employers preparing for July 2026 Payday Super mandate.
- SpaceshipcoreSpaceship selected Zepto for PayTo implementation to power real-time fund transfers for their digital investment platform. Zepto's infrastructure enables Spaceship to move entirely off incumbent banks and collapse multiple payment layers.
- FetchcoreFetch leverages Zepto's real-time payout infrastructure to pay veterinarians directly while customers are still in clinic. Real-time payments are essential to Fetch's proposition of instant claim settlements.
- RefundidcoreRefundid embedded Zepto's API to power instant refunds for online retail returns via NPP. Partnership enables Refundid to deliver refunds in seconds rather than days.
- Live PaymentscoreLive Payments leverages Zepto-powered real-time payouts to offer 7-day settlements including weekends and public holidays. Serves merchants including Grill'd, Amcal, IGA, Anytime Fitness, Boost, Bakers Delight, and Virgin Australia.
- NPP Australia/AP+coreZepto was first non-bank Connected Institution approved to connect directly to NPP. Enables delivery of PayTo and NPP payment services with minimal intermediaries.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Zepto competitors and assessment
Company assessmentDirect peers
- Zai: Australian fintech providing PayTo and account-to-account payment infrastructure for merchants; directly competes with Zepto on the same NPP rails with overlapping target customers in enterprise and fintech segments.
- Monoova: Australian NPP-connected payment service provider offering direct debit, PayTo, and real-time disbursements to enterprise and fintech clients; competes head-to-head with Zepto on payment initiation and merchant acceptance.
- Modern Treasury: US-based payment operations platform offering developer-first APIs for real-time payment initiation, reconciliation, and bank integrations; operates analogous developer-first payment infrastructure model to Zepto's API approach.
Emerging players
- Basiq: Australian open banking data aggregator and Accredited Data Recipient under CDR; overlaps with Zepto's ADR accreditation and enables adjacent data-driven payment and verification use cases.
- Fiskil: Australian open banking and Consumer Data Right platform providing bank account verification and data sharing; overlaps with Zepto Validate's account verification functionality for onboarding and fraud prevention.
Regional players
- TrueLayer: UK-based A2A and open banking payments provider offering Pay-by-Bank and VRP solutions to merchants and fintechs; serves as a structural peer demonstrating the global template for A2A infrastructure that Zepto follows in Australia/NZ.
- Token.io: UK/European A2A open banking payment network connecting banks, merchants, and PSPs; provides a comparable real-time, bank-to-bank payment orchestration model that competes in the same category as Zepto's NPP-based offering.
- Volt: Global A2A payment platform enabling merchants to accept open banking payments across multiple regions; comparable as a multi-region A2A infrastructure peer with similar developer/API-first go-to-market.
Broad incumbents
- Plaid: Global incumbent in bank account verification, data aggregation, and increasingly A2A payments; competes with Zepto Validate on verification and has expanded into payment initiation capabilities similar to PayTo.
- Stripe: Global payments incumbent offering broad merchant acceptance and developer-first APIs; while primarily card-focused, Stripe's expansion into bank debits and Financial Connections creates indirect competition with Zepto's merchant acceptance and verification offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Zepto social profiles
Digital presenceZepto compliance and trust
Trust signalCompliance8 records
Zepto financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zepto leadership team
Management profileNumber of profiles
Profiles13 records
Zepto funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zepto M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zepto
What does Zepto do?
Zepto provides cloud-native, API-first real-time account-to-account payment infrastructure enabling businesses to collect, disburse, verify, and store funds instantly across Australia's New Payments Platform (NPP) and BECS rails. As the first non-bank Connected Institution on the NPP, Zepto delivers PayTo collections, Enterprise PayID instant transfers, NPP payments, API-powered direct debits, stored value, and Zepto Validate name-verification services to enterprises and fintechs in Australia and New Zealand.
Is Zepto a public or private company?
Zepto is a private company. It is classified as venture growth investor backed and is currently operating.
When was Zepto founded?
Zepto was founded in 2016. It employs 101 to 250 people.
Where is Zepto based?
Zepto is headquartered in Byron Bay, Australia, in the Oceania region.
How does Zepto make money?
Two revenue lines are on record. Transaction-based Payment Processing is the primary driver. The others are zepto Validate Verification Service.
Who are Zepto's main competitors?
Direct peers on record are Zai, Monoova and Modern Treasury. Emerging players are Basiq and Fiskil. Regional players are TrueLayer, Token.io and Volt. Broad incumbents are Plaid and Stripe.
Does Zepto have an API?
Yes. Zepto offers a RESTful API enabling developers to integrate real-time account-to-account payment capabilities including PayTo, NPP Payments, Enterprise PayID, Direct Debit, and Stored Value. The API is designed for ease of integration with emphasis on developer experience. Sandbox environment available for testing. Developer documentation is at docs.zeptopayments.com.
What industry is Zepto in?
Zepto's product category is Real-Time Payment Infrastructure. Its primary akta.pro industry code is FSAMAFAB, A2A Payment Initiation Service Providers (PISPs), with a secondary code of FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions. Its NAICS code is 5222 and its SIC code is 6099.