Zip

Name

Zip

Legal name

Zip Co Limited

Website

https://zip.co

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Buy Now Pay Later Services

NAICS

Nondepository Credit Intermediation (5222), Sales Financing (52222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Merchant-Integrated BNPL (Online Checkout) (FSAKACAA)

akta.pro secondary industries

Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG), In-Store / In-Person BNPL (POS) (FSAKACAB)

Keywords

• Buy now pay later
• Consumer installment lending
• Merchant payment processing
• Digital financial services
• Mobile payment platform

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Merchant Transaction Fees: Zip charges merchants a fee for each transaction processed through its platform, providing full upfront payment to merchants while consumers pay in installments
2. Consumer Origination Fees: Fees charged to consumers for using Zip's installment services, with examples showing $7.50-$18.97 origination fees depending on purchase amount and repayment structure, representing APRs of 34-35%

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Zip is a Buy Now Pay Later (BNPL) and digital financial services provider that lets consumers split purchases into interest-free installments and offers merchants a payment-processing integration. Its core consumer products include Zip Pay (four installments over six weeks), Zip Money (larger purchases with flexible terms), Pay in 2 (two-installment option), and the Zip Card (virtual and physical, accepted via Visa). The company also provides SME financing (Zip Business, Zip Capital), mobile telecom service (ZMobile via TPG Telecom), and gift card BNPL via InComm Payments, while serving merchants through API integrations with Shopify, Stripe, BigCommerce, and other platforms.

Product overview

Zip is a multi-product BNPL and digital financial services company operating across Australia, New Zealand, and the United States. The core offering consists of Zip Pay and Zip Money for consumer BNPL installments, supplemented by the Pay in 2 two-installment option and the Zip Card for in-store and online purchases. Beyond consumer finance, Zip has expanded into business solutions (Zip Business, Zip Capital for SME lending), mobile services (ZMobile via TPG Telecom partnership), and gift card installments. The company has built the Unified Trust Layer framework with IXOPAY for AI agentic commerce, and operates acquired brands including QuadPay (US), Twisto Payments (Europe), Spotii (Middle East), and PayFlex (South Africa). The portfolio also includes merchant-facing products with extensive e-commerce platform integrations (Shopify, BigCommerce, WooCommerce, Magento, Salesforce) and payment gateway connections (Stripe, Adyen).

Differentiator

Problem solved

Functional benefit

Brands

• ZMobile: Mobile service offering 4G/5G network access, data rollover, global roaming, and international calling in partnership with TPG Telecom.
• Unified Trust Layer
• Pay in 2

Products and services

• Zip Pay

Quantifiable outcome

• 98% of Zip transactions are repaid in full
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability4 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• InComm PaymentscoreTechnology or Integration · 19 May 2026Partnership to bring BNPL functionality to gift cards, allowing eligible Zip customers to purchase gift cards through the Zip app and pay in interest-free installments over six weeks. InComm provides access to 525,000 retail points of distribution.
• FirstmacminorOthers · 13 May 2026High Court of Australia ruled in favor of Firstmac in a decade-long trademark dispute over the 'Zip' name. Firstmac registered the Zip trademark in 2004 for home loan products, before the BNPL business was founded. Zip will be forced to rebrand its Australian business.
• TPG TelecomcoreStrategic or Co-development Partner · 9 April 2026Partnership to launch ZMobile, a mobile service for Australian customers using TPG Telecom's network covering 98.5% of the Australian population. Includes 4G/5G access, data rollover, global roaming, and international calling.
• IXOPAYcoreStrategic or Co-development Partner · 24 March 2026Joint initiative to develop a Unified Trust Layer framework addressing trust and liability challenges in AI-agent-initiated commerce. Three capabilities: Agent Identity Validation, Intent Capture and Preservation, and Contextual Trust Signaling.
• ForageminorStrategic or Co-development Partner · 30 October 2025Collaboration to offer temporary relief to Americans impacted by government shutdown, providing no-fee installment payment options to households when SNAP benefits are delayed.
• StripecoreTechnology or Integration · 23 October 2025Expanded partnership integrating Zip's BNPL services into Stripe's checkout interfaces, enabling US merchants to offer flexible payment options. Zip assumes payment risk and provides full upfront payment to merchants.
• ShopifycoreTechnology or IntegrationE-commerce platform integration allowing merchants to seamlessly enable Zip payment methods through pre-built platform integrations. Zip provides plugins for Shopify merchants in AU/NZ markets.
• BigCommercecoreTechnology or IntegrationE-commerce platform integration for BigCommerce merchants in Australia and New Zealand to accept Zip payments.
• VisacoreTechnology or IntegrationZip's single-use card works wherever Visa is accepted in the US market, providing broad payment acceptance through Visa's global network.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Klarna: Klarna is a global BNPL provider operating across the US, Europe, and other markets where Zip has presence (ANZ, EU via Twisto). Klarna competes with Zip on merchant integrations, app-led consumer experience, and longer-term installment products.
• Sezzle: Sezzle is a US/Canada-listed BNPL provider offering Pay-in-4 and longer-term installment products. Listed alongside Zip on Target's checkout, Sezzle directly competes with Zip on US merchant integrations and consumer mindshare.
• Afterpay (Block, Inc.): Afterpay is the closest direct competitor to Zip, offering BNPL installments in ANZ and US markets. Acquired by Block (Square) in 2022, it now competes head-to-head with Zip on merchant checkout and consumer wallet share across Zip's core geographies.
• Affirm: Affirm is a leading US BNPL provider competing directly with Zip across checkout, longer-term installment financing, and merchant integrations. Affirm's Pay-in-2 product directly competes with Zip's newly launched Pay in 2 option.

Regional players

• Openpay: Openpay is an ANZ BNPL provider focused on larger-ticket, longer-term installment plans in healthcare, automotive, and home improvement. It competes with Zip's Zip Money product in Australia and New Zealand for the higher-ticket BNPL segment.
• LatitudePay (Latitude Financial Services): LatitudePay is an ANZ-focused BNPL provider owned by KKR/Deutsche Bank consortium. It competes directly with Zip in Australian and NZ retail checkout, including at major retailers, making it a key regional competitor to Zip's ANZ core business.

Emerging players

• Splitit: Splitit offers installment payments on existing credit cards, positioning itself as a card-network-based BNPL alternative. While not a direct checkout competitor, it overlaps with Zip's longer-term installment use cases and merchant integrations.

Broad incumbents

• Cash App (Block, Inc.): Cash App is Block's consumer finance super-app offering P2P payments, banking, and now BNPL features. As a broader fintech incumbent with massive US consumer reach, it represents an adjacent competitive threat to Zip's US mobile-first BNPL model.
• PayPal Pay Later: PayPal offers Pay-in-4 and Pay Monthly BNPL products natively inside its checkout. As a broad incumbent with massive merchant distribution, PayPal is the dominant BNPL provider where merchant integrations exist and competes with Zip on checkout default positioning.
• Apple Pay Later: Apple's Pay Later offering (built on Mastercard installment rails) competed with Zip in the US BNPL segment before being wound down. Apple's potential re-entry represents a structural incumbent threat given device-level integration advantages Zip cannot match.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/zipmoneyau
• Facebookfacebook.com/ZipAU
• LinkedInlinkedin.com/company/zip-co-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds12 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zip