Zibal Co
Zibal Co is an Iranian licensed payment facilitator providing an integrated internet payment gateway and multi-bank corporate banking platform to over 100,000 Iranian SMB e-commerce businesses, operating under Central Bank of Iran regulation with smart transaction routing across five bank gateways.
- Company typePrivate
- Founded2017
- HeadquartersTehran, Iran
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Zibal Co does
Zibal Co is an Iranian fintech company operating as a licensed payment facilitator (pardakht-yar) under the Central Bank of Iran and Shaparak regulatory oversight. The company provides an integrated platform combining an internet payment gateway (IPG) and a corporate banking aggregation service to over 100,000 businesses, primarily SMB e-commerce merchants in Iran's domestic market. The IPG connects simultaneously to five Iranian bank gateways and applies a proprietary smart routing algorithm intended to maximize transaction success rates above single-gateway alternatives; the corporate banking product connects to 13 Iranian banks through a single unified panel.
The platform's product surface has expanded over eight years of operation from its 2017 founding (initially a POS-to-internet concept) to include transaction splitting, refund processing, instant settlement, smart liquidity management, deposit identification and reconciliation, a unified financial dashboard, and a real-time infrastructure monitoring service (Aagah) that checks availability from 10 ISP vantage points. In 2023, the company launched a Zohal sub-brand extending into identity verification and banking inquiry web services. Supporting developer tools include the Didaban PSP performance monitor, multi-language SDKs (Java, Go, Node.js, PHP, Python), and free plugins for WordPress and WooCommerce.
Zibal operates a percentage-based transaction fee revenue model on payments processed through its gateway, supplemented by fees from corporate banking, settlement, and inquiry services; specific rates are not publicly disclosed and are subject to Central Bank of Iran regulation. The company employs 11-50 staff at its Tehran headquarters, is privately held with no disclosed external investors, and serves exclusively the Iranian market through a self-serve digital onboarding channel supplemented by phone-based consultation for mid-market and enterprise customers.
Zibal Co firmographics
Firmographics- Name
- Zibal Co
- Legal name
- Rahkare Novin Zibal Company (شرکت راهکار نوین زیبال)
- Website
- https://zibal.ir
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Zibal Co is an Iranian licensed payment facilitator providing an integrated internet payment gateway and multi-bank corporate banking platform to over 100,000 Iranian SMB e-commerce businesses, operating under Central Bank of Iran regulation with smart transaction routing across five bank gateways.
- Ownership category
- akta.pro rank
Zibal Co industry classification
Industry- Product category
- Internet Payment Gateway and Corporate Banking Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Omnichannel Gateway Enablement (Online + In-store) (FSAMACAH)
Keywords
Where Zibal Co is headquartered
LocationHeadquarters
- HQ city
- Tehran
- HQ country
- Iran
- HQ region
- Middle East
Offices1 record
Markets served
Zibal Co business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales
Revenue model
- Payment Gateway Transaction Fees: Zibal charges a percentage-based transaction fee (commission) on each successful payment processed through its internet payment gateway. Additional revenue is generated from corporate banking services, instant settlement services, and inquiry/web service products. The company acts as a payment facilitator (پرداختیار) licensed by the Central Bank of Iran, routing transactions across multiple bank gateways and charging fees per transaction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fee model (percentage per successful transaction) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Zibal Co product offering
Product offeringCore offering
Zibal Co provides an integrated internet payment gateway and corporate banking platform for Iranian online businesses. Its payment gateway simultaneously connects to 5 Iranian bank gateways and uses a smart routing algorithm to maximize transaction success rates, with capabilities including instant settlement, automatic fund splitting across partners, refunds, and detailed financial reporting. Its corporate banking product connects to 13 Iranian banks through a single unified panel to enable multi-bank account management, liquidity management, deposit identification, and unified financial dashboards.
Product overview
Zibal Co operates a unified platform of integrated financial and payment products for Iranian businesses, combining an internet payment gateway (IPG) with corporate banking services, both built on a common infrastructure. The core IPG product connects to 5 bank payment channels via a smart routing algorithm and supports transaction splitting, refunds, and comprehensive reporting. The corporate banking product simultaneously connects to 13 Iranian banks, delivering cash flow management, deposit management, a unified financial dashboard, and smart settlement through a single panel. A developer-facing sub-brand called Zohal (زحل) provides inquiry and identity web services. Supporting developer tools include the Didaban (دیدهبان) real-time PSP monitoring tool and the Aagah (آگاه) infrastructure status monitoring service. Code samples in 5 programming languages and pre-built plugins for WordPress/WooCommerce are available.
Differentiator
Problem solved
Functional benefit
Brands
- Zohal (زحل): Inquiry services and identity/banking inquiry services sub-brand launched in 1402 (2023).
Products and services
- Internet Payment Gateway (IPG) / درگاه پرداخت Internet payment gateway that enables online merchants to accept Iranian Shetab card payments through simultaneous connectivity to 5 bank gateways with a smart routing algorithm that maximizes transaction success rates. Includes transaction splitting, refunds, and comprehensive financial reporting. Used by more than 100,000 active merchants across Iran's online business ecosystem.
- Corporate Banking (Ebank) / بانکداری شرکتی Corporate banking platform that simultaneously connects to 13 different Iranian banks through a single unified panel, enabling centralized management of business bank accounts, cash flow management, smart settlement, deposit identification, liquidity management, and unified financial reporting. Targeted at Iranian companies and finance teams operating multiple bank accounts.
- Zohal Inquiry Web Services / زحل API-based inquiry and identity verification sub-brand offering web services for verification and banking inquiry operations. Provides businesses with programmatic access to identity and banking-related inquiries as part of Zibal's service portfolio.
- Dideban PSP Monitor / دیدهبان
Quantifiable outcome
- National transaction success rate averages 93% according to Shaparak December 2025 report, with smart routing expected to improve performance for Zibal merchants above this baseline.
Companies that use Zibal Co
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Zibal Co technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability1 record
Feature8 records
Zibal Co partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Shaparak (شاپرک) — Network for Electronic Payment Servicescore
- Behpardakht Mellat (بهپرداخت ملت)core
- Sadad (سداد / Bank Mellat)core
- SEP (پرداخت الکترونیک سپ / Bank Sepah)core
- AP / Asan Pardakht (آسان پرداخت پرشین)core
- Sepehr (سپهر / Bank Keshavarzi)core
- Parsian Bank (PEC — تجارت الکترونیک پارسیان)core
- Iran Kish (ایران کیش)core
- Bank Tejarat (بانک تجارت)core
- Central Bank of Iran (بانک مرکزی ج.ا.ا)core
- Enamad (نماد اعتماد الکترونیکی)minor
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Zibal Co competitors and assessment
Company assessmentDirect peers
- Asan Pardakht: Asan Pardakht is an Iranian PSP offering online payment gateway services. It is a direct competitor to Zibal in the merchant payment gateway space and also functions as one of Zibal's bank-side routing partners.
- Pay.ir: Pay.ir is an independent Iranian PSP providing online payment gateway services to merchants. It competes directly with Zibal by offering comparable internet payment gateway functionality and self-serve merchant onboarding.
- IdPay: IdPay is an independent Iranian payment gateway provider serving online merchants with similar offerings to Zibal (online payment acceptance, developer integration, refund/settlement features). It is a direct competitor in the Iranian PSP market.
- Sadad: Sadad is Bank Mellat's electronic payment platform offering online payment gateway services to merchants. It competes with Zibal for online merchants while also serving as a routing channel for Zibal's smart routing algorithm.
- Behpardakht Mellat: Behpardakht is the PSP subsidiary of Bank Mellat, providing payment gateway services that compete with Zibal at the merchant level. It also functions as one of Zibal's bank gateway partners, illustrating the dual competitor/integrator dynamic in Iran's PSP market.
- ZarinPal: ZarinPal is one of Iran's largest independent payment service providers, offering online payment gateway services to merchants. It competes directly with Zibal for online merchant relationships across Iran's e-commerce ecosystem with similar product positioning.
- PEC (Parsian E-Commerce): PEC is the PSP arm of Parsian Bank, providing online payment gateway services to Iranian merchants. It competes with Zibal for merchant relationships and also serves as a bank routing channel for Zibal's payment aggregator.
- Iran Kish: Iran Kish is an Iranian PSP providing payment gateway services to online merchants. It is both a direct competitor of Zibal at the merchant level and one of Zibal's integrated bank gateway partners.
Broad incumbents
- Mellat Bank: Mellat Bank is one of Iran's largest commercial banks, operating payment gateway subsidiaries (Behpardakht, Sadad) that compete with Zibal. As a broad incumbent, it dwarfs Zibal in capital and scale while overlapping in payment-related services.
Others
- Shaparak Network: Shaparak is Iran's central electronic payment network operator under Central Bank of Iran oversight, providing the clearing and settlement infrastructure that all PSPs (including Zibal) route through. Ecosystem infrastructure provider rather than direct competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Zibal Co social profiles
Digital presenceZibal Co compliance and trust
Trust signalCompliance3 records
Zibal Co financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zibal Co leadership team
Management profileNumber of profiles
Profiles3 records
Zibal Co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zibal Co 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 Zibal Co
What does Zibal Co do?
Zibal Co provides an integrated internet payment gateway and corporate banking platform for Iranian online businesses. Its payment gateway simultaneously connects to 5 Iranian bank gateways and uses a smart routing algorithm to maximize transaction success rates, with capabilities including instant settlement, automatic fund splitting across partners, refunds, and detailed financial reporting. Its corporate banking product connects to 13 Iranian banks through a single unified panel to enable multi-bank account management, liquidity management, deposit identification, and unified financial dashboards.
Is Zibal Co a public or private company?
Zibal Co is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Zibal Co founded?
Zibal Co was founded in 2017. It employs 11 to 50 people.
Where is Zibal Co based?
Zibal Co is headquartered in Tehran, Iran, in the Middle East region.
How does Zibal Co make money?
One revenue line is on record: payment Gateway Transaction Fees.
Who are Zibal Co's main competitors?
Direct peers on record are Asan Pardakht, Pay.ir, IdPay, Sadad, Behpardakht Mellat, ZarinPal, PEC (Parsian E-Commerce) and Iran Kish. Mellat Bank is listed as a broad incumbent. Shaparak Network is listed as an others.
Does Zibal Co have an API?
Yes. Zibal provides a REST API for its internet payment gateway (IPG) and corporate banking services. The gateway API (gateway.zibal.ir/v1/request) accepts JSON payloads with merchant ID, amount, and callback URL, returning transaction status and reference numbers. Code samples are provided in Java, Go, Node.js, PHP, and Python. A sandbox/test environment is referenced for pre-launch testing. The API powers core payment operations including request initiation, callback verification, and refund processing. Developer documentation is at help.zibal.ir/#docs.
What industry is Zibal Co in?
Zibal Co's product category is Internet Payment Gateway and Corporate Banking Services. Its primary akta.pro industry code is FSAMACAH, Omnichannel Gateway Enablement (Online + In-store). Its NAICS code is 522320 and its SIC code is 6199.