Company
Buy now pay later fintech
Every investor coverage indicates participated in a round Zip raised.
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.
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 |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
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.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Zip is recorded as having been acquired. | ||||
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 | 2021 | ~$140m | Startup Daily (22 May 2024), Startup Daily (31 Mar 2023), Startup Daily (28 Feb 2022) |
| QuadPay | Acquisition | undated | $403m | Startup Daily |
Stories naming Zip. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
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
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
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.
Amber raised $45 million led by ETF Partners, while Sydney fintech Superhero secured $11 million at a $150 million valuation, with several executive hires announced alongside the raise.
Also @AuManufacturing·Startup Daily·SmartCompany·RenewEconomy
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.
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.
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.
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.
Under loss pressure, ASX-listed Zip has agreed to sell Twisto and Payflex and is closing its Middle East operations, expecting roughly $20 million in net inflows as it chases profitability.
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.
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 Startup Daily·Techboard
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
Corporate-card fintech Archa closed a $24 million pre-Series A round of debt and equity led by Wisr's Anthony Nantes, and secured a new institutional debt facility from Roadnight Capital.
Also Techboard
Ignition Lane's weekly roundup: Zip's deal for Sezzle, Zeller's unicorn raise, several Australian funding rounds, Startmate backing Provvy, a space manufacturing grant, NZVC's first close, and tech's response to Russia.
Zip has agreed an all-scrip takeover of US-based BNPL rival Sezzle, valuing it near $491 million, with Sezzle shareholders to hold roughly 22% of the combined group once the deal closes.
Analysis of Zip's move to acquire Sezzle and what public-market pricing implies for BNPL company valuations, alongside a roundup of recent funding raises by installment-credit startups.
Flood forecasting startup FloodMapp has raised a record Australian seed round, with US venture capital backing, to scale its real-time flood intelligence products and expand into new markets.
A year-end recap of SmartCompany's most-read startup stories of 2021, recalling raises by Carted, Octopus Deploy, Who Gives a Crap and Judo Bank, plus a bank acquisition, listings and a liquidation.
SmartCompany's year-end list profiles ten Australian startups poised for a big 2022, recalling their 2021 raises, crowdfunding campaigns, government grants and accelerator origins, from mtime and Quantum Brilliance to Zoomo and Superhero.