Zip
Australian-listed BNPL operating in US, AU, NZ with WebBank sponsorship and Stripe Dashboard integration.
Overview
Zip Co Limited (ASX: ZIP) is an Australian BNPL provider, founded in 2013 in Sydney by Larry Diamond and Peter Gray (originally Zip Money). After acquiring QuadPay (US BNPL) in 2020 for ~A$400M, Zip operates in three core markets — Australia, New Zealand, and the United States. The company has discontinued operations in the UK (2022), Singapore (2022), Mexico (2022), the Middle East, South Africa, CEE (all 2023), and Canada (FY24). Zip's flagship product is Pay-in-4, with extended-term financing also available. US loans are originated by WebBank (FDIC-insured Utah industrial bank). In Australia, Zip operates under its own Australian Credit License. The platform integrates with Stripe (expanded October 2025 to no-code Stripe Dashboard onboarding), Shopify, WooCommerce, Google Pay, and Mastercard, with notable US merchant footprint at Best Buy, Target, Home Depot, GameStop, eBay, and Amazon Australia. FY2025 financials show A$13.1B in Total Transaction Value (TTV, +30% YoY), A$1.08B in revenue, and A$79.9M in net profit — Zip's first meaningfully profitable year after a multi-year restructuring. Standard merchant pricing is 5.9% + $0.30 per transaction (publicly stated), with custom enterprise pricing for large accounts. The company holds PCI DSS, SOC 2 Type 2, and ISO 27001 certifications.
Key features
- Pay-in-4 plus longer-term installments
- Stripe Dashboard no-code onboarding (Oct 2025)
- Multi-market: US, AU, NZ
- Best Buy, Target, Home Depot embedded
- WebBank US lending sponsorship
- Standard pricing 5.9% + $0.30
Vertical focus
E-commerce, Retail, Electronics, Home goods, Fashion
Notable customers
Best BuyTargetHome DepotGameStopeBay