Zeller

Zeller

Provides business financial management tools

About

Zeller provides a suite of financial management tools designed for businesses, focusing on zero-cost EFTPOS services that allow companies to accept in-person payments without extra fees. This is especially advantageous for small to medium-sized businesses aiming to lower their operational costs. In addition to EFTPOS, Zeller offers features such as unlimited invoicing, online payment acceptance, customer information management, and expense tracking, all accessible through a single online dashboard. The company operates on a freemium model, allowing businesses to sign up for free and access various tools, while generating revenue from transaction fees and premium features. Zeller distinguishes itself with a user-friendly setup process, local customer support available seven days a week, and dedicated account management to help businesses fully utilize its services. The goal of Zeller is to empower businesses to manage their finances more effectively and efficiently.

Company Stage

Series B

Employees

201-500

Industries

Fintech, Financial Services

Total Funding

$119.1M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • Zeller's partnership with Oracle enhances its market reach and provides a robust solution for the restaurant industry, potentially leading to increased adoption and revenue.
  • The launch of Tap to Pay on Android positions Zeller as a pioneer in contactless payment solutions in Australia, attracting tech-savvy businesses and consumers.
  • The introduction of Zeller Corporate Cards offers businesses a comprehensive expense management tool, streamlining financial operations and potentially reducing administrative burdens.

What critics are saying

  • The competitive fintech landscape requires Zeller to continuously innovate to maintain its market position and avoid being overshadowed by larger players.
  • Reliance on partnerships, such as with Oracle, may pose risks if these collaborations face challenges or fail to deliver expected benefits.

What makes Zeller unique

  • Zeller's zero-cost EFTPOS services provide a significant cost-saving advantage for small to medium-sized businesses, unlike competitors who charge transaction fees.
  • The integration with Oracle’s Simphony POS system offers a seamless and efficient payment solution for the food and beverage industry, setting Zeller apart from other fintech providers.
  • Zeller's rapid innovation and speed-to-market, exemplified by the swift development of the Zeller Savings Account, demonstrate a commitment to staying ahead of traditional banks and fintech competitors.

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Growth & Insights
Headcount

6 month growth

10%

1 year growth

18%

2 year growth

20%

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