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Overview
Zip Co provides buy now, pay later (BNPL) services that let people buy things now and pay over time without interest. It operates in markets including Australia, New Zealand, the United Kingdom, the United States, Canada, and Mexico, serving both individual consumers and businesses. Its main products are Zip Pay (for everyday purchases) and Zip Money (for larger expenses). Revenue comes from merchant fees, late fees, and interest on certain products. Zip partners with retailers to offer convenient, transparent payment options that help customers manage their finances, with a focus on simple terms and clear due dates. The company aims to expand globally and grow its market presence by providing flexible, easy-to-use payment solutions that simplify the purchasing process.
About Zip
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
2013
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Simplify's Take
What believers are saying
- FY26 cash EBTDA reached AU$268.9 million, and FY27 guidance targets AU$340 million.
- Rally House and InComm expanded Zip into sports retail and gift cards in 2026.
- UBS disclosed a 5.02% stake on 28 July 2026, validating investor confidence.
What critics are saying
- Affirm, Klarna, and Block's Afterpay compress margins across Zip's core U.S. BNPL market.
- Zip shut New Zealand on 17 July 2026, proving smaller geographies cannot sustain growth.
- Agentic-commerce and EWA launches create fraud, underwriting, and compliance risk if U.S. losses rise.
What makes Zip unique
- Zip ended FY26 with 6.5 million customers and AU$16.7 billion TTV.
- Zip US launched Pay in 2, targeting everyday spend and paycheck timing.
- Zip built proprietary funding with a US$300 million AAA-rated ABS and warehouse facilities.
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Funding
Total Funding
$2B
Above
Industry Average
Funded Over
11 Rounds
Benefits
Parental leave - Enjoy up to 20 weeks paid leave and return part-time on a full-time salary for 3 months!
Bonus scheme - We give you skin in the game through our various share incentive programs.
Family support - We support our ZipFam on their life journey through people policies and programs.
Volunteer leave - Use your paid volunteer leave to Zip it forward and create change in your community.
Reward & recognition - We love celebrating your wins and giving you the freedom to choose how you're rewarded.
Career growth - You'll be given clear progression pathways and transparent coaching so you can truly flourish.
Stock Price
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 2%2 year growth
↑ 2%Australian buy now, pay later company Zip is considering launching an earned wage access service in the US during the first half of 2027. The company reported net income of AU$116 million for fiscal 2026, up 46% year-on-year, with 76% of its AU$16.7 billion transaction volume coming from the US market. Zip is exploring both employer-based and direct-to-consumer EWA approaches. Nearly half of Zip's customers have already used earned wage access or cash-advance products, according to US CEO Joe Heck. The company faces competition from larger rivals including Affirm Holdings, Block's Afterpay, and Klarna. Zip is winding down New Zealand operations to focus on Australia and the US, and considering a US stock listing alongside its Australian listing.
Zip Co Ltd. ( ($AU:ZIP) ) has issued an update. Zip Co Limited has strengthened its U.S. funding platform with the pricing of a new two-year US$300 million securiti...
Zip Co shares jumped 17% to $2.97 after the buy now, pay later company reported a 46% rise in statutory profit to $116.4 million for the year ended 30 June. Cash earnings before tax, depreciation and amortisation reached a record $268.9 million, up 58% on the prior year. The company guided to cash EBTDA of $340 million for FY27, representing 26% year-on-year growth. Total transaction volume increased 23% to $16.7 billion, with US transaction volume rising 42.5% in US dollar terms. Zip announced a $50 million on-market share buyback for FY27 and is considering a potential dual listing in the US alongside a share consolidation, subject to shareholder approval.
UBS Group AG has acquired a 5.02% stake in Australian fintech company Zip Co Limited, becoming a substantial shareholder. The Swiss banking giant now holds a relevant interest in 62.5 million ordinary shares as of 24 July 2026. The shareholding is spread across multiple UBS entities, including its asset management, securities, and prime broking divisions. The positions were accumulated through various methods such as prime broking agreements and stock borrowing and lending activities. The substantial holder notice was filed on 28 July 2026, confirming UBS's status as a major shareholder in the buy now, pay later company.
Zip has partnered with Rally House, a specialty sports retailer with over 300 locations across 28 states, to offer flexible payment options both online and in-store. The collaboration allows customers to purchase licensed fan gear for NFL, NBA, MLB, NHL and college teams using Zip's instalment payment solutions. Rally House serves as the Official Team Shop of the Big 12, Big Ten and Mid-American Conferences. The partnership addresses the time-sensitive nature of sports retail, where championship wins and major sporting events drive emotionally charged purchase decisions. Zip currently operates with more than 29,000 US merchant partners and 4.6 million active US customers. The company offers point-of-sale credit and digital payment services across its core markets in Australia, New Zealand and the United States.
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About Zip
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
2013
Zip is Hiring for 35 Jobs on Simplify!
Find jobs on Simplify and start your career today