Zip

Zip

Provides buy now, pay later services

About Zip

Simplify's Rating
Why Zip is rated
C-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

Fintech

Consumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Sydney, Australia

Founded

2013

Overview

Zip offers buy now, pay later (BNPL) services that allow consumers to make purchases and pay for them over time without interest. Its main products, Zip Pay and Zip Money, cater to everyday purchases and larger expenses, respectively. Zip operates in several countries, including Australia, New Zealand, the UK, the US, Canada, and Mexico, serving both individual consumers and businesses. The company generates revenue through merchant fees, late fees, and interest on certain products. What sets Zip apart from competitors is its focus on convenience, transparency, and flexibility, ensuring users are aware of their payment obligations. Zip's goal is to simplify the purchasing process and expand its market presence by partnering with various retailers.

Simplify Jobs

Simplify's Take

What believers are saying

  • Zip's U.S. growth targets 100 million Americans lacking traditional credit access.
  • Partnership with Stripe expands Zip's BNPL reach to U.S. merchants.
  • Zip's potential Apple partnership could significantly boost its market presence.

What critics are saying

  • GameStop store closures may reduce Zip's transaction volumes and revenue.
  • Regulatory scrutiny in the U.S. could impact Zip's business operations.
  • Economic downturns may increase default rates on Zip's BNPL payments.

What makes Zip unique

  • Zip offers interest-free BNPL services, enhancing consumer financial flexibility.
  • The company operates in diverse markets, including Australia, the U.S., and the U.K.
  • Zip's partnerships with retailers like GameStop enhance the shopping experience.

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Funding

Total Funding

$1371M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

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.

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↓ -2%
PYMNTS
Mar 28th, 2025
Gamestop To Close ‘Significant Number’ Of Stores In Cost-Cutting Effort

GameStop said it expects to close a “significant number” of stores in fiscal 2025 after closing 970 stores in fiscal 2024.The plan is part of the retail gaming destination’s ongoing evaluation of its international assets and operations aimed at achieving sustained profitability, GameStop said in a Form-10K filed Tuesday (March 25) with the Securities and Exchange Commission (SEC).During fiscal 2024, GameStop closed 590 stores in the U.S., 336 in Europe, 33 in Australia and 11 in Canada, according to the filing.The company also exited its operations in Ireland, Switzerland and Austria during fiscal 2023; closed its store operations in Germany and sold the Italian subsidiary that operated its Italian stores and eCommerce business during the fourth quarter of fiscal 2024; and, on Feb. 18, announced that it plans to sell its operations in France and Canada, the filing said.As of Feb. 1, the end of fiscal 2024, GameStop had 3,203 stores, 2,325 of which were in the U.S., per the filing.“We have also initiated a comprehensive store portfolio optimization review which involves identifying stores for closure based on many factors, including an evaluation of current market conditions and individual store performance,” the company said in the filing. “This review, among other things, resulted in the closure of 590 stores in the United States in fiscal 2024. While this review is ongoing and a specific set of stores has not been identified for closure, we anticipate closing a significant number of additional stores in fiscal 2025.”Together with its effort to optimize its cost structure, GameStop is focused on establishing “omnichannel retail excellence” and expanding its addressable market by adding new product and service offerings, including graded collectibles, according to the filing.GameStop has been facing challenges as it adjusts to the rise of digital distribution and changing consumer behavior in the gaming retail industry PYMNTS reported in December.It was reported March 3 that the company partnered with Zip to offer a buy now, pay later (BNPL) option to GameStop customers.On Tuesday, GameStop announced that its board voted unanimously to add bitcoin as a treasury reserve asset

PYMNTS
Mar 3rd, 2025
Gamestop/Zip Partnership Lets Gamers Play Now And Pay Later

Zip says it has become the chief installment payments partner for video game retailer GameStop. “We are so pleased to become the primary Buy Now, Pay Later partner of GameStop, a business that has been at the forefront of offering shoppers an array of customer-first options for gaming purchases, from payment options to trade-in policies,” Joe Heck, Zip U.S. CEO, said in a Monday (March 3) news release. “Nearly 84% of Zip’s U.S. customers shop for gaming and accessories at GameStop, with many returning to Zip for repeat purchases,” he added. “Gaming is one of Zip’s most popular categories overall, making Zip an ideal partner for helping these shoppers responsibly purchase goods and services from one of the industry’s fan-favorites and top businesses.”

PYMNTS
Feb 25th, 2025
Zip: Bnpl Offers Solution To 100 Million Americans Who Can’T Access Traditional Credit

Australia-based buy now, pay later (BNPL) provider Zip said Tuesday (Feb. 25) that demand from consumers and merchants drove its growth in the most recent half. The company’s growth was especially strong in the United States, where it aims to serve consumers who are unable to access traditional credit and who use BNPL because of its flexibility, transparency and cash management capabilities, according to an investor presentation released Tuesday in conjunction with its earnings call. “Our customers are everyday Americans, a group of over 100 million Americans who have difficulty accessing or take higher costs to access traditional credit,” Zip Group CEO and Managing Director Cynthia Scott said during the earnings call

PYMNTS
Aug 27th, 2024
Zip Ceo: Us Shoppers’ In-Store Card Usage Surges Nearly 150%

U.S. retail customers are adopting buy now, pay later (BNPL) options for in-store transactions, according to Zip. On a call with analysts Monday (Aug. 26) discussing the Australia-based FinTech company’s fourth quarter fiscal 2024 financial results, CEO Cynthia Scott spoke to this shift. “Our Americas business had an outstanding year,” Scott said. “…Higher margin channels, including the physical card, saw strong in-store engagement, with card volumes up nearly 150% versus the prior year and in-store volume now driving 20% of all U.S

PYMNTS
Aug 27th, 2024
Zip Eyes Apple Partnership As Bnpl Use Grows

Australian buy now, pay later (BNPL) firm Zip is reportedly considering a partnership with Apple. That collaboration would integrate Zip’s installment payments offering with Apple in the U.S., CEO Cynthia Scott told the Wall Street Journal (WSJ). The company also plans to announce pacts with major U.S. merchants during this quarter, she added. “We don’t have an integration with Apple at the moment in the U.S., but that’s something that we are in conversation with them about,” Scott said on Tuesday

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