Zip Co Limited (abbreviated as Zip Co) is a digital financial services company with operations in Australia, New Zealand and the USA.[2] According to their FY24 Annual Results, across the group they had 6.0 million active customers, total transaction volume of A$10.1 billion, revenue of A$4.0b, and cash gross profit of A$1.0B.[3]
History
The company was founded by Larry Diamond and Peter Gray in 2013 as Zip Money, and offered a digital credit option to customers.[4] The organisation soon launched a second product, Zip Pay, to cater for everyday purchases, including retail and health. In 2015, Zip was listed on the Australian Securities Exchange as zipMoney Limited (ASX: ZML).[5][6]