Sydney startup zipMoney secures $20 million in funding to “aggressively turbocharge” growth plans

Sydney-based fintech startup zipMoney has secured $20.6 million in funding through an institutional placement that will see the company “aggressively turbocharge” its national growth plans. The funding round was oversubscribed and comes from “several leading institutional and sophisticated investors”. The ASX-listed startup completed the funding round through the issue of 37.5 million shares at a […]

Denham Sadler 08 June, 2016

Sydney-based fintech startup zipMoney has secured $20.6 million in funding through an institutional placement that will see the company “aggressively turbocharge” its national growth plans.

The funding round was oversubscribed and comes from “several leading institutional and sophisticated investors”.

The ASX-listed startup completed the funding round through the issue of 37.5 million shares at a price of 55 cents each.

ZipMoney offers a range of digital payment services and ‘buy now, pay later’ loans, and completed a $5 million backdoor listing on the ASX in September last year.

About the author

Denham Sadler

Denham Sadler is a former editor of StartupSmart. He was previously a journalist at the publication and has worked as a freelancer for the Guardian, the Saturday Paper and the ABC. In his spare time he likes puns and jaffles.