Zepto’s founders began their entrepreneurial journey together as merchants in Byron Bay. After successfully exiting their skydiving business, they set about solving their biggest business frustration: slow, costly, data-blind payments. Simply receiving money promptly was an enormous pain point. After navigating the spaghetti mess of fragmented payment offerings they decided they could do a better job themselves.
And so, the business that is now called Zepto was born.
Zepto’s founders recognised early that the combination of real-time payments and insights had incredible potential. From Byron Bay, the determined team set out to build a platform that would enable businesses to get paid in real-time, with precision and tonnes of data. Today, Zepto is a scaling tech company laser-focused on a mission to deliver value for enterprise businesses and their customers through faster, more efficient, secure payments experiences. As Australia’s first non-authorised deposit-taking institution (ADI) approved to connect directly to the New Payments Platform (NPP) as a ‘Connected Institution,’ Zepto has positioned itself as a trusted infrastructure player and a pioneering force in modernising payment experiences. Zepto’s positive growth story is backed up by the numbers. Doubling revenue year-on-year in FY23, the first quarter of FY24 marked the company’s strongest quarterly revenue result on record. The company’s transaction volume witnessed a remarkable 275% compound annual growth rate over the last three years, processing more than 80 million transactions annually, representing over $50 billion in value.
In 2023, two strategic partnerships have supported Zepto in shaping an entirely new fintech ecosystem.
-- Zepto’s first-to-market advantage with instant super payments holds immense potential. In response to the Australian Government’s announcement that employers must pay their employees’ super at the same time as their salary and wages from 1 July 2026, Zepto’s collaboration with digital delivery firm OZEDI brings significant advantages. This solution accelerates cash flow, enhances back-office efficiency, and ensures data security advantages through the digital transformation of legacy processes. Woolworths Group’s Wpay selected Zepto to power its PayTo solution via the NPP, offering Australian consumers an instant pay-by-bank-account solution at checkout. PayTo heralds the modern way for businesses to collect payments from their customers’ bank accounts, eradicating the delays associated with traditional processing times and business day limitations.