Bnpl Provider Zip Co
“Can Zip become the default flexible-payment layer for consumers and merchants across ANZ and the US while sustaining institutional-grade funding at competitive cost?”
Founded in 2013 in Sydney as a consumer credit / BNPL company, Zip Co grew into a global buy-now-pay-later platform operating across Australia, New Zealand, and the US. The company expanded its product suite beyond simple instalment payments to include embedded insurance (via Cover Genius), a virtual card product, and merchant-facing flexible payment plans (Pay in 2, 4, or 8). After a period of aggressive international expansion and a failed Sezzle acquisition attempt, Zip rationalized to its two core markets (ANZ and US) and focused on improving unit economics, funding costs, and capital efficiency — reflected in its 2025 ABS issuances and warehouse facility upgrades.