Zeller
“Can a single integrated financial platform replace both legacy bank accounts and fragmented fintech point solutions for SMBs — first in Australia, then globally?”
Founded2020
HQMelbourne, Australia
Total raised$181M+
Latest roundSeries B, March 2022
Valuation$1B+ (March 2022)
IndustryFintech / SMB banking
The story
Founded in 2020 as an Australian EFTPOS/payments challenger for SMEs, Zeller rapidly expanded beyond terminal payments into full business banking — offering transaction accounts, debit Mastercards, savings accounts, and expense management. By 2022 it had crossed $1B valuation and signalled intent to add lending, cementing its position as a business financial OS rather than a single-product payment company. In 2026, it expanded internationally into the UK, marking a significant geographic pivot from its Australia-only roots.
Product timeline
2020
Zeller launched in Australia offering EFTPOS terminal payments and business transaction accounts for SMEs.· banking
2021
Reached 10,000 Australian business customers within eight months of launch; introduced Zeller Debit Mastercard.· card
2022
Raised Series B ($100M) at $1B+ valuation, doubling down on full business banking platform including lending, expense management, and enhanced payment services.· banking
2023
Launched Tap to Pay on iPhone for contactless SME payments in Australia.· banking
2025
Introduced Zeller Savings Account offering up to 3.2% p.a. variable interest rate.· banking
2026
Launched UK operations targeting 5.7 million SMEs with integrated payments, POS, invoicing, accounts, cards, and expense management.· pivot
Regulated entities
AFSL / Financial Services
Australia (ASIC)
Zeller Australia Pty Ltd ACN 649 001 383
The stack
Payments / PSP
Banking / BaaS
Sponsor bank
Accounting gap: significant