Westpac invests $40 million in startup zipMoney

Summary

Sydney-based fintech startup zipMoney (Zip) has secured a $40m equity investment from Westpac as part of a strategic alliance with the ‘Big 4’ bank. The investment follows the announcement, in May, that Zip – a provider of point-of-sale credit and digital payment services – had secured a $260m debt facility with $200 million in funding from […]