[2] According to their FY24 Annual Results, across the group they had 6.0 million active customers, total transaction volume of A$10.1 billion, revenue of A$868.0m, and cash gross profit of A$372.9m.

[3] The company was founded by Larry Diamond and Peter Gray in 2013 as Zip Money, and offered a digital credit option to customers.

[4] The organisation soon launched a second product, Zip Pay, to cater for everyday purchases, including retail and health.

In August 2019, Zip Co acquired 100% of the shares in PartPay Limited, a Buy Now, Pay Later company from New Zealand with early operations in the UK.

[12] In December 2019, Zip Co announced that it has received firm commitments to raise $60 million before costs via a placement of 16,216,216 ordinary shares to fund its global expansion.

[13] In June 2020, Zip Co bought the remaining shares in New York-based "buy now, pay later" company Quadpay Inc for $430 million as part of its efforts to expand globally.

[14] 14% interest in Quadpay was already owned by Zip which it bought as part of its deal with New Zealand-based PartPay for $84 million in August 2019.

It provides an interest-free service until the end of each month leaving a $7.95 fee if the amount isn't paid by the due date.

Zip Money is also a digital wallet allowing customers to purchase immediately and pay later, both in store and online.

[28] Pocketbook was the first personal finance app in Australia to offer users the ability to manage their money through linking their bank accounts.