Fintech Company Zepto Raises $25 Million in Series A Round

Zepto, an Australian financial technology startup, announced that AirTree Ventures and Decade Partners have injected $25 million to fuel the next wave of innovation transforming the payments landscape, accelerate company headcount growth and drive Zepto's international expansion.

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Zepto CEO Chris Jewell said:"We are excited to partner with AirTree Ventures and Decade Partners on our first external funding round. From our roots as a bootstrapped Byron Bay upstart, Zepto has grown to become a market leader in the payments industry. We intend to use this capital to grow our team and technology in a meaningful, empowering way as we meet the demands of an ever-evolving domestic market, as well as accelerate our expansion into international markets."

The investment comes after explosive growth of 10X YoY revenue growth over four financial years since 2018. Zepto is now facilitating more than $4 billion in payment volume each month, and currently serves hundreds of Australian businesses including Binance Australia, Superhero, Novatti Group, Nimble, Powerpay, Till Payments, Bluestone, Rentbetter, Biz Pay and Get Blys.

AirTree Ventures has invested in a roll call of Australian tech success stories including Canva, Linktree, Mr Yum, MILKRUN, Immutable, Brighte, Who Gives a Crap and Employment Hero.