Australian fintech Zeller has signed up over 10,000 businesses in just 8 months since launch as demand for the business banking solution continues to grow, establishing itself as one of Australia’s fastest growing fintechs.
Businesses using Zeller include Little Athletics Victoria, Monster Threads, and Racing South Australia, alongside independent businesses such as Bar Positano in Surry Hills, Sydney, and Seville Estate Winery in Victoria’s Yarra Valley.
Coupled with rapid customer base growth, payments processed by businesses using Zeller Terminal are growing on average 103% monthly.
Protracted lockdowns have provided a unique opportunity for business owners to review their banking requirements and upgrade their EFTPOS solutions, according to Zeller CEO and co-founder, Ben Pfisterer.
“By switching from incumbent banks to Zeller, they’ve been able to get paid faster, lower their cost of card acceptance, and upgrade to a more reliable solution. The products that Zeller has launched play an important role in helping these businesses get back on their feet, as well as boosting growth in new business openings. We’re excited to support customers through the post-lockdown rebound and are humbled by the growth seen in our first 8 months.”
In the days following the easing of the New South Wales lockdown and the announcement that Victoria would soon follow, Zeller’s sign-up volume immediately grew 30% week-on-week, while Zeller Terminal sales increased by 48% week-on-week.
To meet growing demand for its products and services, Zeller has expanded its team to 122 people globally, growing at a rate of 40% quarterly. Zeller is accelerating team expansion through the establishment of regional hubs and recruiting talent remotely across the world.
“There’s been a lot of commentary on the hiring challenges Australian tech companies have faced in the past two years.Despite these challenges, we have been privileged to have rapidly grown our team to over 120 people and meet amazing talent whose aspirations align with the opportunities that working in a high-growth scale-up like Zeller offers,” Pfisterer added.
Zeller also announced the launch of the Zeller Partner Program to deliver an ecosystem of integrations and partnerships with Zeller which enable merchants to accept payments in more places and help improve operational efficiency.
The Zeller Partner Program launches with the release of over 300 point-of-sale system integrations with Zeller Terminal including Vend, Ordermate, Next Order, Revel and Abacus.