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Zeller Raises $100 Million In Series B Funding At A Valuation Of $1 Billion Aud

With this funding, Zeller aims to extend its services which include online payments as well as invoice facilities and make the dealing transparent.

Zeller Raises $100 Million In Series B Funding At A Valuation Of $1 Billion Aud

Zeller, an Australian fintech neobank that provides services for small and medium-sized businesses recently received $100 million AUD in Series B funding. As a result, the company has increased its valuation to $1 billion AUD, which is a huge win for the startup. 

The forerunner of the Series B funding for Zeller was Headline, which received participation and support from industry superannuation Australian fund Hostplus. Returning investors that took part in this round of funding included Addition, Spark Capital, and Square Peg. 

In 2020, Zeller, a fintech company, laid its foundation stone. The company was started, courtesy of the ideas and efforts of Ben Pfisterer and Dominic Yap. 

Mr. Pfisterer’s previous experiences include being the executive of Square’s Asia Pacific and Australian division, and Dominic Yap currently serves as Zeller’s strategy and growth manager. 

Among the many reasons, Zeller’s ability in the recent past eight months to bring aboard over 10,000 Australian SMBs was one of the main factors that piqued the interest of Headline in investing in the fintech company.

The principal of Headline, King Goh revealed and opined along the lines that the remarkable growth of Zeller – which involved going from ground zero to having 10,000 customers is what impressed them the most. The company’s ability to progress and build standard deviations which differ from other tech firms and services companies was another reason behind the investment. 

He also mentioned how impressed they were by the company’s initial act in getting clients, which was to present them with a top-of-the-line point-of-sale/merchant-acquisition solution.

Following that, the company expanded into a wider range of business-focused banking services. Though this goal may appear ambitious, the team has a lot of expertise and is well-equipped to achieve it.

In the not-so-distant future, Zeller aims to extend its services which include online payments as well as invoice facilities. This will be done by Xero, which will permit merchants and businesses to gain transparency and visibility across all areas of their dealings.

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