Australian fintech, Zeller is doubling down on development of its fully integrated financial operating system for business owners after closing a $100 million funding round at a valuation exceeding $1 billion. 

The Series B, which saw Zeller more than double its valuation, was led by US-based Headline, with additional funds contributed by Australian industry superannuation fund Hostplus. Previous investors, including Square Peg, Addition, and Spark Capital, returned to participate in the round.

Zeller will invest funds to launch a range of new payments and business banking capabilities to cater for the needs of its customer base. 

“We’re excited to be entering Zeller’s next growth phase, as we rapidly expand our product range to offer businesses access to every financial services product they might need to thrive,” Zeller CEO and co-founder, Ben Pfisterer said.

“Listening to feedback from over 10,000 businesses who joined Zeller in our first eight months helps us to continually build new products that meet their evolving needs, as they reestablish themselves following the pandemic. In collaboration with our growing Australian customer base, we hear that they want a single financial services solution that brings together every product they need to run and grow their business.”

Zeller provides Australian business owners with a fully integrated payments and financial services solution, including a next-generation EFTPOS terminal, business transaction account, and Mastercard, all within one kit available online and in Officeworks stores nationally.

More ways to accept payments in-store and online

Zeller announced the upcoming launch of omnichannel commerce capabilities, enabling merchants to accept payments online with Zeller. Business owners will be able to use Zeller payment processing when selling products or sending invoices online, and then track sales and analyse all payments data across every sales channel from Zeller Dashboard.

“Delivering the tools to accept payments and get a complete view of their business, be it in-store or online, is our first step into seamless omnichannel commerce. New integrations with industry-leading website and e-commerce platforms will give our customers a single view of their business and reduce the complexity of having to navigate numerous, disparate systems and providers,” Pfisterer commented.

The financial operating system for businesses 

This year Zeller will accelerate development of new financial services solutions that will give merchants the ability to manage more of their business from their Zeller Account — from payments, to expense management, finances, credit and more. 

“We’ve built new solutions from the ground up that redefine how merchants accept payments, manage finances, and spend their funds. Banking should no longer be purely transactional — it’s about connecting buyers with sellers and enabling merchants with a better understanding of how their customers, suppliers and employees interact with their business,” Pfisterer said.

“This year we will deliver innovative financial services to further replace outdated business banking solutions — including next-generation banking capabilities, enhanced credit and debit cards, expense management, lending, and more.”