Australian business banking fintech Zeller raises A$50M in funding

Fast-growing Australian fintech Zeller continued to raise support from high-profile global VCs, securing an additional A$50M investment from US-based Spark Capital in the days leading up to Zeller’s launch on May 4. Zeller has raised A$81M in funds within 12 months, making it Australia’s most valuable pre-launch startup.

The funding will be used to rapidly accelerate the development of Zeller’s integrated business banking platform, and to expand their product and engineering footprint across Australia with 18 new positions opened within those respective teams.

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