Australian fintech Zeller raises $100M AUD Series B at $1B AUD valuation

Zeller, the Australian neobank for SMBs, has raised a $100 million AUD Series B (about $72.7 million USD), doubling its valuation to more than $1 billion AUD (about $727 million USD). The funding was led by Headline, with participation from Australian superannuation fund Hostplus. Returning investors included Square Peg, Addition and Spark Capital.

The fintech was founded in 2020 by Ben Pfisterer, Square’s former Asia Pacific and Australian head and Dominic Yap, its strategy and growth lead. TechCrunch first covered Zeller in March 2021, when it announced a pre-launch Series A led by Addition, the venture capital firm founded by Lee Fixel.

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