Zip integrates with Xero Invoicing via Stripe for streamlined payments and improved cash flow

Small businesses in Australia using Xero can now offer Zip's flexible payment options via Stripe.

Zip Co (ASX: ZIP), the digital financial services company offering innovative, people-centred products, today announced a new integration in Australia through Stripe with Xero, the global small business platform.

With half of all payments for small businesses arriving late¹, Zip’s payment options through Stripe can help small business owners get paid more efficiently and take greater control of their cash flow management.

The integration allows businesses using Xero and Stripe to offer their customers the flexibility to split invoice payments through Zip's payment options, while still receiving the full payment amount upfront, minus any fees.

“This integration means small businesses in Australia on the Xero platform, with a Stripe account, can now add Zip’s flexible payment solutions directly on their invoices, providing customers with greater payment flexibility and helping businesses to reduce payment friction and support cash flow management,” said Soraya Alali, Zip ANZ CEO. “We’re excited to bring this capability to Xero customers through Stripe’s payment infrastructure.”

Bharathi Ramavarjula, Senior Vice President of Payments at Xero said,“We know from our research that consumers expect choice when it comes to making payments. So the more payment methods we can offer with Stripe, such as Zip, the more likely it is that our customers will get paid up to twice as fast, helping to strengthen their financial position, and reclaim hours spent chasing late payments.”

Karl Durrance, Managing Director for Australia and New Zealand at Stripe said,"Australia's small businesses often struggle with cash flow and complexity of managing unpaid invoices, chasing late payments and reconciling accounts manually.Working with Zip and Xero demonstrates how technology solves important business problems — small businesses get paid faster while offering their customers more flexible payment options, opening up new possibilities for growth."

To learn more about this integration, please visit: https://zip.co/au/business/xero-stripe

¹Xero Small Business Insights Special Report Cash flow Crunch Part 2, page 4

Media Contact

For any media enquiries, please contact: Chloe Rees | Director, External Relations & Group Communications | chloe.rees@zip.co

About Zip: Zip Co Limited (ACN 139 546 428) (ASX: ZIP) is a digital financial services company, offering innovative and people-centred products. Operating in two core markets - Australia and New Zealand (ANZ) and the United States (US), Zip offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants.

Founded in Australia in 2013, Zip provides fair, flexible and transparent payment options, helping customers to take control of their financial future and helping merchants to grow their businesses.

For more information, visit: www.zip.co