Australian digital payments platform, Fat Zebra, has acquired small to medium-sized businesses (SMEs) paytech, Pin Payments as it looks to expand its offering across Australia and New Zealand.
Pin Payments currently serves over 13,000 SMEs in Australasia, and will now be combined with Fat Zebra’s established mid-market and enterprise client base. This is the second acquisition Fat Zebra has made this year to strengthen its position in the market, as it added Adatree, the customer data technology provider, to its arsenal in February 2024.
Previously acquired by Checkout.com in 2020, Pin Payments is known for its secure, user-friendly solutions tailored to platforms and SMBs. Meanwhile, Fat Zebra provides merchants and platforms with access to the most up-to-date payment methods ensuring customers get the best in market approval rates, reduced fraud, optimised cost of acceptance, and true processing redundancy.
Strengthening the market
Pred Dragila, founder and CEO of Fat Zebra
“This acquisition unites two companies with complementary strengths, as together we’re placed to deliver the best payment solutions to businesses across Australia and New Zealand, helping them thrive in an increasingly digital economy,” said Pred Dragila, founder and CEO of Fat Zebra.
Guillaume Pousaz, CEO and founder of Checkout.com
“Our relationship with Pin Payments formed a significant part of Checkout’s journey in Australia and beyond. We’re grateful for all the team’s work,” said Guillaume Pousaz, CEO and founder of Checkout.com.
“I am confident that by coming together with the Fat Zeba team, they’ll collectively deliver great value to the SMB community in Australia,” he said.
Fat Zebra’s acquisition of Pin Payments will create a comprehensive offering designed to meet the needs of a diverse range of businesses as they grow and scale.
“Fat Zebra is accelerating its growth trajectory, and this acquisition lays the foundation for long-term success. By combining our strengths, we’re ensuring our customers benefit from innovative solutions and exceptional service, solidifying our position as a leader in the payments industry,” said Draglia.
“We’re on a trajectory to become the leading domestic provider of digital payment solutions, delivering the best offerings to businesses, and this is another exciting step in that direction,” he said.
Added expertise
The acquisition also introduces Pin Payments CEO Chris Dahl to Fat Zebra’s leadership team, bringing with him a wealth of experience to drive the business forward with a focus on growth and innovation.
“This acquisition is a strategic leap that enables us to expand our market presence and provide tailored solutions to a broader customer base. Our digital merchants demand reliability, speed, surge capacity and scalability, features which will be further enhanced by Pin Payments’ offering,” said Draglia. “Likewise, the addition of Chris and Pin Payments to our team will undoubtedly bolster our capabilities and complement our strengths.
“We pride ourselves on our customer service, and this acquisition will ensure we deliver our customers greater responsiveness, enhanced personalised service, and customised solutions for their unique needs.”
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