Pin Payments provides an end-to-end solution that consolidates all aspects of online payments into one account. Credit: Nichcha/Shutterstock.

Australian digital payments provider Fat Zebra has acquired Pin Payments, a payment services provider for small-to-medium-sized businesses (SMBs) and platforms in Australia and New Zealand.  

This move said to be a step in Fat Zebra’s mission to offer payment solutions to businesses across these regions. 

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The financial terms of the deal remain undisclosed.  

Based in Australia and acquired by Checkout in 2020, Pin Payments provides an end-to-end solution that consolidates all aspects of online payments into one account.  

It supports integrations with Xero, WooCommerce, Shopify, BigCommerce and Magento. 

Pin Payments supports over 13,000 businesses throughout Australia and New Zealand, reported Capital Brief. 

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Co-founded by Grant Bissett and neobank Up’s co-founder Dominic Pym, Pin Payments has offices listed in Perth, Melbourne and London. 

It enables SMBs to accept payments from Visa, Mastercard, and American Express debit and credit cards without the need for a merchant account. 

Fat Zebra handles over 250 million transactions each year and serves more than 30,000 merchants and platforms. 

Its clients include prominent companies such as PayPal, Macquarie Bank, Zip, Aussie Broadband, and Sportsbet, reported Business News Australia. 

In a release, Fat Zebra stated: “This is about more than expanding our footprint, it’s about building upon and improving the payments sector in Australia and New Zealand.  

“Our combined strengths mean we can deliver even better solutions for our customers, drive accelerated growth, and ultimately, help businesses thrive in an increasingly digital economy.” 

Earlier in 2024, Fat Zebra expanded its capabilities by acquiring Adatree, specialising in customer data technology within the Consumer Data Right (CDR) framework.