Fat Zebra acquires Pin Payments
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The news: Australian payments technology company Fat Zebra has acquired Pin Payments for an undisclosed sum, marking its second acquisition in 12 months.
The numbers: Fat Zebra processes more than 250 million transactions annually and services over 30,000 merchants and platforms. Pin Payments supports more than 13,000 businesses across Australia and New Zealand.
This deal follows Fat Zebra's acquisition of customer data technology company Adatree in February 2024.
The context: Pin Payments, previously acquired by Checkout in 2020, provides payment solutions for small-to-medium businesses and platforms, supporting integrations with Xero, WooCommerce, Shopify, BigCommerce and Magento.
Fat Zebra's client base includes major enterprises such as PayPal, Macquarie Bank, Zip, Aussie Broadband and Sportsbet.
The deal expands Fat Zebra's reach in the platforms and small-to-medium business markets across Australia and New Zealand. Pin Payments chief executive officer Chris Dahl will join Fat Zebra's leadership team as part of the acquisition.
The acquisition aims to create a comprehensive offering for businesses of all sizes.
What they said: "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," Fat Zebra founder and CEO Pred Dragila said.
Checkout.com founder and CEO Guillaume Pousaz said: "I am confident that by coming together with the Fat Zebra team, they'll collectively deliver great value to the SMB community in Australia".
The source: Fat Zebra press release
