After launching in 2013<\/a>, the startup now has over 200,000 users.<\/p>\n\u201cIt\u2019s a fantastic app,\u201d Diamond says.<\/p>\n
\u201cThey\u2019ve built a strong financial management system for people and it\u2019s a great platform for us to build out our financial management and engagement strategy with customers.\u201d<\/p>\n
Persistence and belief<\/h3>\n
Diamond says zipMoney has enjoyed year-on-year growth of 100% and recently saw month-on-month growth of 159% in April.<\/p>\n
\u201cBack then we were doing $1 million in transaction volume, now we\u2019re doing $10 million,\u201d he says.<\/p>\n
\u201cWe\u2019ve been head down, bum up and working harder than ever.<\/p>\n
\u201cWe still work till 1am every night. We\u2019ve been working harder than ever.\u201d<\/p>\n
It\u2019s a big moment for the founder, who says he was struggling to raise a much smaller amount of funding less than two years ago.<\/p>\n
\u201cTwelve months ago we were running around trying to find $50,000,\u201d Diamond says.<\/p>\n
\u201cPeople didn\u2019t believe in us but we kept hustling. If we were to say we would raise $20 million only a year and a half later those people would\u2019ve scoffed at us.\u201d<\/p>\n
Along with proprietary technology and a whole lot of hard work, Diamond says zipMoney’s success so far has been down to persistence and self-belief.<\/p>\n
\u201cBelieving in yourself and the vision regardless of what anyone else is saying is paramount and so is building a great team,\u201d he says.<\/p>\n
\u201cNever get overwhelmed by the tasks ahead \u2013 break it down into bite-sized tasks.<\/p>\n
\u201cIf we thought about where we were trying to get it would\u2019ve been scary. If you have an unwavering belief in the vision and you put your head down then you will get there.\u201d<\/p>\n
Follow StartupSmart on<\/em> Facebook,<\/em> Twitter,<\/em>LinkedIn <\/em>and <\/em>SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Sydney-based fintech startup zipMoney has secured $20.6 million in funding through an institutional placement that will see the company \u201caggressively<\/p>\n","protected":false},"author":1,"featured_media":59123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,9,21,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44698"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=44698"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59123"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}