Five V invests in Fat Zebra

Five V Capital are excited to announce our eighth Fund IV investment in Fat Zebra, a fast-growing provider of digital payment solutions to merchants, software providers and other payments platforms in the internet economy.

Founded in 2012 with a mission to build a reliable and flexible payments technology stack, Fat Zebra has grown to become a critical player in how its merchant customers drive top line growth and customer experiences, while also streamlining operations.

Five V looks forward to partnering alongside Fat Zebra's co-founder and CEO, Pred Dragila, and the Fat Zebra management team to support the business during its exciting next phase of growth and bringing to market new payments innovations. On that note, we are excited to further announce the acquisition of Adatree into the Fat Zebra business, enhancing our payment services through open data solutions.

Five V's Chris Adam said: "We are excited to partner with Pred and the whole Fat Zebra team. They have built a differentiated payments processing platform distinguished by performance, reliability, and flexibility, which has been validated by being selected as the payments partner to numerous Tier 1enterprise clients. The business is well positioned to capitalise on the continued growth and evolution of the digital payments industry."

Fat Zebra's co-founder and CEO Pred Dragila stated: "We are looking forward to our partnership with Five V Capital. With their expertise and resources, Fat Zebra is poised to embark on anew chapter of product and platform expansion, solidifying our leadership in Australia's payments landscape.”

Thank you to our advisors: KPMG, PwC, Hamilton Locke, Altman Solon

Five V Deal Team: Chris Adams, Aman Sharma, Sara Soldo, Andrew Kilner

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