Zeller Financial Services is rapidly gaining momentum as merchants demand more from their Business Bank

prison guardOne of Australia’s fastest growing technology companies is revolutionizing the Australian business banking sector – introducing new, non-bank alternatives to Australia’s legacy Bank of Australia offerings to better address the growing needs of business owners Still working.

Since launching the comprehensive new financial services solution earlier this year, Zeller has seen rapid adoption with over 25,000 transaction accounts created in six months. open a prison guard It is the fastest way for business owners to create a transaction account in Australia, the whole process is completed online in under five minutes, without any paperwork or the need to visit a bank branch.

According to a recent study conducted by prison guardWorryingly, 65% of Australian business owners expressed dissatisfaction with the support provided by the Big Four banks. This dissatisfaction stems from long wait times to access support, excessive and unnecessary physical paperwork for opening new accounts, and limited access to online business banking and mobile apps. It is clear that Australian businesses need far more innovative solutions than are being offered by Australia’s older commercial banks.

“The lack of competition in the Australian business banking sector has deterred business owners and they are now actively looking for a better alternative,” said Ben Fisterer, CEO and co-founder of Zeller. Zeller developed the idea Doing what a business bank should be like – it no longer has to be a generic, functionless account just to deposit money in. Zeller gives business owners access to advanced business accounts to store, manage and categorize their finances Provides; debit cards to track and manage team expenses and expense classifications that can be issued online with a single click; and advanced reporting tools to help them track business finances no matter where they are Zeller is building the future of business banking by providing merchants with the tools they need to manage all of their finances in one place.

In addition, Zeller is providing best-in-class digital experience as evidenced by the success of the Zeller app. With over 7,500 downloads in just six months, the Zeller app has established itself as the top rated dedicated ‘Business Banking’ app in the App Store with an impressive 4.8 star rating.

This achievement is in stark contrast to the app offerings of Australia’s Big Four banks; Half of which don’t offer a dedicated business banking app, and those that do offer an app receive an average rating of 2.4 stars (out of five) or less.

“We are excited to see Zeller’s new financial services products quickly gaining popularity outside of our existing customer base accepting face-to-face payments with the Zeller Terminal. A variety of verticals that never used Zeller for EFTPOS payments are now signing up for our accounts and card products – including mobile service providers, freelancers and startups,” said Fisterer.

Zeller’s end-to-end financial services solutions are increasingly being adopted by even large businesses. On average, businesses using all four of Zeller’s products (Transaction Accounts, Debit Cards, EFTPOS and Online Invoicing) are processing 60% more in payment revenue than those using only one product, indicating That all-in-one is being preferred. Financial solutions are just as important for large businesses as they are for new, micro businesses.