Peter Gray is a co-founder of Zip Co, which began as zipMoney. He co-founded it with Larry Diamond and worked as the credit specialist and a director.
zipMoney was incorporated in June 2013. Its first customer was Chappelli Cycles in December 2013. The original loan book was backed by friends and family.
The company listed on the ASX in September 2015. In 2017 it was renamed Zip Co and secured a A$260 million debt facility, including A$200 million from NAB, and A$40 million in equity from Westpac.
Zip bought Quadpay in the United States outright for A$430 million in 2020. In 2022 it exited Singapore and the United Kingdom.