Marketplaces and platforms want to own their money movement without becoming a bank. Zai is the infrastructure that makes that possible – regulated rails, embedded in the buyer's product.
The team had already built one of Australia's leading marketplace payments rails before raising the Series A. We led because the moat was infrastructure, not marketing.
Rampersand backed Assembly Payments' Series A with Reinventure and Carsales.
Assembly partnered with Westpac to integrate merchant terminals with POS software for SMBs.
Assembly merged with CurrencyFair and rebranded as Zai, backed by SC Ventures.
Paul led our Seed investment in Assembly and continued through the Zai merger and APAC expansion.