Larry Diamond
| Larry Diamond | |
|---|---|
| Born | Australia |
| 🏫 Education | Moriah College; University of Technology Sydney (BInfTech), University of New South Wales (MCom)[1][2] |
| 💼 Occupation | Entrepreneur, fintech executive |
| 📆 Years active | 2013–present |
| Known for | Co-founder of Zip Co |
Larry Diamond is an Australian entrepreneur and fintech executive, best known for co-founding Zip Co, a leading "buy now, pay later" (BNPL) company. He has been instrumental in scaling Zip from its early days in Sydney to an international fintech business operating across multiple markets, including the United States.
Early life and education
Diamond attended Moriah College in Sydney.[1] He later earned a Bachelor of Information Technology from the University of Technology Sydney and a Master of Commerce (Finance) from the University of New South Wales.[2]
Before founding Zip Co, he worked in finance, technology, and retail, including positions at Deutsche Bank and Macquarie Capital, gaining experience that informed his approach to consumer credit and fintech innovation.
Career
Zip Co
In 2013, Diamond co-founded Zip Co with Peter Gray, aiming to provide a transparent and flexible alternative to traditional credit. Under his leadership, Zip Co launched its BNPL services, scaled rapidly in Australia, and expanded internationally, including listing on the Australian Securities Exchange (ASX).[1]
Leadership transition
In 2023, Diamond stepped down as Global CEO and became US CEO, relocating to focus on Zip's expansion in North America.[3] During this period, he guided strategic initiatives to consolidate core markets, streamline operations, and focus on sustainable growth.[4]
Departure and philanthropy
On 3 December 2024, Diamond resigned from the Zip Co board to establish a family office and philanthropic foundation, while remaining a strategic advisor and shareholder.[5]
Challenges and strategy
During his leadership, Diamond navigated regulatory pressures, macroeconomic challenges, and the transition from growth-at-all-costs to profitability. He oversaw strategic decisions to divest from non-core operations and focus on Zip Co's most profitable geographies.[6]
Legacy and recognition
Diamond is regarded as a pioneer of the BNPL movement in Australia helping popularise consumer-friendly credit solutions. In 2021, he was honoured in the University of Technology Sydney Alumni Awards for his contributions to technology and entrepreneurship.[7]
Personal life
Diamond spent several years in the United States running Zip Co's operations there and is now focused on philanthropic activities through his family office.[5]
References
- ↑ 1.0 1.1 1.2 "ZIP pursues creative US expansion". Australian Financial Review. Retrieved 2025-11-21.
- ↑ 2.0 2.1 "Larry Diamond – Co‑founder at Zip Co". Retrieved 2025-11-21.
- ↑ "Zip Co's Larry Diamond steps aside as CEO". Forbes Australia. Retrieved 2025-11-21.
- ↑ "Zip changes its leadership structure". Australian FinTech. Retrieved 2025-11-21.
- ↑ 5.0 5.1 "3 December 2024 – Zip Co Limited Announcement" (PDF). Retrieved 2025-11-21.
- ↑ "Zip to wind down non-core businesses". Business News Australia. Retrieved 2025-11-21.
- ↑ "2021 UTS Alumni Awards: Larry Diamond". UTS. Retrieved 2025-11-21.
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