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Zip buys into buy now, pay later in Europe, Middle East

James Eyers
James EyersSenior Reporter
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Buy now, pay later lender Zip is putting the foot down on its global expansion and chief executive Larry Diamond says the board is acutely aware of execution risk as it ponders entering new markets in Europe and the Middle East.

Zip said on Thursday it had raised $120 million via an institutional placement and was seeking a further $30 million via a share purchase plan.

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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
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    Original URL: https://www.afr.com/companies/financial-services/zip-buys-into-buy-now-pay-later-players-in-europe-middle-east-20201217-p56o6x