Buy now, pay later company Zip Co is getting out of overseas markets and scrapping products as it desperately tries to get itself into the black before it runs out of cash.
Zip’s global chief operating officer and co-founder Peter Gray said the growth model was on hold, not abandoned, as the company fights to survive in a new economic reality and convince investors it can be profitable.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
