Downsized Zip races after revenue jumps in June
Lucas BairdReporter
Updated
Key Points
- Zip has simplified to an Australian and US buy now pay later provider.
- There are no immediate prospects for M&A after ditching its Sezzle merger.
- Its arrears are performing better than consumer credit data suggests.
Under-pressure buy now, pay later group Zip recorded revenue and transaction growth in the double digits for the June quarter, sending its shares 9 per cent higher on Thursday.
Loading...
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles