Street Talk

Zip Co moves to end US FOMO with acquisition

Sarah Thompson, Anthony Macdonald and Tim Boyd

Jun 1, 2020 – 1.30am

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Forget about Afterpay for a minute – rival Zip Co is looking to increase its own investment in the buy now, pay later sector.

Street Talk understands Zip was nearing a deal to buy full control of QuadPay, which is a split payments service based in New York, less than one year after it upped its stake to 15 per cent.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column.