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Zip Co moves to end US FOMO with acquisition

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.

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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. Email Sarah at sarah.thompson@afr.com
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. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com

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Original URL: https://www.afr.com/street-talk/zip-co-moves-to-end-us-fomo-with-acquisition-20200531-p54y2s