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Zip Co’s turnaround story lands the BNPL on takeover watchlists

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Everyone loves a comeback story and Zip Co’s turnaround is no different.

It feels like only yesterday the BNPL sector was staring down a near-death experience as questions swirled about whether companies spurred by an ultra-low interest rate environment could survive. But the $1.3 billion Zip weathered the storm and has even, arguably, turned the corner.

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/zip-co-s-turnaround-story-lands-the-bnpl-on-takeover-watchlists-20240425-p5fmgc