The relentless march of buy-now-pay-later (BNPL) startups such as Afterpay and Zip into the retail landscape has been confirmed in new research by Roy Morgan that found nearly 60% of Australians, 12.3 million people, are aware of the payment services. The figures in the latest Roy Morgan Digital Payments Report are up 22.1% points in just… Read more »
Hello and welcome to Thursday What a time to be alive! 1. Fintech explosion A big hello to anyone who bought BNPL Openpay and Zip Co on Monday! Now pubs are reopening, you’re buying the next round. Zip shares just nearly 40% on Tuesday on news that that it was buying US BNPL QuadPay… Read more »
Shares in Zip Co. jumped more than 40% following news that it will acquire the major US buy-now-pay-later venture QuadPay in an all-scrip deal to drive international growth, as well as raising $200 million. QuadPay shareholders will receive up to a 23.3% stake in the Australian fintech (ASX: Z1P) – a maximum of up to… Read more »
Buy-now-pay-later service Zip Co. (ASX: Z1P) is looking to raise $60 million from a share issue to fund its UK expansion and move into small business lending. The fintech announced the capital raise to the market this morning. $50 million will come from a non-underwritten placement to professional and sophisticated investors, with $10 million… Read more »
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