Fintech

Zip raises another $400 million as co-founders sell down $19 million worth of stock

- April 16, 2021 < 1 MIN READ

Zip Co. (ASX: Z1P) has raised another A$400 million via a seven-year unsecured convertible notes to fund its international expansion plans. The not-yet profitable BNPL’s latest raise follows a similar $1.5 billion raise by Afterpay (ASX: APT) via convertible notes due in 2026. Co-founder and COO Peter Gray said they were “very pleased with the… Read more »

Fintech

Zip raised an extra $26.7 million from its eager shareholders

- January 18, 2021 < 1 MIN READ

Buy-now-pay-later fintech Zip has nearly doubled the amount it raised in its Share Purchase Plan (SPP), issuing more than 10 million new shares worth $56,739,524. Zip (ASX:Z1P) set out to raise $30 million through the SPP, but also accepted an extra $26,739,524.95 in oversubscriptions from eligible shareholders, who could subscribe for up to $30,000 worth… Read more »

Fintech

BNPL Zip just cut Latitude’s lunch at Harvey Norman

- December 15, 2020 < 1 MIN READ

ASX-listed buy-now-pay-later fintech Zip Co. is moving into territory recently claimed by rival Latitude Pay, announcing it will offer it Zip BNPL product at Harvey Norman, Domayne and Joyce Mayne franchisee stores. Co-founder and COO Peter Gray said the partnership delivers on Zip’s strategic vision. “We are thrilled to partner with such iconic brands. We… Read more »

News & Analysis

Shares in BNPLs Zip and Afterpay surge on acquisition news ahead of their FY20 results

- August 25, 2020 2 MIN READ

ASX-listed buy-now-pay-later stocks continue to be catnip for investors with shares in Afterpay and Zip Co. both soaring to fresh highs on Monday following performance updates ahead of both companies releasing their FY2020 results on Thursday. Afterpay (ASX: APT) shares rose 4.79% on Monday to close a new record of $82.73 after announcing plans to… Read more »

News & Analysis

Zip Co. goes on a $60 million hunt for more cash

- November 29, 2019 2 MIN READ

  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 »