BNPL fintech Zip is turning its attention to small business lending, launching Zip Business just 48 hours after rival Afterpay announced its European expansion plans. Zip shares have skyrocketed again, rising nearly 19% to $8.99 in the first 90 minutes of trade today, having started the week at $6.56. With its annual FY2020 results announced… Read more »
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 »
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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