Business
Zip soars on back of big US buy – The Australian Financial Review
Zip has grown to 4.5 million customers; 2.3 million in Australia and 2.2 million in its new US operation.
Zip’s record quarterly transaction volume of $943.1 million delivered revenue of $71.7 million for the first quarter, up 96 per cent on the pcp. Of this, $23.4 million was from Quadpay, the New York-based firm Zip paid $400 million for in June. Merchants accepting Zip increased by 69 per cent over the past year to 34,000.
Chief executive Larry Diamond said the current quarter “has begun solidly in all markets, which is seasonally the strongest as we run up to Prime Day, Black Friday, Cyber Mond…
-
Noosa News19 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General19 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate
-
General21 hours agoPerth man charged after investigation into organised crime and tobacco store attacks
-
General10 hours agoSmall-town cleaner finds himself in legal battle with EnduroShield over product packaging