Business
Zip (ASX:Z1P) share price climbs higher following AGM update
The Zip Co Ltd (ASX: Z1P) share price is on the move on Monday following the release of its annual general meeting presentation.
At the time of writing, the buy now pay later provider’s shares are up 2.5% to $6.22.
What happened at the annual general meeting?
As well as providing investors with a summary of its performance in FY 2020, Zip updated the market on current trading and its expansion progress.
In case you missed it, in FY 2020 Zip delivered a 145% increase in transaction value to $3.2 billion and a 175% jump in revenue to $253 million. This was underpinned by a 120% lift in customer numbers to 4 million and a 70% increase in retail partners to 29,000.
Zip’s Chairman, Philip Crutchfield, commented: “Financial Year…
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