Business
Zip Co focused on US growth – The Australian Financial Review
The buy now, pay later player’s ascendancy will face a test when it reveals its bottom line result in August.
“We’ve seen our arrears decrease over the period, which is an outstanding result in the current climate. Certainly not behaviour demonstrated with credit card receivables, or mortgages.
“Arrears is a current reflection of our risk appetite in a more recent environment, so the last three months is a reasonable window on that.”
Over the first half of financial 2020, Zip posted a net loss of $30.3 million on sales of $69.6 million, but investor enthusiasm for the buy now, pay later sector, underp…
Continue Reading