Business
Zip snaps up two overseas buy now, pay later companies – The Australian Financial Review
The fintech will pay $140 million for the remaining shares in European operator Twisto Payments and $21 million to buy out Spotti, which operates in the Middle…
The market initially cheered the deals as Zips share price rose as much as 4 per cent, but the gains were pared as the company ended the session 0.85 per cent higher at $7.10.
So far this year, Zip has outperformed rival buy now, pay later operators Afterpay and Sezzle. Zip has gained 36 per cent in 2021. That compares to a 21 per cent fall in Afterpay, which has a far larger market capitalisation of $27 billion, and a 26 per cent gain for smaller rival Sezzle.
All three companies have stated their…
-
Noosa News21 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged
-
General19 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
General14 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General7 hours agoThe one tweak that could grow your super by $200,000