Business
Afterpay rival Zip Co surges on rapid revenue and transactions growth – Sydney Morning Herald
Buy now, pay later operator Zip Co notched up rapid growth in transactions, customers and revenue in the latest quarter.
“We are extremely pleased to deliver another exceptional set of numbers with the quarter really delivering a significant step change for the company, confirming our position as one of the fastest-growing players in the sector,” chief executive Larry Diamond said.
The results come amid a boom in the buy now, pay later (BNPL) sector, where Zip is a key domestic rival to market darling Afterpay. BNPL operators are rushing to gain scale by expanding outside the relatively limited market of Australia,…
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