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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.

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“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…

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