Business
Zip surges on QuadPay trading update – The Australian Financial Review
Australia’s second-largest buy now, pay later player told investors its US acquisition target enjoyed searing growth in July, on the same day rival Afterpay announced European expansion plans.
Return on capital employed
Zip also revealed today that QuadPay has secured a revolving $US200 million ($279 million) credit facility from Goldman Sachs and Oaktree Capital.
It said this facility alone means QuadPay can originate $US2.5 billion of annual loans, as it always requires consumers to pay it back in four instalments over a six-week period.
This short-duration business model also used by Afterpay and US-based Sezzle is widely regarded as the best in the buy now, pay later space as i…
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