Zip Co Ltd

Company Profile

• Business description

  Zip is a diversified finance provider, offering consumer financing via a line of credit (via Zip Pay and Zip Money) and instalment-based finance (via QuadPay, Spotii, Twisto, and PayFlex); as well as lending to small to midsize enterprises (via Zip Business). Zip’s fortunes are largely tied to the buy now, pay later, or BNPL, industry. Most of its products—Zip Pay, QuadPay (Zip U.S.), and PayFlex—do not charge interest based on outstanding balances. Around 60%-70% of Zip Pay’s/Zip Money’s revenue is derived from customers, mainly via account fees and interest. Meanwhile, its instalment businesses primarily generate revenue by receiving a margin from merchants, which compensates it for accepting all nonpayment risk and for encouraging consumers to transact more frequently.

• Contact

  126 Phillip Street
  Level 5
  Sydney NSW 2000
  AUS

  T: +61 282942345

  https://www.zipmoneylimited.com.au

• Sector

  Financial Services

  Stock type

  Cyclical

• Industry

  Credit Services

  Fiscal Year End

  30 June 2024

  Employees

  1,498