Zip Co Ltd (ASX:ZIP) Share Price

Company Profile

Business description
Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip’s largest and fastest-growing segment.
Contact
126 Phillip Street
Level 5
SydneyNSW2000
AUS
T: +61 300288664
https://www.zip.co
Sector
Financial Services
Stock type
Cyclical
Industry
Credit Services
Fiscal Year End
30 June 2027
Employees
1,498

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