Zip Co Ltd
Zip Co Limited is an Australia-based digital financial services company.
The business
Zip Co Limited is an Australia-based digital financial services company. The Company, operating in two core markets: Australia and New Zealand (ANZ) and the United States, offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants. In ANZ market, it offers retail line of credit products and personal loans to consumers in Australia and retail installment products to consumers in New Zealand. In the United States market, the Company offers Buy Now Pay Later (BNPL) instalment products to customers. In the United States market, its products include Zip Pay in 4 (shop online and instore and pay in four payments over six weeks) and Zip Pay in 8 (shop online and instore and pay in eight payments over 14 weeks). The Company offers various products in Australia including Zip Pay, Zip Plus, Zip Money, and Zip Personal Loan. In New Zealand market, it offers Zip Pay in 4 products.
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Latest news
Market Wrap: Tech sell off and rising oil prices send market lower
ASX slips 0.2% as tech sell-off and oil above US$112 weigh; Zip plunges 26.8% on rising losses and a US fraud hit.
Zip Co Reaffirms Full-Year Earnings Target on Surging US Transactions
Zip Co reaffirmed its $340m FY27 earnings target as Q1 transactions surged 18% to $4.6b, despite a $10.1m US fraud hit.
Weekly wrap: Aussie shares sink 0.6% as US Bonds defy Bessent intervention
ASX slips 0.6% for the week as US yields rise despite Bessent's bid to push rates lower; property and tech slide, Zip plunges 15% amid inflation jitters.
Softer resources drag down ASX 200 for the week
ASX 200 slips 0.5% as resources weaken, led by BHP and gold miners; Rio Tinto drops, NST sinks, oil rally fuels inflation fears.
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