The Bear Room, page-2744

Just think where Zip shareholder value would have been with out LD and Pipeline Pete.

n August 2019, Zip Co acquired 100% of the shares in PartPay Limited, a Buy Now, Pay Later company from New Zealand with early operations in the UK.^[12] The acquisition accelerated Zip’s global expansion.

In September 2019, Zip Co acquired SpotCap ANZ to enter the unsecured business lending market.^[13]

In December 2019, Zip Co announced that it has received firm commitments to raise $60 million before costs via a placement of 16,216,216 ordinary shares to fund its global expansion.^[14]

In June 2020, Zip Co bought the remaining shares in New York-based "buy now, pay later" company Quadpay Inc for $430 million as part of its efforts to expand globally.^[15] 14% interest in Quadpay was already owned by Zip which it bought as part of its deal with New Zealand-based PartPay for $84 million in August 2019.^[15][16]

As of March 2021, Zip operates in the United States, the United Kingdom, Australia and New Zealand. They are also minority shareholders in Payflex in South Africa and Twisto in the Czech Republic.^[17]

In October 2021, Zip Co acquired Middle Eastern buy now pay later platform Spotii.^[18]

In November 2021, Zip Co acquired European buy now pay later platform Twisto.^[19]

In April 2022, Zip changed their ASX ticker code from 'Z1P' to 'ZIP'^[20]

In July 2022, Zip Co ceased operations in Singapore.^[21]

In October 2022, Zip Co began a wind down from the United Kingdom and ceased operations.

Discontinued products

[edit]

As Zip has evolved as a business it has periodically retired products from its offering.

Pocketbook

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Zip was the owner and developer of freeware app Pocketbook, which was one of Australia’s largest non-bank financial apps.^[26] Pocketbook was a freeware budget planner and personal finance app launched in 2012 and acquired by Zip in 2016.^[27][28] Users could set up and manage budgets, track spending and manage bills with the app.^[29] Pocketbook was the first personal finance app in Australia to offer users the ability to manage their money through linking their bank accounts.^[30] In 2016, Pocketbook claimed to support over 250,000 Australians.^[31] In January 2018, that number was 435,000.^[32] Zip announced the closure of Pocketbook in July 2022 and the app closed the following month.^[33]

Zip Business Trade and Trade Plus

[edit]

Zip Business Trade and Zip Business Trade Plus were accounts specifically aimed at small and medium businesses. They offered similar features to Zip Pay and Zip Money, with interest free periods and higher credit limits. As of 5 July 2022 these products were no longer offered to new customers, and as of 31 August 2022, existing accounts could no transact with these accounts.^[34] Customers were advised to switch to Zip Pay and Zip Money accounts instead.

Somebody needs to update Wikipedia about the $75 million they destroyed on the shonky Indian Operation