Standard read through of the report. It was recorded and will be available to watch back.
Target TTV growth above market for BNPL and short term lending for FY25 in US (from memory looking at 35% growth but didn’t put a specific target). Large focus on US business in the Q&A.
Was asked about Q1 but wouldn’t give a direct answer on business growth and activity expect for tracking well and continue at current momentum.
Strong margins in AU lead by line of credit and ZipPlus model. US likely to stay within 7% range given pay in 4 and pay in 8 models.
The talk of regulations in some US states, Zip should already meet the compliance point but on hold whilst state specific points. Confident product will be back online.
Im sure some here will jump on the mention of ‘home loan’ in some of the investor slides. No plans for Zip to offer a mortgage product. Lead generation given a portion of customer base are mortgage holders and undertake refinance activity.
Ann: Appendix 4E and FY24 Financial Report, page-53
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