Zip Co remains popular with savvy customers as it narrows loss by 60pc, page-49

They were only expanding into other countries back when inflation was low and interest rates were low. In that environment it makes complete sense to expand just like companies were doing for years before that. In other words, focus on growth first and worry about profit later, which is quite common in the tech space.

Once the economic environment changed, they had to pivot. They shut down or sold off their rest of world businesses and focused on profitability as their number 1 goal. And they have pivoted extremely well - revenue margins up, reducing losses significantly, on the verge of being cash flow positive etc.

They have certainly slowed down with the share printing/fund raising as they pivot to profitability.

And when they have gone to raise money from institutions they have had no problem getting funding.

And I highly doubt they will require any more raising of cash (unless it's directly to pay off their debt) in 2023.