Last year from revenue of $868 mil, wages and salaries were $161 mil - 18.5%, only exceeded by interest of $227 mil and credit losses of $164 mil. That's no skeleton crew. If ZIP is lending at no interest but borrowing at higher rates, I don't see how that is a good thing when there is a cap on the fees it can charge instead of interest.
ZIP is being squeezed by a lack of capital, which feeds into its capacity to grow and develop. Block, Affirm and Klarna have the march on merchant acquisition across other countries, they attract a better standard of customer which shows up in their customer numbers and can offer bank accounts and deposits, resulting in lower funding costs.
ZIP Price at posting:
$2.38 Sentiment: Sell Disclosure: Not Held
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