Ollie the ZIP business model is sound. Large volume with low profit margin. They will always make money but not in great quantities.
Have you ever used ZIP and the app for purchases? They don't charge any interest on a certain amount of lending if paid back in a specific time frame. They make their money on merchant charges for these zero interest loans. Then if you take too long to repay then you start paying interest on your outstanding balance, or if you need to take a larger loan. This model will make them a very attractive choice for people who need small amounts in a hurry (Up to $2000).
ZIP Price at posting:
$2.37 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)