Ann: Acquisition of QuadPay and Capital Raise, page-89

Below are the few highlights from the latest AFR article that looks really positive.
Zip shares surge on QuadPay deal to chase Afterpay into the US

• Unlike Afterpay, QuadPay facilitates instalments anywhere where Visa cards are accepted, both online and offline.
• Shaw and Partners analyst Jonathon Higgins said the deal would be well received by the market and QuadPay is adding around 100,000 new customers each month, around 35 per cent of Afterpay's rate of customer acquisition."This gives Zip another leg of growth and puts the company into the global payments space," Mr Higgins said. "Afterpay has enjoyed a significant re-rating and growth uplift from USA and overseas expansion, and this is the playbook for investors with QuadPay and the US now coming into the envelope."
• Zip also has operations in the UK, South Africa and New Zealand. It said QuadPay uses the same technology platform as Zip, which will minimise integration costs and help acquire new merchants.
• On regulation, Zip said QuadPay is licensed by the California Department of Business Oversight, which recently required Afterpay to operate under a licence there. Zip said QuadPay conducts credit file checks on customers to assess risk.