Seems like the story here, share price increasing on hopes of US growth as ANZ business continues to slowly decline. Problem is losing US customers while not grow merchants. So while TTV in US is up, they losing customers to increase competition from likes of AFRM or paypal. This will likely bleed into the TTV this year as competitors secure deals with Apple etc leaving ZIP behind, why would customers use ZIP when they can use AFRM through Apple pay. Lower revenue = lower cash = more risk of CR. Cash on hand is like 1/3 of operating costs alone.
Don't know if this risk supports the 3.5b valuation imo.
ZIP Price at posting:
$2.67 Sentiment: None Disclosure: Not Held
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