Ann: Q2 FY22 - Zip momentum continues, page-63

Zip hits revenue record in December quarter

Zip, the ASX-listed fintech, generated $167.4 million in revenue for the December quarter, the record for the group, spurred on by record levels of activity across the platform.

The company said on Thursday it hit a transaction volume record of $2.6 billion for the period, up 53 per cent on the same quarter a year prior, while transaction numbers for the period also reached a record 22.4 million. Customer numbers jumped 57 per cent from a year ago to 9.9 million and the number of merchants using the platform more than doubled to above 80,000.

“The business continues to execute on its strategy with growth driven by both customer and merchant acquisition, and the increasing levels of engagement as we pursue our mission of becoming the first payment choice everywhere and every day,” said Larry Diamond, chief executive of Zip.