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Zip Co Limited (ASX: Z1P) (Zip or the Company) is pleased to announce its quarterly update for
the period ending 30 September 2019 (Q1 FY20).
HIGHLIGHTS • Record quarterly revenue of $31.0m, up 15% on Q4 FY19. • Receivables increased to $783.6m, up 15% on Q4 FY19. • Record quarterly transaction volume of $402.1m, up 111% year on year. • Customer numbers increased to over 1.4 million, with 147k added in the quarter. • Entered agreement to acquire global instalment technology platform, PartPay
Limited, providing exposure to four key geographies – New Zealand, United Kingdom,
United States and South Africa. • Increased investment in US BNPL provider, QuadPay to 15%. • Acquired SME lender Spotcap Australia and New Zealand, fast tracking the launch of
the Zip Biz BNPL product. • Zip Master Trust launched in September, significantly oversubscribed, closing at
$500m. First pure play BNPL issuance globally and the largest of its nature by an
Australian Fintech. • Zip app ranked in the top 10 across both the Apple (#9) and Google Stores (#4). • Delivered market-leading credit performance with 1.68% net bad debts. • Remained cashflow breakeven whilst investing significantly in growth initiatives.
Cash EBTDA 1.0% of average quarterly receivables. • Big W, Carsales.com, Bailey Nelson, Sass & Bide, T2 Tea and a number of other
household names joined the platform. • Personal finance manager app, Pocketbook finished the quarter with a total user
base of c.730,000. • Key appointments to the executive team – Chief Customer Officer, Steve Brennen
and Chief Product Officer, Patrick Collins. • Zip Co officially joined the S&P/ASX 300 in the September index rebalance.
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Ann: Quarterly Report, page-2
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$1.36 |
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Mkt cap ! $1.532B |
Open | High | Low | Value | Volume |
$1.38 | $1.39 | $1.34 | $24.60M | 18.09M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 45993 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.37 | 386131 | 13 |
View Market Depth
No. | Vol. | Price($) |
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3 | 45993 | 1.345 |
14 | 86422 | 1.340 |
7 | 464552 | 1.335 |
9 | 194327 | 1.330 |
3 | 141269 | 1.325 |
Price($) | Vol. | No. |
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1.365 | 386131 | 13 |
1.370 | 203823 | 6 |
1.375 | 190628 | 5 |
1.380 | 256847 | 6 |
1.385 | 164359 | 3 |
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