Considering that prior to last month, ZipMoney had originated...

Considering that prior to last month, ZipMoney had originated around $4m of facilities since inception, to originate $1m in new facilities in just one month is impressive.

I've dipped my toe in the water on RRE/ZipMoney, purely as a spec play.  Whilst it's not a product I'd use myself, there is clearly a demand for such a product.  They've just taken one of FlexiGroup's senior managers to head up their sales team, and whilst supplying "interest free" facilities to small online retailers has been their bread and butter, it sounds as though ZipMoney are keen to enter the B&M retailer market ... and some B&M retailers may be less than enthused about the incumbent providers of such facilities. In my uneducated opinion, even if just one reasonably well-known B&M retailer were to change from say a Flexi or a GE and start offering terms through ZipMoney, the upside potential could be huge.

http://www.smh.com.au/business/bank...ough-5m-backdoor-listing-20150630-ghzv0g.html