2/3 of the story were about how Larry and Peter met and found...

2/3 of the story were about how Larry and Peter met and found Zip. But the last few paragraphs are more interesting to read.

AFR:

Zip’s market cap is just 10 per cent the size of Afterpay – but Zip’s fans see plenty of upside with a business model that gives it more options, including lending for bigger-ticket items. Unlike Afterpay, Zip requires customers to undergo a credit assessment, putting Zip on surer ground when it comes to the risk of regulators slamming on the brakes.

A key plank to the expansion strategy allows users who shop online through its app to use Zip to pay at any retailer that accepts a Visa card, a feature Afterpay doesn’t offer.

Jessica Farr-Jones, a portfolio manager at Regal Funds Management which bought into Zip in 2016, says the QuadPay deal brings together two great management teams.

“We believe that not only is the buy now, pay later sector likely to continue to outperform, but that the significant discount at which Zip currently trades versus Afterpay should narrow over time.”

“We are particularly excited about their runway in the US market after landing partnerships with players like Fiserv/First Data,” she says.