The Zip Co share price
Earlier this month, Zip Co announced the acquisition of QuadPay. The acquisition enables the company to compete directly with buy now, pay later (BNPL) giant Afterpay Ltd (ASX: APT) for the lucrative $5 trillion US retail market. QuadPay is a simple, BNPL product that allows customers to pay for their purchases via 4 interest-free instalments over 6 weeks. The merchant gets paid up front with risk and fraud liability absorbed. QuadPay already has more than 1.5 million customers in the US and 3,500 merchants on board. It delivered an annualised revenue of $70 million for the quarter ending March 2020. This is a transformational acquisition that lifts the status of the Zip Co business to that of a truly global BNPL leader. The company now has operations across Australia, New Zealand, South Africa, the UK and the US.
https://www.********.au/2020/06/15/keep-a-watch-on-the-zip-co-share-price-and-1-other-asx-tech-this-june/
Strong buy in my view
Possible target price of $15-20, page-2048
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Last
$1.86 |
Change
0.083(4.65%) |
Mkt cap ! $2.373B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.91 | $1.80 | $32.69M | 17.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 66262 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 52453 | 25 |
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| Last trade - 14.09pm 29/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |