FinTechFunding

Zip Co: Completes QuadPay acquisition

  • Zip Co (Z1P) has completed the purchase of QuadPay, a leading high growth buy now, pay later (BNPL) player in the United States
  • Quadpay allows customers to pay in four interest-free instalments over six weeks, online and instore
  • In June, the company announced it was going to purchase QuadPay for $403 million
  • CEO and co-founder, Larry Diamond, is pleased to welcome QuadPay to the Zip family
  • Additionally, the company completed the issue of $2 million convertible notes and warrants to CVI Investments
  • Zip is down 6.55 per cent on the market today and is trading for $8.56 per share
Previous article
Tide: Appoints Sir Donald Brydon as non-executive chairman
Next article
Cardinal Resources: Receives new takeover bid from NordGold
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

KreditBee Joins Unicorn Club After $280 Million Funding Round

Fintech firm KreditBee reaches unicorn status with significant investor backing. Highlights: KreditBee raises $280 million in Series D funding.Company...
FinTech

Swiss Banks to Test CHF Stablecoin

Innovative pilot program aims to enhance digital currency use. Highlights: Swiss banks are launching a pilot program for a...
FinTech

MillTech Raises $60 Million to Expand into US Market

Funding will support growth and market entry strategies for MillTech. Highlights: MillTech raised $60 million in fresh funding.The company...
FinTech

Australian Watchdog Warns of Rising AI Scam Threats

New report highlights increasing risks in the digital landscape. Highlights: Australian watchdog issues warning about AI-related scams.Rise in scams...