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Zip Co: Completes QuadPay acquisition

September 2, 2020

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