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
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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.

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