As the BNPL fad continues deepening into irrelevance, market leader Zip Co (ASX: ZIP) insists profitability is on its horizon. You just have to overlook any timelines for such to be achieved, and their $1 billion loss for FY22 which includes $276m in customer delinquency write offs. Consumers have been happy to utilise Zip’s BNPL
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Cashing in on the busy retail season, buy-now-pay-later company Zip Co (ASX: Z1P) set a new quarterly record as Australians use the popular app over the past few months leaving repayments as a matter for future-self. With interest picking up around their platform, they have signed on 10 million new customers and a total of
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Zip Co’s (ASX: Z1P) global expansion plans are being realised with the Company today announcing the next steps for their push into overseas markets through the outright acquisitions of European BNPL provider Twisto Payments, and UAE-based BNPL leader Spotii Holdings. The move aligns with Zip’s strategic acquisitions plan. Both companies have been integrated into Zip’s
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Debt management company Credit Intelligence (ASX: CI1) has become the latest financial service provider to enter the BNPL sector with the launch of YOZO Pay which has commenced lending to business owners, offering flexibility and transparency. The launch of YOZO Pay is an extension of Credit Intelligence’s primary services where the profitable company’s operations have
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As with the coronavirus, the buy now pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, Fear of Missing Out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in
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Amid the US-led tech sell off the ASX-listed buy now pay later (BNPL) sector has had a decent touch-up, with valuations as much as 40 per cent down on their recent peak levels. Is it enough to quell what many investment experts view as a clear case of irrational exuberance? The near-term price graphs tell
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