Zip buys into buy now, pay later in Europe, Middle East
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Buy now, pay later lender Zip is putting the foot down on its global expansion and chief executive Larry Diamond says the board is acutely aware of execution risk as it ponders entering new markets in Europe and the Middle East.
Zip said on Thursday it had raised $120 million via an institutional placement and was seeking a further $30 million via a share purchase plan.
Peter Gray and Larry Diamond, founders of Zip.
James Brickwood
While the majority of the new funds will be deployed to the United States to support the rapid growth of Quadpay, which it purchased in September, $35 million of the additional growth capital will go to broadening its global footprint.
Australian Buy now, pay later provider Openpay commences US market launch
Dec 16 2020
MELBOURNE, Australia, Dec. 16, 2020 /PRNewswire/ Australian Buy now, pay later (BNPL) provider Openpay Group Ltd (ASX: OPY) today commenced the launch of its operations in the US market.
Openpay is an ASX-listed, fast-growing, and highly differentiated player in global BNPL payment solutions. It delivers the most flexible plans in the market, focuses on industries where it can make a real difference: Automotive, Healthcare, Home Improvement, Memberships, and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.
The Company also has a unique B2B offering,
Openpay (ASX: OPY) share price rockets up 8% after major announcement
Ken Hall | December 16, 2020 10:24am |
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Openpay Group Ltd (ASX: OPY) share price is surging up today after a major expansion announcement from the Aussie buy now, pay later (BNPL) group. At the time of writing, the Openpay share price is trading up 8.33% at $2.34.
Why is the Openpay share price rocketing up?
November TTV totalled $35.7 million, up from the previous Openpay record of $25.8 million. Strong Black Friday and Cyber Monday sales provided a strong boost with Black Friday 2020 representing the best day of trading in Openpay’s history.
The Openpay share price has rocketed higher in the 12 months since listing with a market capitalisation of $150 million. Shares in the BNPL group are up 74.2% so far in 2020 with Openpay now boasting a $233.3 million valuation.