Zip founders Larry Diamond and Peter Gray. Zip is spending $160 million to acquire two overseas buy now, pay later partners, Twisto and Spotii, outright. Twisto, making up the lion’s share of the investment, operates in the more mature European market while Spotii, based out of the United Arab Emirates (UAE) is being pitched as a growth opportunity in a market yet to experience the overcrowding of BNPL players. It comes as both Zip and its main rival Afterpay try to maintain significant growth rates amid declining share prices. Australia’s second-largest buy now, pay later platform is upping the ante in its bid for international expansion, as it moves into the Europe and Middle East markets.