Zip snaps up two overseas buy now, pay later companies Share Zip Co will invest more than $160 million to take full ownership of two buy now, pay later companies in which it has previously owned minority stakes as it seeks to expand its global presence in the sector. The $3.9 billion Sydney-based consumer finance fintech said it would pay about €89 million ($140 million) for the remaining shares in European operator Twisto Payments and about $US16 million ($21 million) to buy out Spotii, which operates in the Middle East. Zip co-founders Peter Gray and Larry Diamond. Louie Douvis Those transactions were valued at $180 million on an enterprise value basis, Zip said, and were intended to establish a presence in the large European market and fast-growing Middle Eastern market.