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Australia-based Zip Acquires Dubai's Spotii for $16.3 Million

Australia-based Zip Acquires Dubai's Spotii for $16.3 Million
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Zip snaps up two overseas buy now, pay later companies


Zip snaps up two overseas buy now, pay later companies
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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. ....

United States , Single Merchant Interface , ஒன்றுபட்டது மாநிலங்களில் ,

Quadpay, A Zip Co.: Zip Expands into Europe and the Middle East, with the Acquisitions of European BNPL Provider Twisto and UAE-based Spotii


Quadpay, A Zip Co.: Zip Expands into Europe and the Middle East, with the Acquisitions of European BNPL Provider Twisto and UAE-based Spotii
Zip Co Limited (ASX: Z1P) (
Zip or the
has agreed to acquire the remaining shares of European Buy Now Pay Later (
BNPL ) provider Twisto Payments a.s. (
Twisto ) and has also entered into an agreement to acquire the remaining shares
of UAE-based BNPL leader Spotii Holdings Ltd (
Spotii
The transactions align with Zip s global expansion plans and the rapidly accelerating global BNPL opportunity. As demonstrated through the acquisition of QuadPay, where annual transactions have soared by over 200% post acquisition, Zip is building its playbook in successfully identifying, completing, and integrating strategic acquisitions. Twisto and Spotii are now well-positioned to leverage the benefits of this competency and the synergies of a truly global payments organisation. Twisto and Spotii are integrated into Z ....

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