Zip is a leading global buy-now, pay-later (BNPL) player with presence in 12 markets, bringing customers and merchants together for a fair and valued payment experience. Zip’s mission is to be the first payment choice, everywhere and every day.

Zip was established in 2013 and has expanded significantly, employing more than 1,000 employees and catering to around 51,000 retail partners and 7.3 million customers as of 30 June 2021.

Zip offers short- and long-term instalments in a single checkout experience. Zip offers point-of-sale credit and payments to consumers and provides integrated retail-finance solutions to merchants in the retail, home, health, automotive and travel industries, online and in-store.

Zip was founded in 2013 by Larry Diamond and Peter Gray and listed on the ASX in 2015. In September 2020, Zip acquired the US-based BNPL company Quadpay to grow its American footprint. Following the launch of a unified global brand identity in August 2021, the company now operates as Zip in Australia, the US, the UK, New Zealand, Canada and Mexico.

Zip has announced its intention to complete acquisitions of Twisto, which has operations in Czech Republic and Poland, Spotii, which operates in UAE and Saudi Arabia, and Payflex, operating in South Africa. Zip also has a strategic investment in Tendopay in the Philippines.

Zip aims to have a diverse funding strategy in place to ensure short- and long-term funding requirements are met. This diversification is between warehouse facilities and capital-market issuances.

In 2019, Zip established a master trust that includes the rated series and a variable funding note secured by a single pool of receivables. Zip has been a frequent issuer in the Australian ABS market since 2019 with four public securitisation transactions since establishing the master trust.

Zip continues to work through and further establish relationships with domestic and international institutions.

Zip is committed to exploring investor demand and to strengthening its capital-market ABS transactions by expanding its investor diversity.

Zip continues to expand geographically, its purpose being to create a world where people can live fearlessly today knowing they are in control of tomorrow.

Zip has a unique revenue model that derives income from customers and merchants, enabling it to support partners in any vertical and deliver market-leading unit economics.

With strong growth across all key metrics, Zip continues to deliver innovative products and services to its customers. The receivables continue to demonstrate strong and stable performance.

Akeshni Gour
Director, Treasury
+61 498 988 411
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www.zip.co/au