Zip – Algo Buy

Posted on | by Leon Hinde

Zip Co is under Algo Engine buy conditions.

PayPal Holdings said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal, taking another step to claiming the top spot in an industry experiencing a pandemic-led boom. 

Zip – Algo Buy

Posted on | by Leon Hinde

Zip Co is under Algo Engine buy conditions.

PayPal Holdings said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom. 

Zip – Earnings Review

Posted on | by Leon Hinde

Zip Co is under Algo Engine buy conditions.

Revenue was up 150% to $403m and the pre-tax loss -$718m.

Zip said its cash earnings before tax, depreciation and amortisation loss was $22.9 million, which missed consensus expectations for positive earnings of between $8 million and $9 million.

Its total reported loss of $653 million was just below the total amount of capital that Zip raised over the year to support its global growth.

We’re watching ZIP with a great deal of interest but remain cautious on the sector trends with regards to increasing bad debts.

Zip – Acquisitions

Posted on | by Leon Hinde

Zip Co is under Algo Engine buy conditions.

Zip Co will take full control of the UAE’s Spotii Holdings and Europe’s Twisto Payments for $160 million. Zip already has minority stakes in both businesses.

The transactions will help expand ZIP/’s global footprint.