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What is Zip Acquires QuadPay for Global Growth about?

Zip Co Limited has entered an agreement to acquire US-based buy now pay later provider QuadPay for up to 119 million shares. The acquisition values QuadPay at $403 million and will make Zip a global leader in the BNPL sector with operations in 5 countries and combined annual transaction volume of $3 billion. Zip has also raised up to $200 million through convertible notes and warrants to fund the acquisition and further growth. QuadPay was founded in 2017 and has over 1.5 million customers and annual revenu

Author

Jackson

Language

EN