Zip Co Limited (ZIP.AX)
Zip Co Limited operates in the Financial - Credit Services industry of the Financial Services sector, headquartered in Sydney, NSW, AU. The stock last traded at $2.71, down 2.69% on the session, giving a market capitalisation of $3.38B. Its beta of 3.25 implies it has historically moved more than the broad market.
Zip Co Limited delivers digital financial and payment solutions to a diverse client base, including individual consumers and small-to-medium sized businesses (SMEs). Its extensive global presence spans Australia, Canada, the Czech Republic, Mexico, New Zealand, Poland, Saudi Arabia, Singapore, South Africa, Turkey, the United Arab Emirates, the United Kingdom, and the United States. The company's operations are organized into five primary segments: APAC, Americas, EMEA, Zip Business, and Corporate. For SMEs, Zip Co offers unsecured loans and revolving lines of credit. Consumers, on the other hand, benefit from its Buy Now Pay Later (BNPL) services, providing credit lines and installment payment options for both online and brick-and-mortar transactions. Founded in 2009, the Sydney, Australia-headquartered firm was originally named ZipMoney Limited before adopting its current designation in December 2017.
Zip Co Limited is most often compared with the following Financial Services names: