We discussed ZIP in length last month, with the net result being that we bought the growth stock! The key takeaway is that we like the growth in their US business, with Total Transaction Value (TTV) and revenue increasing over 40% a piece, year-on-year. Plus, they still managed to grow TTV in ANZ at 12.6% year-over-year; solid, but we bought the stock for growth in its US operations, which already makes up over 50% of its revenue.
- We can see ZIP testing its 2024 high into Christmas, another ~20% upside: MM holds ZIP in its Emerging Companies Portfolio.
MM is cautiously bullish on ZIP
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