Zip was the best performer of the top 200 at time of writing today (1.08pm), out with their 2nd quarter update today which shot the lights out on the back of a bumper holiday period.
Transaction volume more than doubled the same last year with December alone printing $628m. While Australia & New Zealand remains the main contributor to transactions, growth in the US is outpacing with the company calling itself one of the fastest growing US BNPL options, growing customers by more than 40% in the US. International opportunities will continue to be the main growth driver for Zip, now turning their attention to the UK where it launched in December.
We own Z1P in the growth & emerging companies portfolios. We continue to like the investment outlook, and so are holding.
MM is bullish Z1P after strong quarterly
– Growth in the US the key
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