Z1P -2.7%: the BNPL company held an investor day as they start to shape the conversation about other avenues of revenues. Zip are now looking to encourage customers to do more than just one off purchases through Zip with a digital wallet style offering including taking deposits, paying bills and even investing & paying with crypto the first hurdle. It would all come with a Zip card in a more direct attack on credit cards. Shares were down for the session, perhaps the market wanting more in the way of outlook statement – not sure really, the heat has simply come out of BNPL.
MM is bullish Z1P
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