Z1P +16.95%: Lead the index’s gainers today with a big jump on some strong quarterly numbers. The digital payments company saw revenue climb 83% on year to $112m as transaction volume hit $1.6b – more than double that of 3Q20. The income split is now around 50/50 for the Australian & New Zealand business vs the US with Quadpay, which they acquired last year, seeing the most substantial growth of the group – which is what we’ve been after. The numbers here are impressive, the momentum is strong and from the call with management today, it’s clear that Z1P will leverage off it’s huge customer base into other areas. The update today dragged the whole BNPL sector higher.
We own Z1P in the Flagship Growth & Emerging Companies portfolios. We also own Openpay (OPY) in the Emerging Companies portfolios. **I briefly spoke about Z1P in Markets @ Midday – a podcast uploaded each day to the MM site –
MM is bullish Z1P
Add To Hit List
