Zip Co Limited (ASX:Z1P) provided a trading update for Q4 FY20. Z1P achieved a revenue of $161.2 million for FY20, up 91% on FY19 with record revenue of $46.4 million in Q4.
Other highlights include:
- Q4 transaction volume of $570.7 million (up 62% YOY)
- Addition of 197,000 active customers in Q4 to a total customer base of 2.1 million, up 63% YOY while total Merchants rose to 24.5k up 51% YoY
Moreover, OPY also announced the acquisition of US-based BNPL company QuadPay along with an investment of up to $200m from Susquehanna Investment Group.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.