Z1P Delivers Record Revenue in Q4

  • Jul 15, 2020 AEST
  • Team Kalkine

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.

 


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