Zip Co Limited (ASX:Z1P) notified the market about its trading update for the month ending 30 April 2020. The Company continued to perform strong with an increase of 81 per cent yoy in monthly revenue. Repayments rate (repayments as a percentage of opening receivables) increased to 15 per cent in April 2020 as compared to 12 per cent in March 2020.
Larry Diamond, Z1P’s MD and CEO stated that May is expected to have even stronger performance as compared to April.
The snippet of the performance is provided in the table below.